Total Project Control: A Practitioner's Guide to Managing Projects as Investments, Second Edition

Stephen A. Devaux

March 18, 2015 by CRC Press
Reference - 310 Pages - 104 B/W Illustrations
ISBN 9781498706773 - CAT# K24848
Series: Systems Innovation Book Series

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Features

    • Presents innovative techniques for planning and optimizing projects on the basis of maximum return on investment
    • Introduces new techniques that provide the metrics to plan and track projects as investments, and to make decisions based on reliable and quantified data
    • Discusses how modifications to current metrics can lead to a better view of the full picture, and thus to better decisions
    • Explains the use of new tools such as critical path drag, drag cost, and true cost that help to maximize business value through time management and to optimize and recover slipping schedules

    Summary

    There is often a deep disconnect between the project team’s goals and those of the organization. Senior management wants "profitable" projects, but is only able to quantify its wishes in terms of the traditional project management elements: schedule and cost. To operate smoothly, the entire organization must be driven by the single goal of project profitability. Total Project Control presents valuable enhancements to the traditional project management approach, introducing new metrics and techniques for assessing the performance and profitability of projects.

    Demonstrating how to maximize the business value of a project, this book discusses new profitability-based data metrics, such as expected monetary value (EMV), expected project profit (EPP), Devaux's Index of Project Performance (DIPP), critical path drag, drag cost, and the cost of leveling with unresolved bottlenecks (CLUB). The impact of implementing these metrics can be far reaching. Not only will good management decisions, at both the project and executive levels, be supported by quantitative data, but bad decisions will become harder to justify.

    This book shows how to compute and use the new metrics to rightsize staffing levels for projects, programs, and organizations. It also explains what every project manager needs to know about earned value tracking: its uses, abuses, value, distortions, and potential fixes. The book then extends these metrics into techniques for indexing, tracking, progressing, and improving the business value of projects.

    See What’s New in the Second Edition:

    • Includes new diagrams and new ways of computing critical path drag in complex networks
    • Introduces DIPP Performance Index tracking
    • Offers new exercises in how to compute critical path drag and drag cost and use them to maximize project value
    • Focuses on topics senior management needs to be assured the project team is using to maximize project profitability

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