Businesses continually try to grow and improve, no matter what industry they are in. Whether strategy is to increase market share, retain competitiveness or meet compliance requirements, the change is often delivered by projects and programs.
In your business, project management, as a competency, has focused on improving the rate of successful delivery of the infrastructure, IT, process and organisational changes that enable change to be achieved.Program management looks to group projects that are delivering towards common outcomes and focuses more on benefits realisation.
In your business, project management, as a competency, has focused on improving the rate of successful delivery of the infrastructure, IT, process and organisational changes that enable change to be achieved.Program management looks to group projects that are delivering towards common outcomes and focuses more on benefits realisation.
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Strategy tells you where you are going and why you are going there. Your organisation's strategic direction provides you with an end goal; a long term direction that guides decision-making and business activity. Forming strategy can be a challenge. And some of the first steps are the hardest - developing the strategic roadmap, establishing strategic objectives, and deciding on strategic targets requires planning, commitment and time.
Across both private and public sectors, we are facing a great deal of pressure to spend money efficiently. But what does this really mean? Is it about spending less? Is it about only investing in the projects and programs that will give you a greater return on investment in the long run? The truth is it may mean any of these things depending on the context.
In the busy business of project and program management, sometimes benefits realisation management takes a back seat to delivery. Actually, proving the benefits from projects and programs is one of the biggest challenges faced by many organisations today. As the need to justify investments becomes more and more prevalent, effectively managing the realisation of benefits has become a key concern of many business managers.
From when we are little kids, we are taught that rewards are given for good behaviour. If you finish everything on your plate, you can have an ice-cream after dinner; finish your homework, and we'll take a trip to the park. Good behaviour equals reward. If we look at it, the workforce is not too different.
Understanding and addressing the needs of your customers (which includes both internal and external stakeholders) is the most effective way to gain support for the projects and programs within the portfolio. Seeing as it's the customer that will ultimately be receiving the benefits of the projects and programs being implemented, their voice counts!
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