Wednesday, May 27, 2009

Best Practice in a Recession

View this workshop by Andy Murray, the Lead Author of PRINCE2:2009, at Project Challenge Spring 2009.

Andy explains why Best Practice in Portfolio, Programme, Project and Risk Management (P3RM) applies, whether in a recession or a boom, and how to embed it.

Boards and executives need to know:

  • How each project contributes to strategic objectives
  • The likelihood of achieving the expected benefits
  • The remaining cost of each project
  • The earliest and latest completion time for each project
  • Exposure to risk
  • Resource capacity to deliver the portfolio
  • The impact on the achievement of strategic objectives if any single project was cancelled, deferred, slowed down or accelerated