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It is with great pleasure that we announce the presence of Deloitte (Tax and Legal department) at the Yearly Project Management conference which will take place in Brussels on November 23rd.
ABOUT THE CONFERENCE - PROJECT MANAGEMENT MATTERS
“Leading organizations across sectors and geographic borders have been steadily embracing project management as a way to control spending and improve project results. When the recession began, this practice became even more important. Executives discovered that adhering to project management methods and strategies reduced risks, cut costs and improved success rates—all vital to surviving the economic crisis.”
This is how the Project Management Institute describes the importance of Project Management in all organizations, and especially in uncertain and risky times like in contemporary economy. Although this seems to be an evident truth, and although many organizations state that they do work with project management principles and strategies, it is still true that:
- For some companies, some established PM processes are in place, but no monitoring or evaluation are foreseen*
- PM is rarely aligned with organization’s objectives*
- The challenges that most PMs emphasize tend to be poor practice, bad planning and bad management decisions*
(*from Axelos_PPM Benchmarking Report 2017)
DELOITTE'S CASE STUDY
With this yearly event QRP International wants to hear the stories of organizations that have implemented Project Management, and specifically decided to start this journey with a well-known method like PRINCE2.
Come and hear the story of Deloitte from the voice of Adriana Bancianu, Senior Manager in Deloitte Tax and Legal Department, and leader of the Global Tax Center Europe's Project Managemenr office (PMO), who from 2010 oversees global teams of Project Managers and tax Specialists. Adriana is now part of the team implementing PRINCE2 as Project Management standard methodology across the Tax Practice of Deloitte Belgium.
"My presentation will be covering the challenges of implementing a project management methodology within a professional services environment. I will explain the audience how Deloitte Belgium Tax and Legal department has managed this change management project, the challenges we faced and the lessons learnt from the 1st phase of the transformation we are still going through."
- Location: Thon Hotel Brussels City Centre – Avenue du Boulevard 17, 1210 Bruxelles
- Time: 9h00 – 13h00- registration starts at 8h30
- Language: English
- Attendance fee: FREE entrance, registration required
- Inscription: to enroll please fill in the form at this page.
Only 60 seats available, make sure you hold your seat!
- Auditory learning: learning through listening and hearing. The expert trainer explains the matter, focusing on the most important parts of the Project Management methodology, highlighting tools and techniques.
- Visual learning: in order to better understand the ideas and concepts, drawings on flip charts can be an important tool to integrate new information. If we take the example of a PRINCE2 training, imagine what impact could have a drawing that explains you the difference between outputs, business change, outcomes and benefits. A picture says more then a thousand words. In some cases, you will even see that these drawings are put on the walls in the training room and are continuously used by the trainer when he/she comes back to this topic.
- Kinesthetic learning: this is what we call “learning by doing”. Classrooms are ideal places to exercise on how to put the theory into practice. Let's take the example of an AgilePM training: an important tool is the PRL (Prioritized Requirements List). What better way to understand how to create this list then to do this in group during the course? It’s a first-hand experience that will help you to put it into practice when you’re back in the office.
A portfolio management approach to business change is required to ensure that organizations prioritize and invest in the changes that contribute most to the strategy. It provides an overview of all change activities including what is in the portfolio, what it is costing, what risks are faced, what progress is being made, and what the impact is on business as usual and the organization’s strategic objectives. Not only Business as Usual prioritization, Management of Portfolio means to effectively decide to invest in the change initiatives that will contribute to deliver strategic objectives.
TITLE: 100 Days to Implement Management of Portfolios
ABOUT THE ARTICLE: "At the Office for National Statistics (ONS) we collect, analyse and publish important statistics such as population, inflation and gross domestic product. This information is used to inform decisions that affect your life and the lives of everyone in the UK. We were aware that some studies indicated a timescale of 12–18 months to implement portfolio management. However, we decided to embark on a 100-day, high-energy approach to implementing the Cabinet Office’s best-practice standard Management of Portfolios (MoP). During the implementation we derived considerable value from enhanced executive portfolio-level information, portfolio prioritization, consistent portfolio investment appraisals and project sequencing. All of this led to a greater understanding of the portfolio delivery landscape and the ability to make more confident investment decisions with an overall increase in collaborative working and organizational energy". This is how Glen Watson, General Director of the Office for National Statistics explains the decision of implementing MoP.
This Case Study follows the steps of the Portfolio implementation highlighting the key phases of this 100 days project: in the terms of the ONS, the path was to "understand where we are" to define "where we want to go": this includes the analysis of the current situation, the definition of the so called "portfolio cycle", "portfolio plan" and "portfolio office". To summarize, at the end of the paper are indicated 8 top tips (in no particular order) which are the things ONS found critically important when implementing portfolio management within 100 days.
ABOUT THE AUTHOR: Craig Kilford worked with the Office for National Statistics as Interim Deputy Director of Portfolio Management. As one of the world’s leading portfolio management subject matter experts he is a regular motivational conference speaker, co-author of the Cabinet Office’s Management of Portfolios and author of "Think P3O." Craig blogs regularly at www.MrPortfolioManagement.com where additional information about this case study is available.
TO READ AND DOWNLOAD THE FULL ARTICLE: simply follow this link!
- the strategic direction of the organization,
- the delivery of change capability by projects,
- the need to maintain business performance and stability while realizing and exploiting the benefits from the investments.
- Vision-led programmes that start with a clearly defined vision, have a top-down approach, and focus on strategic or innovative opportunity with radical transformation of business, culture or both.
- Emergent programmes evolve from current uncoordinated initiatives, where there is recognition of the value of a joinedup approach with an emergent vision and end goal.
- Compliance programmes can also be called ‘must do’ programmes. The organization has no choice but to change; for example, because of market forces or the potential negative impact of not changing.
Today’s project management pressures
Project managers (and the projects they’re responsible for) are not immune to the effects of a changing global economy. In fact, the majority of project managers acknowledge that there is increased business competition which is causing a variety of knock-on effects. Some findings:- 76% states that “The business environment has become more competitive”
- 74% states that “Budgets and timelines are tighter as clients/ stakeholders look for more value from projects”
- 65% states that “PMs are expected to deliver more projects over a shorter time frame”
Project management maturity within organizations
The maturity of project management in many organizations is still behind where it needs to be to meet the increased demands of more projects within existing timeframes and budgets. One measure of maturity can come from the P3M3 Maturity Model, yet:- less than 20% of organizations described themselves as having established processes in place, with ongoing improvements based on monitoring and feedback
- only 53% of project managers describe the project management function as “influential”
The challenges faced by project managers today
At the head of the list of the challenges faced by PMs today there is “over-ambitious timeframes” for projects, followed closely by “changing project briefs and moving expectations”. In the context of increasing project numbers to deliver in the same timeframe or less, plus the relative isolation of the PMO in organizations, these are serious challenges for project managers. Following in the list there are also challenges like “poor communication”, “absence of the right people for the job”, “unrealistic budgets” and “inefficient work practices”.- Half of project managers felt their project didn’t have the right people in place, which led to project failure in 43% of cases
- 56% of project managers had witnessed significant changes to the project brief and expectations and this led to project failure in 48% of cases
Agile
Agile continues to be a hot topic within project management. There is a huge appetite amongst project managers for agile techniques, yet this enthusiasm isn’t apparent at an organizational level. Why are so many organizations wary about adopting agile? It could be due to a lack of understanding as ‘agile’ is still perceived as the latest buzzword. Project managers need to educate the business about the value of agile to help deliver the number of projects that organizations are now demanding. Organizations need to get on board with adopting agile techniques. Working in an agile way allows project managers to respond to evolving business needs but still the appetite for adoption at an organizational level is low.- 77% of respondents seeing value in working in a more agile way and just 2% seeing no value in it
- Less than half (46%) of respondents said there is significant appetite for adopting agile techniques within their function and this falls further to 39% at an organizational level