Success Stories

Organizations can benefit in several ways by employing a structured termination process—for example:

• During the first ninety days of the merger between HP and Compaq, the global project management office stopped over one hundred projects or programs that were not aligned with the emerging strategy or made poor use of resources. (See Chapter 9.2.)

• In 2003, AOL built an entirely new project management culture around its implementation of PPM. It set up seven portfolio management teams, each centered on a line of business. For the 2004 planning cycle, AOL was able to achieve a 40 percent reduction in demand hours (from the initial portfolio), allowing it to balance resource capacity versus demand without additional head count. (See Chapter 9.3.)

• There are reported claims that the best-performing companies averaged 40 percent early cancellation of projects using Stage-Gate techniques to review value against risk.

• Critical resources are freed up for higher-value projects.

• Projects that are not performing well, whether due to technical, schedule, cost, or scope problems, do not continue to drain resources and dollars.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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