PROJECT MODEL CREATES COMPANY VALUE¶
PROBLEMOS APRAŠYMAS | PROBLEM DESCRIPTION
There are still many companies & project managers in those companies that are working without a clearly defined project model in place. Unfortunately project managers are quite often immature to understand why a company will be able to achieve higher value by establishing & empowering systematic project model stage-gate approach that push forward companies to the next level in project management & value creation.
KATEGORIJA | CATEGORY
Stage-gate systems | Valdymo etapais praktika
REKOMENDACIJA | RECOMMENDATION
Olga Falejeva completed comprehensive investigation on companies that have project stage-gate model and on those companies that are missing project model. Project stage-gate model presence in the company clearly indicated benefits for company value creation & even for project managers and stakeholders by giving clear guidance on execution, transparency , management expectations & risk mitigation. Here are some aggregated executive recommendations that are identified as a team by author of master thesis : Olga Falejeva & Master thesis supervisor: Artūras Bučinskas.
DEFINE TRANSPARENT PROJECT MODEL : Set up project model that is simple, stage-gate based with clear decisions in place , easy to understand & communicate
INCORPORATE QUALITY : Having the checklist of each model stage as a guidance to complete the necessary deliverables
GIVE AUTHORITY TO GATE-KEEPER: Empower & give authority to experienced person to take gate decisions based on checklist. This enable enhances regular tracking & control of the quality project management execution as well as prevention of possible risks
APPOINT PROJECT MANAGER: The appointment of an official project manager, as it is the main pillar on which project is being implemented & executed. Project manager work with project using stage-gate model as guidance.
MODEL BENEFITS : Project managers will observe short term that it clearly supports them, especially in the context of large-scale or risky projects. It shortens significantly learning-curve for new employees. It is noteworthy to indicate additional value creating aspects of the framework such as easier keeping with the timeline of the project due to clear stages in place, greater project team engagement and smart management involvement.
ŠALTINIS | SOURCE
Master’s thesis: Project Managers Perspective on creating Company Value via Project Management Model
AUTORIUS | AUTHOR
Olga Falejeva