In many organizations today, progress toward strategic goals relies on temporary
projects to get products out the door and to make new services available.
However,
studies show that organizations waste hundreds of millions of dollars every year
on incomplete projects. The reasons for this are many and varied. In many cases, organizations
underestimate the project management process and promote successful
technicians without recognizing that they need training. Oftentimes,
senior management sets deadlines and budgets without input from the team that
has to execute the program. In addition, change control is not handled correctly
culminating in scope creep and cost overruns. As a result of these and other forces,
many projects are late, over budget, only get finished because everyone works
overtime, or never get finished at all.
JP Stewart Associates believes that a company’s project maturity best
exemplifies how it manages its projects. A company with a high level of project
maturity
- has well-trained project managers, tight control of costs, and well-documented,
well-understood repeatable processes,
- understands and can take advantage of risk, cost, and scope management using
well-defined project techniques,
- sees its portfolio of projects as tied together in an enterprise-wide fashion,
and
- consistently brings in its projects on-time and on-budget.
To help you with your company’s strategic planning, we will first meet
with your senior staffers to determine your current level of project maturity
and status of project completion.
From there, we’ll assess the capabilities
of both the team and the organization and provide or recommend the appropriate
training.
After prioritizing your current project portfolio, we’ll assist
in setting a baseline to determine where the organization is today and where it
wants to go.
The result will be better planned and managed projects providing better ROI,
greater customer satisfaction and lowered costs.
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