Professional Documents
Culture Documents
Vision
- What are we going to be?
- The desired end state
The best way to predict the future is to invent it ... The future is not laid out on a track. It is something that we can decide, and to the extent that we do not violate any
known laws of the universe, we can probably make it work the way that we want to…. “Inventing the Future", Alan Kay
Vision
• Business value is the net quantifiable benefit derived from
a business endeavour
• Expressed as a sum of all of tangible and intangible assets
of the organisation
• Organisations move closer to vision by increasing business
value
• Most commercial organisations express business value in
monetary terms
Organisation types:
Business value
gained by
Do the initiatives in a Right way to
meet the steps
Changes are
created by
Organizations use portfolios, programs, and projects to increase business value to reach vision
SPMv4 Sec 1.5, Sec 2.3
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Portfolios
“Projects, Programs, sub-portfolios, and Operations managed as a group to achieve strategic objectives”. The projects or
programs within a portfolio may not necessarily be interdependent or directly related. Portfolio selects right
projects/programs to meet strategic objectives as per the organisation capability
Organization
Sub-portfolios
Sub-portfolios
Operations Programs
Sub-portfolios Project Programs
Programs
#n
Sub-Project
Sub-Project
Sub-Project
Sub-programs Operations
Operational Projects
Operations Projects
Projects
work
Operational Projects
SPMv4 Sec 1.2.2 work
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PMI Definitions:
Portfolio / Program / Project / Operations
Product,
Project: Unique – For the first time Service,
or Result
Operations
1. traffic
2. Reduced commute time ( 1 hr to 30 mins)
3. LesReduces the s fuel
4. Space optimisation
5. Improved economy – Geneate new employment
6. Less traffic jam
7. Reduced accidents
8. Touristic attraction
Projects
1. Construction (multiple projects)
2. Land acquisition
3. Traffic mgmt. system
4. Lightings
5. Emergency readiness
6. Toll gate and flow
7. Awareness on google map
8. DLP (Defect Liability Period)
Power-Based Learning-based
Methods Methods
knowable(medium) to unknown(high)
Ambiguity
(Portfolios) (Programs)
Uncertainty
Known Knowable Unknown
Ambiguity:
Administration based Performance based
Methods Methods • Characterized by number of possible solutions and not
Low
“I have not failed. I have found 100 ways of that don’t work !!”
- Thomas Alva Edison
Source: “Program Management “ by Michel Thiry, Ref: SPMv4, Sec 1.2, Sec 1.7.1
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Uncertainty - Everywhere
Strategic Objectives:
• 20% Increased profit margin by 2022
• 10% increased market coverage by 2024 Other projects and programs
• Be a top-10 technological leader in home automation products
Program objective:
Develop an AI powered home assistant by 2021 to contribute 5% profit to the overall objective
Benefits: • 40% profits (100M -> 140M)
• Creates a market for other
Technology advancements products
Planned funds not available • Builds org capability for similar
products in future (people,
Changing complexity process …)
Components with many processes Organisation priorities (CSFs),
Strategies change Merger / Acquisition
Program Benefits
Shift in consumer behaviour
Change in Resources availability
Frequent
Requirements change Compliance change …………………
Staff skill
Increased competition level changes Stakeholder turn-over
To manage opportunities and threats and to deliver benefits, program components may be pursued in an iterative, non-sequential manner
❑ 3. Your manager has requested you to develop and ❑ 4. You are completing as a program manager for a
implement faster sales order processing through 150 program aimed to improve employee retention. As
sales offices across the organisation. You choose to go a result, employee retention is increased. There is
with a criticism that improvement is not because of
program, but because employees are not finding
other alternatives in the market. This has surfaced
A. Project because
B. Program
C. Operations
A. Programs do not have methods to showcase its
D. Portfolio achievements
B. It is difficult to establish cause-effect relationship
in a high level of uncertainty.
C. All Programs fail to achieve their objectives
D. You can’t establish success criteria for programs
Program
Subsidiary Program
Project
Also called as sub-programs, are programs
A temporary endeavours undertaken to
sponsored and conducted to pursue a
create a unique product, service or result,
subset of goals important to the primary
as described in the PMI-PMBOK
program Components
Partners
Program Manager
End users
Program Team
Society/Public
Program (Finance, procurement, HR, BA, Quality …)
Competitors
Program Steering Committee
Vendors
Legal/ Regulatory PgMO (PMO)
Q1: What is the difference between a stakeholder and a key stakeholder and a primary stakeholder or an important stakeholder?
Q1: Can a program have more than one sponsor ?
❑1. Recently, because of the heavy work demanded by the program, you are coming home late quite often,
and your family is not happy about it. You need to
❑ 9. I am overseeing a medical project that involves installation of several medical equipment (like X-rays, Cathlab,
CT, MRI, Endoscopy units, Operating theatres etc) within the same hospital building. Each of these installations are
projects in their own rights.. Also, in the course of these installations, I interface with Mechanical, Electrical and
Plumbing (MEP) contractors to integrate these installations with the Bio-medical needs.
Furthermore, I am overseeing a similar project in another location simultaneously with this and using the same
(engineering) resource in other location.
How do I should classify this work?
A. Portfolio
Program: Perfecting the installation procedure
B. Project Project: Integrated system of medical equipment with bio medical needs
C. Program
Portfolio: Effiicent use of resources for maximized returns
D. Operations
❑ 1. You are reviewing program dashboard with your ❑ 2. Recently because of the heavy work, you are
director. He suggest you to add additional coming home late quite often, and your family is
information into the dashboard, that was not not happy about it. You need to
present in the current dashboard template. So you
decided to
A. Care about their concerns as they are program
stakeholders
A. Add a new section in the dashboard and provide B. Care about their concerns as they are program
information key stakeholders
B. Apologise and deny additional information to C. Not worry about their concerns as they are not
director saying that it is not part of the template program stakeholders
C. Send additional information by mail along with D. Not worry about their concerns as it doesn’t
the dashboard you follow affect the program anyway
D. Consult your PMO for next steps
Answer: Option-D:
Answer: Option-B:
❑ 3. Your manager has requested you to develop and ❑ 4. You are completing as a program manager for a
implement faster sales order processing through 150 program aimed to improve employee retention. As
sales offices across the organisation. You choose to go a result, employee retention is increased. There is
with a criticism that improvement is not because of
program, but because employees are not finding
other alternatives in the market. This has surfaced
A. Project because
B. Program
C. Operations
A. Programs do not have methods to showcase its
D. Portfolio achievements
B. It is difficult to establish cause-effect relationship
in a high level of uncertainty.
Answer: More appropriate is Option-B C. All Programs fail to achieve their objectives
D. You can’t establish success criteria for programs
Answer: Option-B
❑ 9. I am overseeing a medical project that involves installation of several medical equipment (like X-rays, Cathlab,
CT, MRI, Endoscopy units, Operating theatres etc) within the same hospital building. Each of these installations are
projects in their own rights..Also, in the course of these installations, I interface with Mechanical, Electrical and
Plumbing (MEP) contractors to integrate these installations with the Bio-medical needs.
Furthermore, I am overseeing a similar project in another location simultaneously with this and using the same
(engineering) resource in other location.
How do I should classify this work?
A. Portfolio
B. Project
C. Program
D. Operations
❑ 9. Your program is initiated to derive multiple benefits. Some of them are tangible and some are intangible. How
do you calculate the overall benefits?
Convert the above into monetary terms to arrive at increased business value due to the program:
Mission
Operational • Ensure compliance
• Quality through lesson learnt
excellence • Maintain alignment across depts
• Increased automation
Result Areas Strategies Strategic objectives (SO): Strategy implementation through roadmap Vision
Program Objectives:
• Reduce the travel time between City-A and City-D by 50% ( 1 hour to 30 mins) which help improve economy by 5%
Opening Gate Review -1 Gate Review -1 Gate Review -1 Gate Review -1 Closing Gate Review -1
A B C D
Question: You are leading a work to reduce the travel time between City-A and City-D. So you plan to build highway. Work
is expected to last for 4 years with overall budget allocation of 100 M.
What uncertain event or conditions you expect and how you see this as a program?
To manage opportunities and threats and to deliver benefits, program components may be pursued in an iterative, non-sequential manner
Coaching
Collaborative Facilitation Performance measurement
Program Manager
Time management
Contigency planning
Business ethics
…
Political
Mentoring
Project management Planning Management techniques
Program Objectives:
• Enhance security level of all client transactions with 3D security standards before 2023 across the globe
A group of related projects, subprograms, and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually
Program Objectives:
• Develop and monetise the hybrid battery as an enabler for the mass market
Marketing firm
(working on a
volume
Partner-1 commission) Investing
Concept/proto company ( 60%)
type Decision making: Voting as per their share strength
Program
management
services Manufacturer
Electronics: company (20%)
Charge
controller
Applications Procurement
- Solar lantern, company ( gel,
toys, portable case,
devices electrodes etc)
A group of related projects, subprograms, and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually
Program Objectives:
• Increased revenue/profit by quality software development and deploy customised solutions at clients locations to enable them with
better monitoring and control of their operations leading to lower cost of their operations
Customer -1
Customer -2
Software product development
Sub-program
Customer -3
Customer -4
A group of related projects, subprograms, and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually
Objectives
What are the steps to achieve success (expressed in measurable steps)
Existing
market
20%
Capture 40% revenue increase by 5 years
Environment factors
20% from new
market Environment factors
Partners
Partners
Internal Partners
Sponsor -1
Sponsors
Executive Program
Sponsor Manager
External Project in a
Sponsors Project in a
remote sitein a
Projects
remote site
remote sites
Program manager
Internal Projects in
Internal other
Project
Internal Operations
Project departments
Project
Project manager
Functional manager
Govt Industry Standard
Line manager Agencies Experts bodies
People manager Vendor -1
Vendor -1
Employee Vendor
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Program Complexity
PMI SPMv4: Project Management Institute, Standard for Program Management Version 4
• A group of related projects managed in a co-ordinated way to obtain benefits and control not available from
managing them individually
• A temporary flexible organization created to co-ordinate, direct and oversee the implementation of a set of
related projects and activities in-order to deliver outcomes and benefits related to the organization strategic
objectives
PMAJ P2M: Project Management Association of Japan, Project and Program Management for
Enterprise Innovation
• An undertaking in which a group of projects for achieving a holistic mission are organically combined
Project
Weight loss Factory
Program
Product
Portfolio deve
dining
Operations
Program Stakeholders
Customers
Program
Sponsor team team …….
Other
Component individuals or
teams Program organisations
Regulatory agencies
Competitors
Funding Suppliers Potential
organisation customers
Q1: What is the difference between a stakeholder and a key stakeholder and a primary stakeholder or an important stakeholder?
Q1: Can a program have more than one sponsor ?
❑ 1. You are reviewing program dashboard with your ❑ 2. Recently because of the heavy work, you are
director. He suggest you to add additional coming home late quite often, and your family is
information into the dashboard, that was not not happy about it. You need to
present in the current dashboard template. So you
decided to
A. Care about their concerns as they are program
stakeholders
A. Add a new section in the dashboard and provide B. Care about their concerns as they are program
information key stakeholders
B. Apologise and deny additional information to C. Not worry about their concerns as they are not
director saying that it is not part of the template program stakeholders
C. Send additional information by mail along with D. Not worry about their concerns as it doesn’t
the dashboard you follow affect the program anyway
D. Consult your PMO for next steps
harishlr@hotmail.com
Whatsapp: +91 9845546953
Google+: PgMP Lighthouse
Linked-In: https://in.linkedin.com/in/harishalr
www.aceproconsulting.com
463/B, 11th Cross,
2nd Phase, Girinagar,
Bangalore – 560085
India
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