Managing Projects as Investments: Earned Value to Business Value

Description

''Due to a lack of appreciation of the true economic identity of projects, techniques and metrics that could hugely improve project selection and performance are not being used. This book provides insights and innovative techniques drawn from more than a quarter century of experience. These techniques have the potential to transform program and project management from the current haphazard application of various techniques and metrics to an incisive and integrated approach where programs and projects are managed for the crucial economic and financial implications that are at the essence of every project investment'' ''Preface Every project needs management for two reasons. The first is to plan and manage the tasks of a project and to coordinate getting the work done. The other is to optimize the value of a project as an investment. Managing projects as investments is the new frontier of project management. This book is focused on introducing the tools and methods for optimizing projects as investments. Texts such as my 1999 Total Project Control: A Manager's Guide to Integrated Project Planning, Measuring, and Tracking (Wiley) are aimed primarily at the first function of project management- managing the work--and are written for the ''practitioners'' of project management: project managers, cost account managers, activity leaders, and all project team members. This book is for both the practitioners and for anyone in a project-driven organization who has responsibility for or is affected by projects. This includes, but may not be limited to - Executives in project-driven organizations, who sense that programs and projects are investments and want to shift their focus to understanding them as investments - Sponsors/senior managers, whose limited budgets must fund projects - Business area directors, whose portfolios may include multiple projects - Program managers, whose responsibilities usually include generating value from a coordinated implementation of related project and nonproject efforts''-- Read more...