projects — adapt professionally to an ever-changing world

Projects are ubiquitous. They realize efforts of innovation and change for many organizations in most industries. Effectively and efficiently managing these efforts is key to survival and growth in the modern economic world.

A project is a temporary endeavor undertaken to create a unique product or service. This discerns projects from operations and requires a management approach that differs significantly from operational management.

Professional project management is the basis for successful project completion — on time, within budget, and with the intended results. It relies on a controlled project management process, built upon project management standards.

Ignorance of these basic facts is the predominant cause for project failure and financial losses.

coordinated management activities optimize payback

In addition to proper management of single projects, three critical activities help you to improve the management of your project portfolio:

Your business strategy is the ultimate reason for projects and also the basis for their evaluation. Project value management controls business value and maps project outcome to the balance sheet.

Program management focuses on the coordination of related sets of strategic activities — typically including multiple projects, various other activities, and change management.

The project management office (PMO) balances project portfolios, coaches project staff, maintains project management processes and systems, and performs benchmarks to align them with best practices.

Read more about project management.