16Oct2012
February 17, 2009 Pines Manor Edison
Essential Business Case Skills for Project Managers
PDP Information:
Program Number: C020-17022009
Program Title: "Essential Business Case Skills for Project Managers" 
PDUs: 1.5 
Category Type: 3 
Subject Areas 
Knowledge: 10 
Process: 06
Application/Specific Interest Groups: 30 
Activity Sponsor: NJ/PMI Chapter
Joseph A. Lukas

Attend this presentation and learn how to improve your business case skills and expand your role to include Business Manager.  A Project Manager who also has business skills and takes the initiative to work with the client in defining and managing the project business case greatly increases his value to the client.  This talk will delve into some key concepts in establishing and managing the business case including value achievement, which is ensuring benefits are realized after project completion.

This presentation will start by reviewing the common reasons organizations carry out projects.  The time value of money and common compound interest formulas will then be covered along with interest rate tables.  Financial analysis techniques will then be reviewed, including Net Present Value (NPV), Return on Investment (ROI), Internal Rate of Return (IRR) and Payback. Examples will be presented using a simple Excel workbook developed for people who are not familiar with the use of formulas.  This workbook will be made available to members of the NJ PMI Chapter. 

The presentation will then explore typical quantitative and qualitative benefits used to justify projects and discuss the pitfalls in basing the project justification solely on qualitative benefits.  The talk will also discuss the importance of working with the client to define both product and project success criteria; two actual project examples will be reviewed.  The presentation will finish with some suggestions on ensuring and auditing for value achievement after project completion.

Joe Lukas has been involved in project management for over 30 years.  His jobs span engineering, manufacturing, construction, project controls, estimating, contracting and both Program and Project Management.  His project experience includes information systems, product development, capital construction and manufacturing.  Joe joined PMI in 1986 and has held many Chapter Board positions in Rochester, NY including two terms as President.  He is a registered Professional Engineer, Project Management Professional and Certified Cost Engineer.  He is currently Vice-President for PMCentersUSA, which delivers complete solutions in project management, business analysis and business process through consulting services and online, public and private training.  Joe also teaches and consults for PMCentersUSA clients and has written over 30 articles on project management topics.

Joe's handout can be downloaded.

Networking Program:

Networking well is an art.  Participate in a facilitated session of networking.  We continue with our fast-paced program to Teach networking, expose you to career/business Opportunities and then allow you to Practice what you have learned.  Whether you are looking to land your next job, advance your current career or simply meet new people, mastering the art of networking is very important.  Come and practice your networking skills!

Robert Cranston's handout can be downloaded.

                                                                                                                                                           

Updated: 17May09