|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
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.
can be downloaded.