Managing Project Outcomes for Business Impact

The project management discipline has spent decades getting the business comfortable with “projectizing” initiatives for stronger, better and more efficient business processes.   More and more we hear from the industry the need for more project leadership, more critical thinking, more identification of the project’s impact to the bottom line.  Economic pressures and the ever increasing complexity of projects that drive real business impact is what every business sponsor is focused on. In response to environmental challenges, project managers are increasingly asked to build new organizational capability through the projects they manage every day.  Projects become the change agents for the organization to continually move forward. Projects can no longer be done in isolation with a singular focus; they are part of the overall integrated business strategy for the organization.

No longer is it good enough to be a stellar project manager in all aspects of the triple constraint.  Project managers are now being asked to:

  • Ensure their projects are strategically aligned with strong expectations for very specific business outcomes
  • Act as an expert consultant on the project  and push back when issues arise that are counterproductive to the organization’s strategy
  • Understand the direct business impact of their projects on other departments and the overall organization
  • Demonstrate to the business partners  how the project strategically moves the company forward and creates real business impact
  • Manage up, down and across the organization to insure that the business impact of the project is fully realized and positive business outcomes are realized. 
  • Move away from a strict discipline of project “deliverables” and move toward project outcomes that have real business impact on the bottom line to maintain an organization’s competitive advantage


“Those involved with project management are now recognizing that the future of project management needs more than stellar technical proficiency, it needs project leadership within a business context.”
Deborah Bigelow Crawford, PMP, President of PM College

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Key Outcomes

Upon completion of this course, participants will be able to:

  • Identify how project management is evolving in organizations
  • Hear best practices from an award-winning organization
  • Identify new drivers of project management
  • List the four steps for becoming a business driven project manager
  • Seek project clarity through stakeholders
  • Understand importance of project portfolio management on business impact
  • Describe how to link your project to organizational goals
  • Define the performance areas and drivers for  today’s High-Performing Project Leader
  • Describe the role you play in change management
  • Define the attributes of a strong project leader
  • Use the business case template to gain clarity around project alignment to organizational goals and true business impact

 

Course Outline


Projects and the Business Environment – Delivering Project Business Value

  • Identify the “ideal” environment needed to develop a business driven project manager culture
  • Develop an awareness of recent research on project management
  • Recognize best practices from an award-winning organization on achieving business impact.
  • Realize the importance of Project Portfolio Management
  • Identify new drivers of project management in organizations
  • Distinguish between traditional and business-driven project management


Moving Your Company to Business Driven Practices

  • Identify the four steps to move your organization to business driven practices
  • Seek project clarity through stakeholders and how a project fits into the overall portfolio
  • Learn how to link your projects to organizational goals
  • Understand the importance of communicating value
  • Develop a business case for a project


Characteristics of a Business Driven Project Leader

  • Define the performance areas and drivers for  today’s High-Performing Project Leader
  • Become a trusted advisor in your organization
  • Identify your role as a change agent