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Strategic Project Management Transformation: Delivering Maximum ROI and Sustainable Business Value

BOOK REVIEW

Book Title: Strategic Project Management Transformation: Delivering Maximum ROI and Sustainable Business Value

Author:    Marc Resch, PMP

Publisher:  J. Ross Publishing

List Price:  $54.95 USD

Format:   Hardcover; 272 pages

Publication Date:  June 2011

ISBN:         9781604270648

Reviewer:   Y. Paul Lee, PMP

Review Date:  June 2012
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Introduction to the Book

In Strategic Project Management Transformation: Delivering Maximum ROI and Sustainable Business Value, author Marc Resch presents the idea of realigning project management processes towards a focus on value creation, attainment and management. The author extends the traditional project management framework by incorporating value management concepts into the fabric of the project management lifecycle. Project value attainment, the author argues, is achieved by strong collaboration between project and operational teams, as maximum benefits from a project often cannot be realized until well into operations. This is because values are created during and after the “traditional” ending of projects.

Integrated with business strategies, the value process is no longer a passive companion but a leading driver towards project management success. This is based on Resch’s introduction of the value-centric project lifecycle methodology, which incorporates value-based business processes and metrics to help guide projects. Furthermore, this methodology redefines the project closeout phase, bringing operations into the process to help realize long-term business benefits instead of the traditional narrow focus of completing projects on time and within budget. The author utilizes many different examples to show how project managers can use value-centric concepts to guide and steer projects that would consistently deliver business values throughout the life of the project and beyond.

Overview of Book’s Structure

The target audience for this book includes all stakeholders who participate in the project lifecycle processes. The key premise of the author’s thesis argues that value creations in a project occur from end-to-end. Everyone involved in the project contributes to the value creation and attainment processes. As such, this book largely follows the traditional project management lifecycle processes (similar to the PMBOK process flow) with the book chapters aligning with the different project management process groups and knowledge areas. It opens with strategic planning and project initialization, then planning, execution, monitoring and control, and a conclusion. With the project management lifecycle framework as the basis, the author introduces and incorporates value centric concepts and ideas into each lifecycle phase.

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About the Reviewer

Y. Paul Lee, PMP

Y. Paul Lee is a Project Engineer at the Space Telescope Science Institute in the United States with 20 years of experience working on NASA flagship missions: the Hubble Space Telescope and its successor, the James Webb Space Telescope.  He is currently a PhD student in the Project Management Program, A. James Clark School of Engineering, University of Maryland, College Park, Maryland, USA.

Editor’s note:  This book review is the result of cooperation between publishers, PM World and the Project Management Center For Excellence at the University of Maryland (www.pm.umd.edu) in the United States.  Publishers provide books to PM World, books are delivered to the university where they are given to graduate students or alumni for review.  Each reviewer provides a book review in a standard format; the reviews are then published in the PM World Journal and PM World Library.  Since reviewers are generally mid-career professionals, they represent the intended audience for most PM books.  If you are an author or publisher of a book related to program or project management, and would like the book reviewed through this program, please contact [email protected]