EBRD approves financing for Trans-Anatolian Natural Gas Pipeline Project



Bank investment to strengthen Europe’s energy security

18 October 2017 – London, UK – The EBRD Board of Directors has approved a US$ 500 million regional project today that will help finance the delivery of crucial energy supplies from the Caspian Sea through to Europe along the Southern Gas Corridor (SGC) and make an important contribution to energy security and diversification.

The EBRD financing will fund the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) that passes through Turkey. TANAP is a key part of the SGC which will strengthen Europe’s energy security, promote interconnectivity and open gas markets. It will also help provide a better energy supply mix for consumers in the Balkans and south-eastern Europe as well as achieve significant CO2 reductions through the substitution of obsolete coal-fired power plants.

The Bank’s engagement in the project will ensure adherence to the highest environmental standards and allow continuing extensive dialogue with all stakeholders of SGC.

The Southern Gas Corridor includes gas infrastructure investments into a 3,500-kilometre pipeline running through six countries with a total cost of US$ 40 billion. The key components are the Shah Deniz offshore gas field in Azerbaijan, the Southern Caucasus Pipeline in Azerbaijan and Georgia, TANAP in Turkey and the Trans Adriatic Pipeline (TAP) through Greece, Albania and Italy. The initial annual throughput capacity will be up to 16 billion cubic metres, which is equivalent to the annual energy consumption of more than 10 million households in the region.

The European Bank for Reconstruction and Development (EBRD) was established in 1991 to nurture the private sector in Central and Eastern Europe and ex-Soviet countries. The EBRD uses investment to help build market economies and democracies from central Europe to central Asia. Owned by 61 countries and two intergovernmental institutions, the EBRD provides project financing for banks, industries and businesses.  For more information, visit www.ebrd.com

Source: EBRD


Earned Benefit Program Management



New book by Kik Piney provides new benefits-based model for program managemen

15 October 2017 – Florida, USA – Routledge has announced the publication of a new book titled Earned Benefit Program Management, authored by Crispin Piney. Published in October 2017, this new book describes how Earned Benefit Program Management techniques provide an innovative, all-inclusive model and set of tools developed specifically to answer critical program management questions.

The model described in this book consolidates the key concepts of project, program, and portfolio management and ensures that all program and portfolio management steps are carried out based on a single, signed-off model in a consistent, verifiable manner within a consolidated life cycle. This approach guarantees alignment with strategic goals and constraints through every stage of a program.

Case studies highlight the key features of the approach and provide important lessons and insights for managing programs. Although the ideas and concepts for each topic are fully consistent with existing standards and other published material, they are based on new thinking and go beyond current practice. They provide a set of original and powerful techniques that are applicable to both programs and portfolios in a wide range of business environments.

Crispin “Kik” Piney, PMP, PgMP, PfMP has been involved in the project world since joining the IT Group at CERN, the European Laboratory for Particle Physics, in the 1970s, working on cutting-edge development projects. He later moved to the Digital Equipment Corporation (DEC), initially in England, before relocating to DEC’s European technical centre in the south of France. While he was with DEC, Kik gained a deeper understanding of the importance of methodology, business alignment, and stakeholder relationship management.

After the acquisition of DEC by Compaq, Kik left in 2000 and set up as an independent consultant and trainer in project management. He invested enthusiasm, time, and effort working as a volunteer with the Project Management Institute (PMI®) on the majority of their standardization efforts, from the Organizational Project Development Management Maturity Model (OPM3®) through their standards for projects, for programs, and for portfolio management. He also contributed actively to the PMI competency development framework, the lexicon, and the Practice Guide for Scheduling. He is one of the three authors of PMI®’s Practice Guide for Project Risk Management.

For more about this book, go to https://www.routledge.com/Earned-Benefit-Program-Management-Aligning-Realizing-and-Sustaining/Piney/p/book/9781138033122

Routledge is one of the world’s leading academic publishers in the Humanities and Social Sciences. Routledge publishes thousands of books and journals each year, serving scholars, instructors, and professional communities worldwide. Routledge is a member of Taylor & Francis Group, an informa business.  To see Routledge catalogues and titles, go to https://www.routledge.com/. To see their project management titles, click here.

Source: Routledge



Law school student completes PMWL internship in record time



Stefano Castagna completes 16 week project management research internship in under 12 weeks

14 October 2017 – Dallas, USA and Milan, Italy – PM World has announced that Stefano Castagna, a law school graduate of Bocconi University in Italy, has completed the PM World Library’s project management research internship program in less than 12 weeks. Stefano is currently pursuing his LLM in International Business Regulation, Litigation and Arbitration at New York University (NYU) School of Law in New York, USA.

Stefano holds a Law Degree from Bocconi University. During his studies and work abroad, he has worked in the field of transfer pricing and international transactions, and has written in international arbitration and tax. His studies during his MSc degree led him to gain an interest in project management and valuation connected to law-related issues, such as optimisation of time and resources in litigation and arbitration proceedings, and project management of international law and treaty making.

According to PM World Library Director David Pells, “Our library intern program is designed to require 16 weekly submissions of research results. Stefano completed the program in four sprints, delivering four research results together every two or three weeks. He mastered the template and process quickly, focused on project management for attorneys and law firms, and delivered great new resources for the library.”

According to Stefano, “I started the internship program in Milano, but have been in New York for the last eight weeks.  I really liked researching project management related to the legal field, found some interesting resources online, and delivered them as quickly as possible. Some legal cases are big projects and need more formal project management. I now feel better prepared to discuss this topic with other attorneys and potential employers.”

Pells added, “Stefano helped us create an entirely new section in the PMWL devoted to project management in the legal profession, an industry that has recently been embracing professional PM.  I hope our readers will visit the library and find PM in Law in the Industries and Organizations section. Or you can visit Stefano’s intern page in the library to see all his work for us.”

PM World offers virtual project management research internships to university students worldwide who are studying at recognized universities.  Internships offer students an opportunity to research specific program/project management topics, network with other interns, gain visibility, enhance their CVs and contribute to PM World’s dual missions of promoting knowledge sharing and continuous learning. Interns also receive five years of free PMWL membership.  To see participating university interns, go to http://pmworldlibrary.net/university-interns/

See Stefano’s research results at https://pmworldlibrary.net/stefano-castagna/

The PM World Library (PMWL) is a global resource for continuous learning in programme and project management. The PMWL is administered by PM World, which also produces the monthly PM World Journal (PMWJ), a global resource for sharing knowledge related to portfolio, program and project management (P/PM). To see the latest edition of the PMWJ, go to www.pmworldjournal.net.  To learn more, visit www.pmworldlibrary.net


University of Maryland 5th Annual PM Symposium



Share your Project Management Experiences at UMD’s 5th Annual Symposium – Abstract Deadline is November 19th

13 October 2017 – College Park, Md. USA – The University of Maryland’s Project Management Center for Excellence has issued their call for papers and presentations for the 5th Annual University of Maryland Project Management Symposium.  The conference will take place 10-11 May 2018 at the University of Maryland campus in College Park.

Are you ready to share your project management experiences with your peers and participate in the University of Maryland’s Fifth Annual Project Management Symposium as a speaker?

Supporting the theme, “Turning Knowledge into Practice,” project management professionals from the Baltimore-Washington area and abroad will come together to share best practices and lessons learned, plus discover the latest advances in project management.  The 2017 Symposium welcomed its largest-ever audience with more than 330 experts from industry, government, and academe from all areas of the world. The 2018 event should be larger yet.

Individuals and organizations are invited to submit abstracts of papers or presentations to be featured in program sessions for the 2018 symposium. These papers and presentations can be case studies, lessons learned, best practices, research findings or the latest advances in project management.

Requested topics include:

  • Agile/IT
  • Complex Projects
  • Construction Management (including BIM)
  • Disaster Management
  • Education
  • Federal Programs
  • Integrated Program Management
  • People in Projects (Change Management, Conflict Resolution, Motivation, Negotiation)
  • Risk & Big Data
  • Stakeholders
  • Technology in Project Management

If speaking at the event is not of interest, you are encouraged to attend the Symposium instead.  Registration for the event is now open.  For more information on the 2018 event, please visit the University of Maryland’s Project Management Symposium website.

The University of Maryland A. James Clark School of Engineering Project Management Center for Excellence’s mission is to provide high quality, challenging education in project management that encompasses breadth and depth, preparing graduates to be proficient as both contributing members of project teams and excellent project managers, to maintain a strong research program recognized for excellence in project management, and to provide project management training and development services to the University, the profession, and the community at large. Their academic program was the first program in an engineering school to be accredited by the Project Management Institute’s (PMI) Global Accreditation Center. Visit www.pm.umd.edu.

Editor’s note: The UMD campus can be reached by Metro from Washington, DC.  This is a good conference with world-class presentations, educational content and networking opportunities.  The PM World Journal endorses and acts as media partner for this event.



20 new works by 22 authors added to PM World Library



PM World Collection grows to 2332 project management articles, papers & other works by 986 different authors in more than 60 countries

11 October 2017– Dallas, London, Sydney – PM World has announced that 20 new articles, papers and other original works about program and project management (P/PM) have been added to the PM World Library (PMWL) this month.  These contributions by 22 different authors in 12 different countries were published in the October 2017 edition of the PM World Journal (PMWJ).  They can now be found among the most recent papers, articles and book reviews on the PMWL home page at www.pmworldlibrary.net.

The new additions bring the total in the PM World Collection to 2332 original works by 986 different authors in 65+ countries.  The collection is growing each month by 20-30 new works from many different authors; of the 22 authors this month, 6 were new to the journal and library.  Profiles of all authors in the library, along with access to their works, can be found at http://pmworldlibrary.net/author-showcase/.

According to PMWL Director David Pells, “We published fewer works this month than most months.  Nevertheless, some of the articles and paper in the October PMWJ were significant.  The articles by Dalcher, Lehmann, Stretton and Winston are especially important; these are globally respected experts, so don’t bypass their writings.”

New authors in August include Carlie Cornell (USA), Mohaed Ghattas (Egypt/KSA), Robin Hornby (Canada), David Miller (USA), Zakari Tsiga (UK) and Vince Yauger (USA). New works from 16 authors already included in the library were also added.

“The featured papers each month are major works, normally based on significant research,” Pells adds.  “That is true again this month.  We also continue to republish conference papers in the Second Editions category; these are also major works supported by footnotes and references.  Everything in the PMWJ each month, and now in the PMWL, contribute to the global PM body of knowledge.”

The PM World Library (PMWL) is a global resource for continuous learning in portfolio, program and project management (P/PM).  The PMWL is produced and maintained by PM World, Inc. that also publishes the monthly PM World Journal (PMWJ), a digital monthly publication featuring dozens of articles, papers and news stories about projects and project management around the world.  The PMWJ is registered with the US Library of Congress (ISSN: 2330-4480), has been published monthly since August 2012 and is indexed by EBSCO, one of the world’s largest providers of databases to libraries and universities. To see the latest edition of the PMWJ, visit www.pmworldjournal.net; to learn more, visit www.pmworldlibrary.net.

See archives of past editions of the PMWJ at http://pmworldlibrary.net/ppm-journals-and-magazines/

Editor’s note: Access to the PM World Collection, Author Showcase and many other resources in the PM World Library is free. See the Scholar Membership for low cost access to EBSCO databases of thousands of business books, magazines, journals and other publications.  Comments or questions can be emailed to [email protected]



Free PMWL membership for residents of The Philippines


Free full access to PM World Library available to residents of the Philippines and other low income countries around the world

7 October 2017 – Dallas, TX, USA and Manila, Philippines – Residents of the Philippines are offered free memberships in the PM World Library.  Residents of all low income countries, as listed in the World Bank’s listing of low and low middle income countries, can now gain free full access to the PM World Library (PMWL).  See the list of countries for Free Library Access at http://pmworldlibrary.net/free-basic-access/.

According to PMWL Director David Pells, “We are offering free library access to those in many low income countries.  We previously announced free memberships for residents of several low income countries in Africa, Asia, Eastern Europe and Latin America hoping to offer a new resource for project managers in countries under stress or in transition.  We are offering the same opportunity for residents of the Philippines and many other countries.”

The PM World Library contains all original articles, papers and other works published in the PM World Journal since August 2012, along with profiles of all authors of those works.  The library also contains access to professional information, books, journals, websites, public information and many other resources related to projects and project management.  Access to several major EBSCO databases of business books and publications is also provided, which will be of interest to students and researchers in low income countries where access to those databases is either expensive or unavailable.  Visit www.pmworldlibrary.net to learn more.

“While we recognize that project managers and project management professionals are often some of the most educated and highest paid professionals in every country,” Pells continues, “we are committed to global knowledge transfer and have established a policy of offering free memberships to residents of low income countries. We hope the library can provide a useful resource for those working on projects, teaching or learning project management, or growing the PM profession in those countries.”

Those working or living in the Philippines can register for FREE ACCESS to the PMWL at http://pmworldlibrary.net/who-gets-free-basic-access/.  Follow the instructions for residents of low income countries.  If any problems are encountered, contact [email protected]



IPM Day 2017: People, Passion, and Purpose in a Digital Age



14th IIL Virtual Conference set for 2 November 2017

3 October 2017 – New York, USA – The International Institute for Learning (IIL) will host their 14th International Project Management Day (IPM Day) virtual conference on November 2nd, 2017. Gain insights from Project Management experts, practitioners, and influencers around the globe, from the comfort of your desk. Go to https://www.iil.com/international-project-management-day/ for more information or to register.

The theme for this year’s IPM Day is “People, Passion and Purpose in a Digital Age”. Today’s organizations need the right people to lead the charge into the digital frontier. Those people are project managers whose passion and sense of purpose galvanize their teams and stakeholders to bring their very best to every project, every day in pursuit of major change.

IPM Day 2017, IIL’s 14th annual event, encourages attendees to rise to the occasion and make things happen, regardless of their industry. Join other professionals around the globe to learn and share knowledge that will help you advance your career and manage game-changing projects that improve our lives.

IIL is offering a $10 discount for readers of the PM World Journal or members of the PM World Library. Just use discount code “PMWL” when registering. The discount code will be effective for 60 days after the event.

Participants can receive up to 26 PDUs for the low registration fee. Visit the conference website to learn about topics, speakers and benefits.

The International Institute for Learning (IIL) is a global leader in training, consulting, coaching and customized course development, and is proud to be the educational provider of choice for many top global companies. IIL’s core competencies include Project, Program and Portfolio Management, Business Analysis, Microsoft® Project and Project Server, Lean Six Sigma, PRINCE2®, ITIL®, Agile, Leadership and Interpersonal Skills, Corporate Consciousness and Sustainability. For more, visit www.iil.com.



AACE 2018 Annual Meeting in San Diego



Date and location announced, program still under development

18 September 2017 – Morgantown, WV, USA – The 2018 AACE International Annual Meeting will be held at the Grand Manchester Hyatt hotel in San Diego, California during June 24-27.  This is AACE’s largest international event over four days and is now one of the largest project management conferences in the world. To visit the conference website, click here.

The technical program at AACE’s Annual Meeting often represents the best and most current tools and techniques used in industry today covering a wide range of programs and projects. There will be over 100 hours of presentations to choose from over a four day period, organized in a variety of tracks such as: building information modeling; claims and dispute resolution; cost and schedule control; professional development; estimating; earned value management; global projects; IT/IM in project and cost management; owner issues; project management; planning and scheduling; decision and risk management; skills and knowledge of cost engineering; and total cost management.

Founded in 1956, AACE International is a professional society for cost estimators, cost engineers, schedulers, project managers, and project control specialists. AACE International is industry independent, and has members in 78 countries and 71 local sections.  AACE offers a monthly journal, online bookstore, education, library, certification, annual conference, professional development opportunities, employment information, executive search services, member discounts and other benefits.  For more information, visit http://www.aacei.org/.