PMINZ Auckland is a vibrant community of professionals and students coming from various industry sectors. The branch endeavours to facilitate education, certification and professionalism in project...
Andreas Gabler, from Xelocity, takes us through project prioritisation using benefits management thinking
You are a project manager / project pponsor of a vital network upgrade project. Your finance partner is chasing you for the financial benefits of your project as the funds you need compete against new cloud-based customer interaction application. It is just logical that you need the new network, as without that you cannot connect to the new cloud-based hosting partner, so you rack your brain and try to find the direct financial benefits of the project, but you cannot come up with a real figure.
What can you do?
Make up a number that looks good and justify it with a lot of supporting figures no one can prove?
Does that sound too familiar? Trying to make decisions purely on financial number?
Benefits management techniques in portfolio management provides a more holistic approach to project prioritisation and portfolio management than pure factor based prioritisation.
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The Auckland Certification Preparation Network study group programme will start from the first week of April (date yet to be confirmed). It will run once a week from 5.30pm to 7.30 pm for 16 consecutive weeks.