Solution
All projects, regardless of size or complexity, have three dimensions of performance:
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Time:
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The ability to achieve a project's requested time targets.
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Cost:
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The cost of executing the project, including all resources (people, equipment,
money, etc) necessary to perform the work.
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Quality:
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The specific result desired and reflected in the decision to pursue a project.
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For more than two decades, we have been benchmarking the project performance
of hundreds of corporations in many industries. We have found that organizations
that do not employ a standard, proven, team-based method for planning and controlling
projects, rarely achieve success on all three performance dimensions. In fact,
such companies often fail to achieve success on any one of the three dimensions.
In particular, we have found that the most commonly missed dimension is quality.
But to achieve success, commitment is necessary on three levels:
- Executives must insist on the diligent application of proven management processes
for the projects they approve and fund.
- Managers must ensure that the resources at their disposal are actively engaged
and properly allocated to achieve maximum benefit for their employers.
- Team members must have the knowledge, process, and tools to efficiently execute
their work, eliminate unproductive chaos, and achieve work-life balance
That is why we have developed the Project Success Method[1]
("PSM"). PSM is a blueprint for planning and controlling projects of all sizes
and provides the missing link between strategy formulation and implementation.
It provides a tightly integrated set of processes and techniques that constitute
a clear roadmap for project teams to properly structure their project and work
environment to increase the likelihood of achieving project success.
The methodology is not software-specific and requires no prior project management
training or professional certification. Most importantly, in our view, it is easy
to learn, highly effective and can be implemented quickly. We have found that
while an estimated 70% to 90% of corporate strategic initiatives fail, companies
that employ PSM consistently plan and control their projects successfully, delivering
projects faster, more effectively, and at lower cost.
1. For more
information, contact www.projectsuccess.com
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Requirements