Capabilities are an intertwined mix of all the resources available at a company for the efficient execution of work. In today’s business environment, organizational, informational, managerial, process and technological capabilities are often as important as a company’s financial capability. The importance of capabilities was highlighted in the 1990s when research showed that some companies consistently outperformed others despite having similar strategies, market positions, value propositions and pricing. Those leading companies were found to have superior capabilities that allowed them to perfect the execution of their strategies.
When implementing a project management methodology for your organization, Pyramid factors in your existing management best practices. Implementation is a collaborative process, with final methodology ownership in your hands. The methodology implementation approaches are designed to foster acceptance and make the adoption of a standard methodology welcomed within your organizations culture.
ARE WE PREPARED TO DO THE RIGHT THINGS?
Strategic Alignment | Are projects aligned to organization’s strategy?
Resource Management | Are resources deployed on projects with optimum high strategic value?
Portfolio Optimization | Are projects prioritized for capital allocation in a way that will allow the organization to handle events such as budget cuts?
Financial Performance | Do we understand the key drivers of profitability?
Fiscal Responsibility | Will the organization achieve fiscal year targets?
We begin by reviewing the project management and related methodologies you already have in place. We then identify areas where your project management methodology would benefit from enhancement and tighter integration with your other management processes. Working with your team, we make sure the resulting methodology has a look and feel that fits with your organizational brand.
Methodology Deployment and Ongoing Support
To successfully launch the methodology to your organization, we work in collaboration with you to develop and appropriate a deployment plan that ranges from conducting pilots to full deployment, depending on size and complexity. The deployment plan includes the delivery of methodology workshops led by our consulting team. Coaches are also available to work one on one with your staff on specific projects to ensure that the methodology is properly put into practice.
In this engagement, a multi-phased project lifecycle management process was developed. The portfolio development process was designed to ensure that projects are prioritized and budgeted at the appropriate level of budget certainty, and funded when a detailed budget and schedule are developed, while taking into account limited resource allocation during the portfolio development phase. This minimizes the risk of scope creep and ensures completing the project on time and on budget.
The client, the facilities management group of a top university in Illinois, manages approximately 6 million square feet of research, educational, and clinical space. Its responsibilities include planning of projects, construction of new projects or renovation of existing facilities, and managing of day-to-day facility operations. The diversity of its functions, the size of its campus, in addition to recent budgetary cuts all impose many challenges on managing its capital and infrastructure projects.
This multi-objective engagement involved working with the facilities department to develop and implement a standard process for managing over 130 annually approved projects. A comprehensive process map was developed that captures the activities, roles and responsibilities of all project stakeholder at various levels of detail from project conception to activation and closeout. By standardizing the process for project management, expectations for project outcomes are set, roles and responsibilities are defined leading to higher accountability for project participants