In Advances in Project Management Part I we looked at how PMs are really investment managers. In this episode we extend the discussion to look at techniques in getting the value achieved. From risk-based analysis of the WBS to determine the effectiveness in enhancing value of each project activity, to the project leadership needed to unleash the power of the team in delivering products, to accepting and demanding that some of the accountability for project value belongs with others beyond the PM, this episode looks at the next level of getting value out of projects…beyond the PMBOK®. PM Point of View® (PM-POV) is a podcast series produced by Final Milestone Productions and PMIWDC. PM-POV allows our membership and the public at large to listen to brief and informative conversations with beltway area practioners and executives as they discuss various perspectives on project management-- its uses, its shortcomings, its changes, and its future. Listens can send comments and suggestions for topics and guests to: firstname.lastname@example.org. PM Point of View® is a registered trademark of M Powered Strategies, Inc.
About the Speakers
Michael Hannan, PMP, TOC Jonah
Mike Hannan is Founder and Principal Consultant for Fortezza Consulting, LLC, which helps CIOs, IT PMO Directors, and project teams improve the speed and reliability of their Project Portfolios. Mr. Hannan brings over 20 years’ experience as a Consulting Executive, IT Project Portfolio and Program Manager, Process Engineer, and Software Architect/Engineer/Designer/Tester. His background in Project Portfolio Management started at NASA in the early 1990s supporting large, complex programs such as the International Space Station and High-Performance Computing & Communications (HPCC). He has managed and consulted on $500M+ project portfolios, and trained CIOs and other senior executives in Federal Civilian, Military, and Commercial environments. Mike has been an active speaker at industry events, including local PMI chapter and community meetings, webinars, PM Symposia, and in the Agile community. He is a leading innovator of disciplined ways to integrate Agile, Lean, Critical Chain, and other techniques to drive dramatic breakthroughs in the performance of IT Project Portfolios. Mr. Hannan has been a PMP since 2005, and is a member of both the PMIWDC and Montgomery County chapters. He has been a Theory of Constraints Jonah since 2011, and has Masters degrees in Information Technology and International Affairs. He is also a devoted father of 3 teenage boys, a competitive masters-level track athlete, and an amateur oenophile.
Dr. Tomoichi Sato is General Manager of ICT Management Office at JGC Corporation in Yokohama, Japan.
Born in Tokyo in 1956, he majored chemical engineering at Tokyo University. He stated his carrier in JGC as a process engineer, and later became schedule engineer/project manager/PMO member in the plant engineering and the IT development fields.
Since 2007, he privately started research work on PM theory and established a theoretical framework called ‘risk-based project value (RPV) analysis.’ Using this framework he has published a series of academic papers in domestic and international journals. In 2009, Japan Industrial Management Association awarded his first article as the best research paper of the year. He obtained doctor degree by his study in 2010.
He also teaches PM courses at Tokyo University Graduate School and Hosei University.
He wrote several Japanese books about PM, time management, advanced planning & scheduling, bill of materials (BOM) and supply chain management.
Blog: http://brevis.exblog.jp/ (mainly in Japanese).
Joseph A. Sopko, PMP, MSP, P3O
Joseph A. Sopko, PMP, MSP, P3O is an organizational project management improvement consultant, trainer and a joint recipient of the 2013 Shingo Prize Research Award as a contributing author to The Guide to Lean Enablers for Managing Engineering Programs.
With over 25 years of active project and program leadership experience in large and small organizations, Joe has served in a wide range of operational and project leadership roles both during his career in the US Navy and in the commercial sector, including eight years as an organizational improvement consultant at Siemens.
For the past ten years, Joe has had considerable involvement in organizational project and program management infrastructure development and improvement initiatives including global standards development and advisory committees with PMI, APMG and ISO.