Most project performance professionals will recognize this scenario: you are well into your project, and someone asks for the latest status update. You now contact different team members to get the latest information on actuals, forecasts, schedules and budgets and spend hours collating the information together. By the time it lands in the inbox of […]
Why Enterprise Project Performance Matters for Executives
May 12th, 2021
Project performance, at its core, should be a straightforward process: you create, implement, and manage projects that contribute to the performance of your organization and its strategy. Sounds simple, but it is often more difficult in real-life. Add the COVID-19 pandemic to the already complex nature of capital project management, and 2021 is looking like […]
Project Scope: What It Is and How To Define It
April 15th, 2021
Panic sets in一you’re reviewing a project budget and realizing there is far too little money allotted for the work left. Sadly, this is a common occurrence. At least 85 percent of every project is over budget to some degree. Although this may not be as detrimental for small projects, overruns are detrimental on an enterprise […]
Project Analytics: Benefits, Challenges and First Steps
February 22nd, 2021
Underperformance is nothing new in the world of capital projects. Large projects experience cost and schedule overruns consistently. They are not meeting their intended objectives, not delivering expected business value. We’ve been hearing the same story for years. Additionally, projects are beginning to have a greater impact on shareholder value. This has raised the stakes […]