INFORMATION TECHNOLOGY PROJECT MANAGEMENT (ITPM)
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1 Meltem Özturan misprivate.boun.edu.tr/ozturan/bis548 INFORMATION TECHNOLOGY PROJECT MANAGEMENT (ITPM) Foundations of ITPM Project Initiation Project Planning Project Execution & Control Project Closing 1
2 ITPM: Foundations of ITPM Introduction Life Cycle Phases Knowledge Areas Measurable Organizational Values Project Teams What is Measurable Organizational Value (MOV)? MOV is the project s overall goal and measure of success. The MOV must support the organization s vision, mission, and strategy The MOV must be measurable, provide value, be agreed upon and be verifiable The MOV must be supported by project objectives and must include scope, schedule, budget and quality 2
3 MOV and Vision, Mission Strategy Organizational Vision & Mission Drives Supports Organizational Strategy Drives Supports Project s Organizational Measurable Value (MOV) MOV and Mesaurable, Provide Value, Agreed Upon, Verifiable Measurable: measurement will give focus for the project not only in terms of its actions but how success will be measured during and at the end of the project as well once deployed and in operation. Provide Value: resources and time should not be spent against any project unless it can assure that value will be provided. Agreed Upon: the MOV must set expectations for stakeholders. While it is not easy to agree to goals so early in the process it will be time well spent. Verifiable: at the end of the project (closeout) the MOV should be used to determine if the project was a success. 3
4 MOV and Project Objectives Developing MVO 1.Identify the desired area of impact 2.Identify the desired value of the IT project 3.Develop an appropriate metric 4.Set a time frame for achieving the MOV 5.Verify the MOV and get agreement from the project stakeholders 6.Summarize the MOV in a clear and concise format 4
5 1. Developing MOV - Identify the Desired Area of Impact Potential areas are as follows; Customer Strategic Financial Operational Social 1. Developing MOV - Identify the Desired Area of Impact 5
6 2. Developing MOV - Identify the Desired Value of the IT Project Organizational value can be; Better? Faster? Cheaper? Do More? (growth) 2. Developing MOV - Identify the Desired Value of the IT Project 6
7 3. Developing MOV - Develop an Appropriate Metric Organizational value can be; Provides the project team with a performance target or directive Sets expectations among all stakeholders Affords a means for evaluating whether the project is a success Metrics are expressed in Money ($,, increase or decrease) Percentage (% increase or decrease) Numeric Values (increase or decrease) 3. Developing MOV - Develop an Appropriate Metric Organizational value can be; Provides the project team with a performance target or directive Sets expectations among all stakeholders Affords a means for evaluating whether the project is a success Metrics are expressed in Money ($,, increase or decrease) Percentage (% increase or decrease) Numeric Values (increase or decrease) 7
8 4. Developing MOV - Set a Time Frame for Achieving the MOV When will these results (the MOV) be achieved? 5. Developing MOV - Verify the MOV and Get Agreement from the Project Stakeholders Project manager s responsibility is to guide the process, while the project sponsor must identify and specify the metrics and the acceptable values for the metrics Developing MOV - Summarize the MOV in a Clear & Concise Format Area of Impact Desired Value of IT Project Metric Time Frame Strategic Customer Financial Operational Social This project will be successful if. 8
9 Developing MOV - Summarize the MOV in a Clear & Concise Format - Example Area of Impact Social Desired Value of IT Project Do more Metric Increase Awareness (250 new subscribers) Time Frame 6 months The project will be sucessfull if it increases awareness for healthy living by having 250 new subscribers sign up for a weekly newsletter within 6 months. Developing MOV Summary of the Process 9
10 Developing MOV Summary of the Process 10
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