This is the second webcast in a four-part series in which we discuss the concepts of demand management in Microsoft Project Server 2010. In this webcast, we outline the framework for the project/program phases of create and select, and we explain how to integrate information paths and strategic objectives within the Demand Management feature in Project Server 2010. Topics we cover include cost, corporate benefit and strategic impact, organizational approach, utilization of necessary resources, risk assessment, defining conditions leading to project/program selection by outlining the business drivers, strategic priorities, scenarios, impact standards, and assumption/constraint analysis.
9. Recap on Demand Management & EPM 2010 Quick Recap: Demand Management is needed by Organizations to Address both Portfolio & Strategic Planning You can’ do when you don’t have Using Project Server 2010 to address Demand Management Meta Data Connected & Accessible The Right Ingredients: EW + FD – CC(Existing Work Tied to Future Demand Needs cross checked with current capacity) Automating Workflows around existing & new business processes (automating manual work) Dashboards, Dashboards Dashboards (tied to real-time metrics)
11. How to Turn Ideas Into Results Project/Program Lifecycle Management (PLM): Logical sequence of activities to accomplish the pre-defined goals or objectives Consists of multiple phases and stages Phases help in efficient planning, organizing resources PLM objectively measures achievement of goals and justify their decisions to move ahead, correct, or terminate
15. Create and Select is Top Down Management Create Select Business Case Definition Demand Management Portfolio Prioritization Portfolio Optimization Portfolio Reporting Capacity Planning
16. PLM States – Create Phase What is it to Create It is the very first stage A business idea is evolved in project terms It outlines: The scope of the project The approach to be taken to deliver the desired outputs It becomes the baseline for funding approval Key capabilities Develop a Business Case Undertake a Feasibility Study Establish the Project Charter Appoint the Project Team Set up the Project Office Perform Phase Review
25. Summary Project Server 2010 Project Lifecycle Create and Select Standards to organize ideas and enable proposed project visibility Accessible proposal types to promote collaboration and ideas Adopt business case processes that meets needs of multiplestakeholders and different types of projects Workflows and structure to provide visibility to the appropriate stakeholders for prioritization
Capture all requests, from work orders to discretionary projects Standardize metrics, valuation criteria and templates Control investment through governance workflow
Create the caseAnalyses and determine best scenarioEnsures project/initiative aligns with the strategic objectivesFeasibility of support (Sponsor/Stakeholders)Financial and organizational benefitsPresent business caseThe proposal and supporting justification for doing a project, delivered to upper management in the form of a presentation and supporting written report. The complete Business Case is made up of the following 2 deliverables:· Business Case Report · Business Case Presentation See the definitions of these two deliverables for the detailed content description of the Business Case.Tips and TricksWhen you are developing the business case, the first step is to make sure that the deliverables of the initiative are actually aligned to the strategic business objectives. If they aren’t, then your business case will be dead in the water before you even start to build it. Use the following questions as a high-level guide to help to determine if there is alignment between the initiative and the business objectives. Define the Initiative What is it you actually want to create or accomplish? Is it a project? A program? An operational upgrade? Evaluate the problemWhat is the objective? What are the requirements? What is the strategy of how the business case will be developed? Define the Scope and Boundaries What is the time period for it? Who will be affected? What are the included and excluded costs? What is the scope of the analysis? At this early stage, if you are unable to answer any of these questions at the high level, you may need to take more time to research the initiative. The more clearly and simply you are able to answer these questions, the greater the likelihood of the success of the business case.
Define Strategic priorities Develop Business DriversSet Impact standardsUnderstand constraints and analysis