Gain an understanding of project management best practices to avoid the top causes of project failure.
Despite decades of research confirming common causes of project failure, 50-70% of projects still fail, depending on the surveys you examine. According to the Project Management Institute and others 10% or more of every project dollar is wasted at a rate of $1m every ten seconds. Until organizations value project management and adopt a continuous improvement mindset, this problem will not go away. This topic examines project management best practices to avoid the top causes of project failure. Adopting or strengthening these practices will improve project success over time. This material is critical for senior executives, managers, PMO leaders, and project managers seeking to enhance business and project success.
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Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction
- What Are Best Practices?
- There Are Many Best Practices, so Let's Focus on a Few
- Use the Top 5 Causes of Project Failure to Guide
Cause #1/Best Practice #1 - Lack of Customer Involvement/Engage All Stakeholders
- Stakeholder Analysis/Matrix
- Project Communications Plan
- Use of Business Analysis and Business Analysis Planning
Cause #2/Best Practice #2 - Poor Requirements Management/Use Business Analysis for Alignment With Strategy, Change Management
- Ensure Alignment With Strategy
- Use of Business Analysis and Business Analysis Planning
- Change Management
Cause #3/Best Practice #3 - Lack of Resources/Use Resources Scheduling Tools
- Understand Requirements and Develop a Resource Breakdown Structure
- Improve Estimation
- Schedule With 'Who Does What When'
Cause #4/Best Practice #4 - Accidental Project Managers/Strengthen Project Management
- Use Continuous Improvement
- Support and Training
- Seek a Balance of Project Management Know-How, Business Knowledge, and Leadership
Cause #5/Best Practice #5 - Conflicts/Strengthen Leadership
- Build Trust and Consensus
- Manage Collaboration
- Seek Fair Balance for Competing Goals and Views
Conclusion and Wrap up
- Summary of Causes and Best Practices
- Challenge - How Will You Advance These in Your Organization?
- Questions and Answers
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on October 26, 2021.
Call 1-866-352-9540 for further credit information.
- ASAP PACE 0.1
- This course is pre-approved through the American Society of Administrative Professionals (ASAP) for 0.1 CEU(s) towards your PACE Recertification.
- IAAP 1.0
- All education that aligns with the CAP Body of Knowledge can be used toward recertification. Lorman Education Services believes this course does align and should be counted toward recertification. Please visit IAAP's certification webpage to review recertification details and requirements. https://www.iaap-hq.org/page/CAP_Recertification. Course Length: 1.0.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Ray W. Frohnhoefer, MBA, PMP, CCP
PPC Group, LLC
- Managing Partner, PPC Group, LLC
- Focuses on publications, courses, and consulting for new and accidental project managers
- San Diego-based educator and trainer and international project management speaker
- Author of three Amazon international bestsellers on business project management
- Lead Inventor, Siebel Quick Estimating Tool (Patent us 7,801,834 B2)
- Member of Project Management Institute (PMP #227656)
- M.B.A. degree in technology management; B.S. degree in mathematics/computer science
- Graduate, Project Management Institute’s Leadership Institute Masters Class
- Can be contacted at 760-685-2197 or [email protected]
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Why Lorman?
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