VALUE OF PROJECT MANAGEMENT

"Project management provides organizations with the processes, knowledge, skills, and tools to execute projects."

Does your company need to…

increase your current staff’s efficiency?
respond to market changes more quickly?
downsize while maintaining your current productivity?
decrease your time to revenue recognition?
better align actual outputs to strategic goals?
improve the timeliness of deliverables and benefits?
standardize your project management processes and systems?
more consistently meet or exceed your customers’ expectations?
build a corporate culture of disciplined project management?

If you answered yes to any of these items than you need Project Management. There have been several studies by global consulting firms, PwC and KPMG, which have analytically validated the tremendous value of Project Management. PwC states in their 2004 study, Boosting Business Performance through Program and Project Management the following conclusion: “Organizations should be aware that when talking about Strategic Planning, Investment Appraisal, Capital Budgeting, New Product Development, Organizational Change, Mergers and Acquisitions, Outsourcing, etc., they are in fact talking about initiatives that translate into, and are executed through, projects. Top and Senior Management should therefore understand that project management is a key strategic tool to drive these initiatives and to reap their business benefits. Those organizations that understand the vital importance of excelling at project management, and act upon it, will undoubtedly outperform the competition.”

Project management provides organizations with the processes, knowledge, skills, and tools to execute projects. A “process-based” project management process can provide value to organizations of all sizes, shapes and forms. This type of process can be utilized by projects large or small and can be implemented by project management practitioners of varying experience and skill levels. An organization that utilizes a process framework built around project management has a vehicle to which they can establish a culture of continuous improvement. In addition, as the organizational maturity permits, it also allows the systematic execution and implementation of project “portfolios” that are in alignment with the corporate strategic goals.

The North Star Group has developed and implemented a flexible, practical and unique system known as the PREP Management System. The PREP Management System is consistent with the Project Management Institutes Project Management Body of Knowledge (PMBOK) principles and was developed around supporting real world initiatives in an effective, concise manner. The system is highly scaleable, non-resource intensive and has low startup and maintenance costs.