PMI UK Chapter

PMI UK Webinar: Making Sense of Value. 28th May 2020

PMI UK Webinar: Making Sense of Value. 28th May 2020

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PMI UK Webinar

Making Sense of Value

28th May 2020 at 12 pm

 

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Main Speaker: Michel Thiry

The PMBOK Guide 7th Edition Exposure Draft is built around a Value Delivery System, of which projects are a fundamental component. Value is the foundation of successful change initiatives which include strategic initiatives, programs, projects, innovation and continuous improvement.

Value can be defined as a ratio between the alignment with stakeholders’ expected benefits and the achievability of the proposed solutions. The Value ratio is also the basis for business analysis techniques like the ROI (Return vs Investment), NPV (Net Present Value) SWOT analysis, and the project management’s Scope and Quality vs Time and Cost. Value management is also strongly linked to creativity and innovativeness which are essential in today’s VUCA (Volatile, Uncertain, Complex and Ambiguous) context.

To support this approach, Benefits Realization Management (Alignment) will be considered as one aspect of the value ratio and Risk Optimization (or Achievability) as the other aspect of that ratio. We will discuss how:

  • Benefits must be identified, agreed, delivered and sustained.
  • Risks thresholds, or overall risk, define the achievability of a change initiative.
  • Value integrates both concepts to give managers a means to identify the solutions that will align best with the organization’s strategy and offer the best achievability factor: The Value Index.

The presentation will show how to calculate the value index and use it to prioritise change initiatives, not only on their alignment to objectives, but also on their achievability, or overall risk. Thus enabling , sponsors, portfolio, program and project managers to define, measure and deliver value to the business.

Event Properties

Event Date 28-05-2020 12:00 pm
Event End Date 28-05-2020 1:00 pm
Cut off date 28-05-2020 11:30 am
Individual Price Free
No. of Strategic PDUs 0.75
No. of Technical PDUs 0.25

Speakers

Michel THIRY, PhD, FAPM, PMI Fellow

Author, Keynote Speaker, Managing Partner Valense Ltd., Organizational Architects.

Michel has an extensive worldwide experience and has worked in many cultural environments. He is recognized as a worldwide authority in strategic applications of project, program and value at organizational level and has supported the development and implementation of numerous strategic programs for major corporations in various fields. He has written and lectured widely and been invited to sit on expert panels in international Academic and Practitioner forums. He is the author of “A Framework for Value Management Practice” and of the best-seller “Program Management”. He is currently preparing a book “Making Sense of Value” to be published in 2021. He regularly delivers seminars and workshops in Value and Programme management. In 2006 he was elected PMI Fellow. In 2008, he was awarded a Life Achievement Award by the Canadian Society of Value Analysis and in 2014, he was awarded the PMI Eric Jenett Project Management Excellence Award.