Project management best practices: achieving global excellence /
Harold Kerzner.
- Fourth Edition.
- 1 online resource (784 pages).
Revised edition of the author's Project management best practices, [2014] ABOUT THE AUTHOR HAROLD KERZNER, Ph.D., is Senior Executive Director for Project Management at the International Institute for Learning, Inc. (IIL), a global learning solutions company offering professional training and consulting services worldwide. Dr. Kerzner's profound effect on the project management industry inspired IIL to establish, in coordination with PMI, the Kerzner International Project Manager of the Year Award, which is presented to a distinguished PMP® or global equivalent each year. INTERNATIONAL INSTITUTE FOR LEARNING, INC. (IIL) is a global leader in professional training and comprehensive consulting services in the areas of project, program, and portfolio management, PRINCE2®, ITIL, Business Analysis, Microsoft® Office Project and Project Server, and Lean Six Sigma. IIL is an IIBA-endorsed education provider, a PMI® charter global registered education provider, and a member of PMI's Silver Alliance Circle and their Corporate Council. Includes index.
TABLE OF CONTENTS Preface xiii
1 UNDERSTANDING BEST PRACTICES 1
1.0 Introduction 1
1.1 WÄRTSILÄ 2
1.2 Project Management Best Practices: 1945–1960 3
1.3 Project Management Best Practices: 1960–1985 5
1.4 Project Management Best Practices: 1985–2016 8
1.5 Project Management Best Practices: 2016–Present 13
1.6 Benefits Management Practice at Dubai Customs 14
1.7 An Executive’s View of Project Management 18
1.8 Best Practices Process 21
1.9 Step 1: Definition of a Best Practice 23
1.10 Step 2: Seeking Out Best Practices 25
1.11 Dashboards and Scorecards 35
1.12 Key Performance Indicators 39
1.13 Step 3: Validating the Best Practice 43
1.14 Step 4: Levels of Best Practices 45
1.15 Step 5: Management of Best Practices 47
1.16 Step 6: Revalidating Best Practices 48
1.17 Step 7: What to Do with a Best Practice 48
1.18 Step 8: Communicating Best Practices across the Company 49
1.19 Step 9: Ensuring Usage of the Best Practices 51
13.3 Traditional versus Nontraditional Six Sigma 495
13.4 Understanding Six Sigma 498
13.5 Six Sigma Myths 500
13.6 Use of Assessments 502
13.7 Project Selection 504
13.8 Typical PMO Six Sigma Projects 506
14 PROJECT PORTFOLIO MANAGEMENT 509
14.0 Introduction 509
14.1 The Portfolio Management Journey at Nordea 510
14.2 Resource Management as Part of Portfolio Management at Nordea 512
14.3 Involvement of Senior Management, Stakeholders, and the PMO 515
14.4 Project Selection Obstacles 520
14.5 Identifi cation of Projects 520
14.6 Preliminary Evaluation 524
14.7 Strategic Selection of Projects 525
14.8 Strategic Timing 528
14.9 Analyzing the Portfolio 529
14.10 Problems with Meeting Expectations 531
14.11 Portfolio Management at Rockwell Automation 533
14.12 WWF—World Wide Fund for Nature (also Known as World Wildlife Fund) 535
15 GLOBAL PROJECT MANAGEMENT EXCELLENCE 539
15.0 Introduction 539
15.1 IBM 540
15.2 Citigroup, Inc. 557
15.3 Microsoft Corporation 561
15.4 Deloitte: Enterprise Program Management 573
15.5 Comau 594
15.6 Fluor Corporation: Knowledge Management for Project Execution 611
15.7 Siemens PLM Software: Developing a Global Project Management Methodology 624
16 VALUE-DRIVEN PROJECT MANAGEMENT 633
16.0 Introduction 633
16.1 Value over the Years 634
16.2 Values and Leadership 636
17 EFFECT OF MERGERS AND ACQUISITIONS ON PROJECT MANAGEMENT 653
17.0 Introduction 653
17.1 Planning for Growth 653
17.2 Project Management Value-Added Chain 654
17.3 Preacquisition Decision Making 657
17.4 Landlords and Tenants 662
17.5 Some Best Practices When Companies Work Together 663
17.6 Integration Results 664
17.7 Value Chain Strategies 667
17.8 Failure and Restructuring 668
18 AGILE AND SCRUM 671
18.0 Introduction 671
18.1 Introduction to Agile Delivery 673
18.2 Introduction to Scrum 687
18.3 Deloitte and Enterprise Value Delivery for Agile Method 703
18.4 The Risk of Metric Mania 710
19 BENEFITS REALIZATION AND VALUE MANAGEMENT 715
19.0 Introduction 715
19.1 Understanding the Terminology 715
19.2 Redefi ning Project Success 718
19.3 Value-Drive Project Management 720
19.4 Benefi ts Harvesting 721
19.5 The Business Case 722
19.6 Timing for Measuring Benefi ts and Value 723
19.7 Investment Life-Cycle Phases 724
19.8 Categories of Benefi ts and Value 729
19.9 Converting Benefi ts to Value 732
19.10 Go-Live Project Management 732
19.11 Portfolio Benefi ts and Value 732
19.12 Alignment to Strategic Objectives 734
19.13 Causes of Complete or Partial BRM Failure 736
19.14 Conclusion 737
INDEX 739
"Implement Best Practices to Achieve Project Management Excellence The quintessential guide to managing projects, Project Management Best Practices, features comprehensive coverage of the topics of planning, scheduling, controlling, and measuring value within the project management context. With input from senior executives and project managers from over 50 world-class companies, this complete resource is truly the project manager’s bible. Author Harold Kerzner provides rare insight into a topic with ever more far-reaching implications for competitive businesses. For middle- and senior-level managers, this compendium of insight from companies like Airbus, Heineken, Dell, IBM, Boeing, and many more will help with implementing the type of project management best practices that add value and efficiency to every level of an organization. The book: Includes the most up-to-date project management best practices Offers new material on the important topics of agile and Scrum Features insights from world-class organizations from Sony to Cisco Also includes instructor resources and handy PowerPoint guides Project Management Best Practices is the perfect resource for upper-level undergraduate and graduate-level courses, as well as an excellence reference for seasoned professionals"-- DESCRIPTION The comprehensive guide to project management implementation, updated with the latest in the field
Project management has spread beyond the IT world to become a critical part of business in every sphere; built on efficiency, analysis, and codified practice, professional project management leads to the sort of reproducible results and reliable processes that make a business successful. Project Management Best Practices provides implementation guidance for every phase of a project, based on the real-world methodologies from leading companies around the globe. Updated to align with the industry’s latest best practices, this new Fourth Edition includes new discussion on Agile and Scrum, tradeoffs and constraints, Portfolio PMO tools, and much more.
Get up-to-date information on the latest best practices that add value at every level of an organization Gain insight from more than 50 project managers at world-class organizations including Airbus, Heineken, RTA, IBM, Hewlett-Packard, Sony, Cisco, Nokia, and more Delve deeper into implementation guidance for Agile, Scrum, and Six Sigma Explore more efficient methodologies, training, measurement, and metrics that boost organization-wide performance Adopt new approaches to culture and behavioral excellence, including conflict resolution, situational leadership, proactive management, staffing, and more Ideal for both college and corporate training, this book is accompanied by an Instructor’s Manual and PowerPoint lecture slides that bring project management concepts right into the classroom. As the field continues to grow and evolve, it becomes increasingly important to stay current with new and established practices; this book provides comprehensive guidance on every aspect of project management, with invaluable real-world insight from leaders in the field. "The quintessential guide to managing projects, Project Management Best Practices, features comprehensive coverage of the topics of planning, scheduling, controlling, and measuring value within the project management context. With input from senior executives and project managers from over 50 world-class companies, this complete resource is truly the project manager's bible"--