The Value of Project Management Eugene C. Bounds, PMP Secretary/Treasurer, PMI Board of Directors NIH Project Management Community Bethesda, MD 13 February.

The Value of Project Management

Eugene C. Bounds, PMP Secretary/Treasurer, PMI Board of Directors

NIH Project Management Community

Bethesda, MD13 February 2008

NIH Portfolio: Snapshots

• Facilities

• Electronic grant submission & management

•Bioinformatics and computational biology

ChallengedSucceededFailed

Project Management in IT: room for improvement

• 33% of software investments used to repair projects*

• 56% of projects have cost overruns of >50%**

• 84% of projects have time overruns**

• 53% of organizations do not operate PMO**

*Atlantic Systems Guild**Chaos in 2007, Standish Group

Challenged53%Succeeded

29%

Failed18%

PM challenges cited in ITAA survey of federal CIOs: • Training and retaining staff

• Using consistent methodology across multiple projects

• Establishing metrics to assess progress

• EVM proficiency and integration with PM

• Connecting PM with overall governance

• Managing integration points in separate but related projects

Project Management in IT: room for improvement

PMI: A Voice for Improvement

•Globally recognized standards and credentials

• Developed by experienced PM practitioners

• 260,000 members in 171 countries

PROGRAM

PORTFOLIO

PROJECT

PMI® Family of Credentials

Project, Program, Portfolio:The Maturity Progression

Why Organizational Project Management Matters

• Aligns projects with strategic goals

• Focuses on performance

• Improves project time and cost management

• Delivers predictable, repeatable results

Office of Environmental Management

83 clean-up projects

Portfolio value $160 billion (USD)$6B/year

Project Management Maturity:US Dept. Of Energy

DOE’s Waste Disposal Complex

CERCLA Disposal Facility

Regional Low Level Waste Disposal Facility

DOE Generator Site (no on-site disposal facility)

Low Level Waste Operations Disposal Facility

Mixed Low Level Waste Operations Disposal Facility

Legend

Waste Isolation Pilot Plant (WIPP) for Transuranic waste disposal

Yucca Mountain repository for High Level Waste/Spent Nuclear Fuel disposal

Sites are closed

Project Management Maturity

“We are working to utilize the best tools and metrics to ensure successful project performance and promote a robust training agenda for our management and staff.”

James RispoliDOE Assistant Secretary for Environmental Management

December 18, 2007

PM Training at NASA

• Continuous learning

• University and private partners

• Performance support through assessment, workshops, coaching

http://appel.nasa.gov/

Worldwide, organizations will embrace, value and utilize

project management, and attribute their success to it.

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