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Benefits Realization Management: A Practice Guide

 

PM PUBLISHING NEWS

New BRM guide joins PMI family of program and project management standards

16 January 2019 – Philadelphia, PA, USA – The Project Management Institute (PMI®) has announced the publication of Benefits Realization Management: A Practice Guide. As with all PMI standards and publications, this practice guide aligns with PMI’s A Guide to the Project Management Body of Knowledge (PMBOK Guide)® – Sixth Edition; The Standard for Program Management – Fourth Edition; and The Standard for Portfolio Management – Fourth Edition.

According to the PMI summary:  Benefits realization is the common thread that runs from organizational strategy through project deliverables that contribute benefits. Yet, according to PMI’s 2018 Pulse of the Profession Report: Success in Disruptive Times, only one in three organizations reports high benefits realization maturity.

This practice guide provides a comprehensive look at the topic of benefits realization in portfolio, program, and project management and will help you tackle this important topic and drive more successful outcomes and better strategic alignment in your organization.  Inside this practice guide you will find:

  • Standardized definitions for benefits realization, benefits realization management and associated benefits realization terms.
  • The core principles of benefits realization.
  • The benefits realization management life cycle from organizational mission, vision, and strategy through project deliverables and success measurement, and how it contributes to the expected benefits and value that the organization intends to realize.
  • A framework and guidance to help practitioners manage benefits realization in organizational project management and portfolio, program, and project management.

To learn more about this book, click here.

The Project Management Institute (PMI®) is the world’s largest project management member association, representing more than one million practitioners in more than 200 countries. PMI advances the profession through global standards, credentials, chapters, virtual communities, academic research, events and publications. To see the latest books and standards from PMI, visit http://marketplace.pmi.org.

PMI members receive discounted pricing on all PMI products.

Source: Project Management Institute

 

 

Turning Knowledge into Practice

 

FUTURE PM EVENT NEWS

Registration Open for University of Maryland’s 6th Annual Project Management Symposium in May 2019 – The Washington DC area’s major PM conference

11 January 2019 – College Park, Md. USA – The University of Maryland’s Project Management Center for Excellence will hold its 6th Annual University of Maryland Project Management Symposium during 9-10 May 2019.  Held at the University of Maryland campus in College Park, Maryland, this is THE major project management conference in the Washington, DC area and one of the largest in the Eastern United States.  Registration is open at https://pmsymposium.umd.edu/pm2019/

Supporting the theme, “Turning Knowledge into Practice,” project management professionals from the Baltimore-Washington, DC area and abroad will come together to share best practices and lessons learned, plus discover the latest advances in project management.  The 2018 Symposium welcomed an audience of more than 400 experts from industry, government, and academe. The 2019 event should be larger yet.

2019 Keynote Presentations


Eric Letvin
, Deputy Assistant Administrator, Mitigation Federal Emergency Management Agency.

Presentation Title: Opportunities for Resiliency in the Pre- and Post-Disaster Environment

 


Jack Moran,
Manager, Virtual Design & Construction (VDC) Services.

Presentation Title: National Air and Space Museum BIM

 

 


Wanda Peters
, Deputy Director for Planning and Business Management in the Flight Projects Directorate (FPD).

Presentation Title: Performance Management – Should We Manage to a Single Data Point? A NASA/Goddard Space Flight Center Perspective

 


Karen Richey
, Senior Lecturer, Naval Postgraduate School; previously: Assistant Director, Applied Research and Methods, U.S. Government Accountability Office (GAO).

Presentation Title: U.S. Government Accountability Office Best Practice Guides.

 


Elyse Roeser
, Senior Project Manager, Clark Construction Group, LLC. (pictured left)

Presentation Title: Building the U.S. Coast Guard Headquarters on a National Historic Landmark.

 

Session Topics for 2019

  • Agile / IT Project Management
  • Construction Management (including BIM)
  • Disaster Resilience
  • Enterprise Project Management Offices
  • Federal Programs
  • Integrated Program Management
  • People in Projects
  • Change Management
  • Risks and Big Data
  • Stakeholder Management

Project management practitioners and professionals in the Washington, DC area are encouraged to attend this world class symposium.  Registration for the event is now open.  For more information, 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.

 

 

Why Attend the UT Dallas PM Symposium?

 

FUTURE PM EVENTS

Premier project management event in North Texas scheduled for May 2019

1 January 2019 – Richardson, TX, USA – The 13th annual University of Texas at Dallas (UT Dallas) PM Symposium will be held during 21-22 May 2019 in the Naveen Jindal School of Management on the UT Dallas campus in Richardson, Texas, USA (just north of Dallas). This annual symposium has become the premier project management conference for organizations and professionals in North Texas, a world-class event held  in May on The UT Dallas campus in Richardson, Texas, USA.

The annual UT Dallas PM Symposium is a traditional project management conference with outstanding keynote speakers, excellent professional paper presentations, stimulating panel discussions, lunches and coffee breaks, and a networking reception.  The two-day conference focuses each year on topics relevant to industries in North Texas, including energy, healthcare, information technology, local government and others – and it’s priced lower than most other project management conference.

Benefits for Presenters

  • Earn Many PDUs – Earn 20+ PDUs for preparing a paper, making a presentation and attending the full symposium (at no cost)
  • Recognition/Visibility – Paper presenters are featured in the symposium brochure, on posters outside session rooms and on the website
  • Authorship – Add a paper or poster presentation to your resume; authoring papers is a common and significant addition to one’s professional qualifications
  • Reputation – Share knowledge or experience; gain or add to your reputation as an expert in your industry or area of PM application
  • Experience – Gain valuable speaking and presentation experience in a friendly but professional environment, on stage at a world class university
  • Attend Free – Paper presenters attend free; gain all of the benefits for attendees and employers (see below) at no out-of-pockets costs

To see the official call for papers and presentation guidelines, click here

Note: the call for papers ends 14 January 2019

Benefits for Attendees

  • Earn PDUs – Earn up to 13 PDUs to help maintain your PMP© or other PMI certification; presenters can earn even more (see the call for papers).
  • Learn – Gain valuable new skills from experienced industry professionals and experts; every presentation includes learning objectives and outcomes.
  • Grow – Be challenged to think outside the box, learn about new topics and trends, discuss issues with peers, take your skills to the next level.
  • Network – Meet authors, mentors, recruiters, teachers and others who can help advance your career.
  • Find Inspiration – Keynote speakers are chosen for their expertise, experience, passion and ability to inspire; learn, get excited, have fun!

Benefits for Employers

  • Value – For a small investment, employees can acquire a wealth of project management information and knowledge that can be applied on the job immediately.
  • Employee Development – Arm your project managers with the latest methods for managing projects of various sizes and complexity.
  • Skill Enhancement – Employees can share lessons learned with colleagues, learn new skills; multiple employees can split up, attend different sessions and maximize organizational learning.
  • Competitive Advantage – Ensure that your project managers and teams can deliver new products and services to customers and stakeholders as well as or better than your competitors – through excellent project management
  • Community Involvement – Attendance can provide your employees and the company the chance to engage with the university and local PMI chapter.
  • Enhanced reputation – Be perceived as an innovative and forward thinking organization by learning and implementing the latest PM best practices.

If you are a project manager or project management professional living in Texas or nearby states, plan to attend this world class symposium. If you employ project and program management leaders, send them to this world-class event.  It’s local and a fraction of the cost of attending or sending staff to distant events.

See this year’s conference agenda and speakers on the conference website.

To visit the UT Dallas PM Symposium website, click here.

For additional information, contact [email protected].

The annual UT Dallas PM Symposium is organized by the Project Management Program in the Naveen Jindal School of Management at The UT Dallas, in partnership with the PMI Dallas Chapter and the PM World Journal.

The Project Management Program at The UT Dallas provides application-oriented education for professionals with significant project, program or general management responsibilities. Established in the Executive Education Center in UT Dallas’ Naveen Jindal School of Management, students can earn a Graduate Certificate in Project Management, a Master of Science degree with an emphasis in project management, or a Master of Business Administration (MBA) degree with project management emphasis.  UT Dallas PM program, originally developed in 1997, is accredited by the Project Management Institute (PMI®) and is registered with the PMI Registered Education Provider Program (PMI R.E.P.). For more information, visit project.utdallas.edu.

The PMI Dallas Chapter is a volunteer-based professional association dedicated to supporting the growth and development of project management practitioners, as well as building awareness of the project management discipline and its critical role in business and organization success. With more than 400,000 members in over 200 countries, the Project Management Institute (PMI®) is the world’s largest membership association for project management. Founded in 1984 and with over 4,000 members, the PMI Dallas Chapter is one of the world’s largest PMI components.  To learn more, visit www.pmidallas.org

The PM World Journal (PMWJ) is a web-based monthly publication featuring dozens of articles, papers and news stories about projects and project management around the world. The PMWJ is produced by PM World which also maintains the PM World Library (PMWL), a global resource for continuous learning in programme and project management.  To read the latest edition, go to www.pmworldjournal.net; to learn more, visit www.pmworldlibrary.net.

 

 

Wideman PM Website updates announced for January 2019

 

PM EDUCATION NEWS

1 January 2019 – Ontario, Canada – Max Wideman has announced updates to his popular and educational project management website, www.maxwideman.com.  According to Max:

This month we have the following additions:

PapersProject Management Body of Knowledge Revisited – Part 2. Having established the structure of a PMBOK, the next challenge was to describe the typical social environment in which projects take place, whatever the area of PM application may be. Hence this Paper covers topics such as: PMBOK Standards, Basic functional divisions, the project life cycle, and other essential functional capabilities, as seen back in 1986-7.

Musings — In this Musings I dig a little deeper in A Look Back at the Original (PMBOK) Framework – Part 2 to examine the impact and dangers of trying to represent the art of project management solely in terms of processes. The current PMBOK Guide describes in some detail around forty to fifty project management processes that may, or may not, all be useful in successfully managing a project. As a result, I have also identified some serious short comings, ripe for correction.

If you are looking for answers, guidelines or templates, check out Max’s Issacons – “Issues and Considerations” – that are presented in bullet form for quick and easy reference by project managers.

Have you seen Max’s book A Management Framework for Project, Program and Portfolio Integration?  For information or to order a copy, visit http://www.maxwideman.com/papers/framework_book/intro.htm.  Do you have a project management question? Find the answer at: http://www.maxwideman.com.

Max Wideman is one of the world’s best-known project management authorities. An engineer and professional project manager, his experience includes systems, social and environmental projects, as well as design and engineering projects. He is a Fellow of the Project Management Institute, of which he is past president and chairman and for which he led the development of the 1987 version of the Project Management Body of Knowledge. He is also a Fellow of the Institution of Civil Engineers (UK), the Engineering Institute of Canada, and the Canadian Society of Civil Engineering.

His personal web site at http://www.maxwideman.com is a source of superior project management knowledge and information. It is free to the public.

 

Project Management in a VUCA World

 

CALL FOR PAPERS

Final Call for Papers for 13th UT Dallas Project Management Symposium

25 December 2018 – Richardson, TX, USA – The 13th annual University of Texas at Dallas (UT Dallas) PM Symposium will be held during 21-22 May 2019 in the Naveen Jindal School of Management on the UT Dallas campus in Richardson, Texas, USA (just north of Dallas).  This is the premier project management conference for organizations and professionals in North Texas, so consider presenting a paper and mark your calendars to attend.

The two-day symposium is sponsored by the Graduate Program in Project Management at UT Dallas, in cooperation with the PMI Dallas Chapter and the PM World Journal.  The annual 2-day project management conference focuses each year on topics relevant to industries in North Texas, including energy, healthcare, information technology, telecommunications, local government and others.  The 12th UT Project management Symposium attracted 400+ participants and was successfully concluded during May 17-18, 2018.  More information on the conference website.

The theme of the 2019 symposium is “Project Management in a VUCA World”.  The call for papers ends on 14th January, so now is the time to submit a proposal and abstract for a paper or poster presentation.  Potential topics include:

  • Innovative or new project/program management approaches and techniques
  • Project management during crisis
  • Opportunities during disruption
  • Team collaboration and virtual teams
  • Agility, dealing with change, flexibility
  • Cyber security for project managers and teams
  • Digital transformation of project management processes
  • Portfolio management and governance
  • Case studies and lessons learned
  • VUCA impact on stakeholders
  • Minimizing complexity, maximizing value

To see the official call for papers and presentation guidelines, click here

This is a traditional PM conference with papers and presentations selected through a blind-review process, offering opportunities for PM practitioners, experts and researchers to get published and present their work to their peers. Unlike most conferences, paper presenters attend for free. It’s also reasonably priced. See keynote presentations, papers and photos from previous years on the conference website.

As it is each year, the 2019 symposium will be held in world-class facilities in the Naveen Jindal School of Management on The UT Dallas campus in Richardson, Texas, USA.  The event will include keynote speakers, professional paper presentations, panel discussions, lunches and coffee breaks, a networking reception and door prizes.   Attendees can receive up to 13 PDUs for attending, while paper presenters can receive more. If you are a project manager or project management professional living in Texas or nearby states, plan to attend this world class symposium. For additional information or with questions contact [email protected] or visit the UTD symposium website here.

The annual UT Dallas PM Symposium is organized by the Project Management Program in the Naveen Jindal School of Management at The UT Dallas, in partnership with the PMI Dallas Chapter and the PM World Journal.

The Project Management Program at The UT Dallas provides application-oriented education for professionals with significant project, program or general management responsibilities. Established in the Executive Education Center in UT Dallas’ Naveen Jindal School of Management, students can earn a Graduate Certificate in Project Management, a Master of Science degree with an emphasis in project management, or a Master of Business Administration (MBA) degree with project management emphasis.  UT Dallas PM program, originally developed in 1997, is accredited by the Project Management Institute (PMI®) and is registered with the PMI Registered Education Provider Program (PMI R.E.P.). For more information, visit project.utdallas.edu.

The PMI Dallas Chapter is a volunteer-based professional association dedicated to supporting the growth and development of project management practitioners, as well as building awareness of the project management discipline and its critical role in business and organization success. With more than 400,000 members in over 200 countries, the Project Management Institute (PMI®) is the world’s largest membership association for project management. Founded in 1984 and with over 4,000 members, the PMI Dallas Chapter is one of the world’s largest PMI components.  To learn more, visit www.pmidallas.org

The PM World Journal (PMWJ) is a web-based monthly publication featuring dozens of articles, papers and news stories about projects and project management around the world. The PMWJ is produced by PM World which also maintains the PM World Library (PMWL), a global resource for continuous learning in programme and project management.  To read the latest edition, go to www.pmworldjournal.net; to learn more, visit www.pmworldlibrary.net.

 

 

SKEMA doctoral student appointed first PMWL Research Scholar

 

PM PEOPLE & RESEARCH NEWS

Lucky Edjenekpo researches the use of EVM in Nigerian and African projects

19 December 2018 – Dallas, London, Sydney – PM World has announced that Lucky Edjenekpo has become the first participant in the PM World Library’s research scholar program.  Lucky is currently residing in Warri, Nigeria while pursuing a doctoral degree through SKEMA Business School in France.

Lucky Enajite Edjenekpo, CCP, PMP is an oil and gas professional with over 25 years’ experience in project management and operations management. He is currently serving as a volunteer project manager with Project Managers without Borders (PMWB), working out of Nigeria, when the opportunity arises. He engages in independent research work, pro bono consulting and volunteering.

Lucky holds a bachelor’s degree in Mechanical Engineering and a master’s degree in Engineering Management from the University of Benin (UNIBEN), Nigeria, an MBA in leadership and sustainability from the University of Cumbria, UK, and is currently undertaking study of project and program management at the doctoral level at Skema Business School, Lille, France.

Lucky is a Certified Cost Professional (CCP), and Project Management Professional (PMP) driven by passion to advance project management practice delivery. He currently lives in Warri, Nigeria. The subject of his research is “Project Delivery in Nigeria: Using Earned Value Management to Improve Project Performance.”  To learn more about his research and to follow his progress, go to https://pmworldlibrary.net/lucky-edjenekpo/

Announced in November 2018, the research scholar program offers free access to the PMWL to qualified scholars who are conducting research on important P/PM topics. Candidates are expected to be PhD or doctoral level students, those recently granted PhD or doctoral degrees, or professors of project management. Participating scholars will be encouraged to post their research results in the PMWL and to help expand the resources in the library related to her or his research topic.  This program will provide project management researchers with additional visibility, resources and support. To learn more, visit https://pmworldlibrary.net/research-scholars/

The PM World Library (PMWL) is a global resource for continuous learning in program and project management (P/PM).  The PMWL is produced and maintained by PM World in the United States which also publishes the monthly PM World Journal (PMWJ), a web-based publication featuring dozens of articles, papers and news stories about projects and project management around the world.  Contents of the PMWJ and PMWL are created by experts, practitioners and scholars worldwide.  To learn more, visit www.pmworldlibrary.net and www.pmworldjournal.net.

 

 

Call for Participation for 13th UT Dallas Project Management Symposium

 

PM EVENT NEWS

Opportunities for both paper and poster presentations offered for 2019 project management conference in north Texas

20 October 2018 – Richardson, TX, USA – The University of Texas at Dallas (UT Dallas) has issued a call for participation for their 2019 Project Management Symposium. The 13th UT Dallas PM Symposium, under the theme “Project Management in a VUCA World”, will be held during 21-22 May 2019 in the Naveen Jindal School of Management on the UT Dallas campus in Richardson, Texas, USA (just north of Dallas).  This is the premier project management conference for organizations and professionals in North Texas, so mark your calendars.

The term VUCA was coined by the U.S. Army War College to describe the volatility, uncertainty, complexity and ambiguity of the world after the Cold War. VUCA has taken root in the corporate world to express emerging ideas in strategy, leadership and vision. The relevance of VUCA today relates to how people view the conditions under which they make decisions, manage risks, plan for the future and solve problems.

Important Dates

Proposals due January 14, 2019
Selections will be announced by February 15, 2019

Proposal Formats

Proposals are sought for presentation in the following formats:

Research Papers

  • Paper submitted
  • 45-minute presentation with 15-minute Q&A

Poster Session

  • Poster submitted
  • One-hour presentation

Topics

Of greatest interest are new ideas, concepts and experiences associated with the following topics:

  • Case studies and lessons learned
  • Change Management
  • Project management during crisis
  • Agility
  • Opportunities during disruption
  • Team collaboration and virtual teams
  • Cyber security
  • Project management’s impact on the bottom line
  • Innovative or new project/program management approaches and techniques
  • Digital transformation of PM processes
  • Portfolio management and governance
  • Case studies and lessons learned
  • Entrepreneurial project management
  • VUCA impact on stakeholders
  • Minimizing complexity, maximizing value

To see full Call for Participation, click here.

For more information or to submit a proposal, click here.

The two-day symposium is sponsored by the Graduate Program in Project Management at UT Dallas, in cooperation with the PMI Dallas Chapter and the PM World Journal.  The annual 2-day project management conference focuses each year on topics relevant to industries in North Texas, including energy, healthcare, information technology, telecommunications, local government and others.  The 2019 UT PM Symposium is expected to attract 400+ participants.  More information on the conference website.

This is a traditional PM conference with papers and presentations selected through a blind-review process, offering opportunities for PM practitioners, experts and researchers to get published and present their work to their peers. Unlike most conferences, paper presenters attend for free. It’s also reasonably priced. See keynote presentations and papers from previous years on the conference website.

As it is each year, the 2019 symposium will be held in world-class facilities in the Naveen Jindal School of Management on The UT Dallas campus in Richardson, Texas, USA.  The event will include keynote speakers, professional paper and poster presentations, interactive sessions, lunches and coffee breaks, and a networking reception.   Attendees can receive up to 13 PDUs for attending, while paper presenters can receive far more. If you are a project manager or project management professional living in Texas or nearby states, plan to attend this world class symposium. For additional information or with questions contact [email protected] or visit the UTD symposium website here.

The Project Management Program at The UT Dallas provides application-oriented education for professionals with significant project, program or general management responsibilities. Established in the Executive Education Center in UT Dallas’ Naveen Jindal School of Management, students can earn a Graduate Certificate in Project Management, a Master of Science degree with an emphasis in project management, or a Master of Business Administration (MBA) degree with project management emphasis.  UT Dallas PM program, originally developed in 1997, is accredited by the Project Management Institute (PMI®) and is registered with the PMI Registered Education Provider Program (PMI R.E.P.). For more information, visit project.utdallas.edu.

The PMI Dallas Chapter is a volunteer-based professional association dedicated to supporting the growth and development of project management practitioners, as well as building awareness of the project management discipline and its critical role in business and organization success. With more than 400,000 members in over 200 countries, the Project Management Institute (PMI®) is the world’s largest membership association for project management. Founded in 1984 and with over 4,000 members, the PMI Dallas Chapter is one of the world’s largest PMI components.  To learn more, visit www.pmidallas.org

The PM World Journal (PMWJ) is a web-based monthly publication featuring dozens of articles, papers and news stories about projects and project management around the world. The PMWJ is produced by PM World which also maintains the PM World Library (PMWL), a global resource for continuous learning in programme and project management.  To read the latest edition of the PMWJ, go to www.pmworldjournal.net.  To learn more, visit www.pmworldlibrary.net.