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The Project Management Scorecard (Improving Human Performance), by Jack J. Phillips, Timothy W. Bothell, G. Lynne Snead
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Return on Investment (ROI) remains one of the most challenging and intriguing issues facing human resource development and performance improvement professionals. Drawing on their expertise in developing and implementing ROI programs in human performance and training, Jack J. Phillips, Ph.D., Timothy W. Bothell and G. Lynn Snead demonstrate how you can effectively apply ROI to project management.
Today, almost every industry requires employees to manage multiple projects with competing priorities, critical deadlines, and unexpected interruptions―rendering everyone a project manager in some respect. Most employees feel the pressure of juggling any number of key projects simultaneously. Organizations have responded by investing large amounts of both time and money to improve project management, and most strive to justify the efforts and resources dedicated to improving this goal.
'The Project Management Scorecard' is a welcome relief for anyone managing a project or multiple projects, as well as the trainers, human resource development staff, or supervisors charged with measuring, evaluating, and managing project managers.
Project Management is one of the hottest topics in business management today, affecting nearly every individual in any organization across the globe. Let three HRD experts show you how to apply the hugely popular ROI process to the key organizational issue of successful project management including:
* Project management issues and challenges
* Measuring reaction and satisfaction
* How to calculate and interpret ROI
* Capturing business impact data
* Measuring skill and knowledge changes during the project
* Monitoring the true costs of the project solution
* Converting business measure to monetary values
* Forecasting ROI
The authors' step-by-step approach allows you to begin the ROI process immediately. Start measuring the success of your project management results today.
- Sales Rank: #1380226 in Books
- Brand: Brand: Routledge
- Published on: 2011-07-21
- Original language: English
- Number of items: 1
- Dimensions: .86" h x 6.35" w x 9.53" l, 1.48 pounds
- Binding: Hardcover
- 376 pages
- Used Book in Good Condition
Review
"Project Management continues to be a critical function in organizations. Almost any new product, service, system, or technology must be introduced and implemented through a formal project management process. Until now, there has been no book that focuses on how to measure the success of project management solutions. With this new publication, Jack, Tim and Lynne provide the answers to critical questions about project management measurement. Using six types of data, including the actual ROI, this book simplifies the measurement process and provides credible data needed for the senior management team. It should be a valuable reference for every project manager." - Dr. Stephen R. Covey, author, 'The 7 Habits of Highly Effective People'
"'The Project Management Scorecard' is a valuable tool to support project success. With these tools we can improve management of the triple constraints and stakeholder needs during the project, and the project's long term business impact." - Nancy Foltz, Administrator, Learning and Development Division, Michigan Department of Transportation
"'The Project Management Scorecard' is a book that is long overdue. The authors have provided an easy method of setting up and measuring the success of projects. The methodology provided by the authors is presented in a sequence of events that can and should be applied by everyone that is considering managing a project. They have taken a process that can be very confusing and onerous and have presented it in a simplified manner." - Sam Morales, Chief Information Officer, Vice President of IT, Alaska Communications Systems
From the Publisher
Today, almost every industry requires employees to manage multiple projects with competing priorities, critical deadlines, and unexpected interruptions—rendering everyone a project manager in some respect. Most employees feel the pressure of juggling any number of key projects simultaneously. Organizations have responded by investing large amounts of both time and money to improve project management, and most strive to justify the efforts and resources dedicated to improving this goal.
The Project Management Scorecard is a welcome relief for anyone managing a project or multiple projects, as well as the trainers, human resource development staff, or supervisors charged with measuring, evaluating, and managing project managers.
Project Management is one of the hottest topics in business management today, affecting nearly every individual in any organization across the globe. Let three HRD experts show you how to apply the hugely popular ROI process to the key organizational issue of successful project management including: * Project management issues and challenges * Measuring reaction and satisfaction * How to calculate and interpret ROI * Capturing business impact data * Measuring skill and knowledge changes during the project * Monitoring the true costs of the project solution* Converting business measure to monetary values * Forecasting ROI
The authors’ step-by-step approach allows you to begin the ROI process immediately. Start measuring the success of your project management results today.
About the Author
Jack J. Phillips, PhD, is a world-renowned expert on measurement and evaluation and chair of the ROI Institute, Inc., which provides consulting services, workshops and keynote addresses for Fortune 500 companies and major organizations around the world. He developed the ROI MethodologyT, a revolutionary process that provides bottom-line figures and accountability for all types of training, performance improvement, human resources and technology programs and is used worldwide by corporations, governments and non-profit organizations. His expertise in measurement and evaluation is based on nearly thirty years of corporate experience in five industries. He has served as training and development manager at two Fortune 500 firms, senior HR officer at two firms, president of a regional federal savings bank, and management professor at a major state university. Phillips is the author or editor of more than 30 books and more than 100 articles.
As Director of the Impact Analysis team at Franklin Covey's Center for Research and Assessment, Dr. Timothy Bothell provides consulting services for Fortune 500 companies and facilitates measurement workshops at conferences, public institutions, and private facilities around the world.His expertise in measurement and evaluation is based on nearly 10 years experience with educational institutions and corporate clients in a variety of industries. He is the co-developer of the Franklin-Covey Impact Analysis System, and has revolutionized the process for measuring the impact of training programs with this simple yet effective system. The Franklin-Covey Center for Research and Assessment is an international consulting practice that provides comprehensive assessment, measurement, and evaluation services for organizations in the global business arena. He has a master's degree in technical education and a Ph.D. in instructional psychology from Brigham Young University. He lives in Salt Lake City, Utah.
Currently a consultant, Snead was the Vice President of the Franklin-Covey Project Management Solutions Group, specializing in project and workload management training and consulting. Lynne is the program author and developer of three Franklin-Covey Project Management training programs taught worldwide. Prior to joining Franklin-Covey in 1988, Lynne served as Project Manager for a computer engineering company specializing in the design and manufacture of custom communications products. She is the author of To Do, Doing, Done: A Creative Approach to Project Management and Effectively Finishing What Matters Most (Simon and Schuster, 1989) She helped design Frankling Covey's On Target 2.0, a Franklin-Covey project management software program. In addition to her work with Franklin Covey, Lynne is on the board of director for the Innovation network, a consulting practice focusing on innovation and creativity in business. She also has taught learning skills at the University of Utah.
Most helpful customer reviews
40 of 41 people found the following review helpful.
Essential for PMOs and mature project organizations
By Mike Tarrani
This book is ROI-focused and integrates the people and process elements of project management with a balanced scorecard approach. One of the authors, Jack J. Phillips, has extensive experience and a large published body of knowledge in the domains of HR, ROI and scorecard development. This book has his touch, and covers the essentials of a mature project organization, what to measure and how to measure it.
The approach is as follows:
1. Measure:
* reaction and satisfaction
* skill and knowledge churn during the project
* implementation and progress metrics throughout the project
2. From the metrics capture:
* business impact data
* ROI
3. Identify both tangible and intangible benefits and apply them to an aggregate 'true cost'.
The book also shows how to translate business metrics to dollar values, build a business case, and communicate status, based on the scorecard, to clients and stakeholders. This is essential for anyone who is setting up or managing a program management office or who wants to improve internal project managment processes. It also provides one of the best methods for communicating status to clients and upper management.
21 of 21 people found the following review helpful.
How to create a "project management culture"
By Robert Morris
Having read and then reviewed three books co-authored by Robert S. Kaplan and David P. Norton (The Balanced Scorecard, The Strategy-Focused Organization, and Strategy Maps) as well as Paul R. Niven's Balanced Scorecard Step-by-Step, all of which I highly regard, I was especially interested in reading this book which the authors explain how to measure the success of project management solutions.
In the Preface, they assert that, currently, "there is no book that offers a comprehensive, practical presentation on a project management scorecard, using a process that meets the demands of [project managers, clients and senior managers who must approve project budgets, and evaluation researchers who develop, explore, and analyze new processes and techniques]. Most models and representations of the scorecard process ignore, or provide very little insight into, the two key elements essential to developing the scorecard: isolating the effects of project management solutions and converting data to monetary values." Others (notably Kaplan, Norton, and Niven) are far better qualified than I am to verify or dispute that claim. Of greater interest to me is how well organized and written this book is, and, how helpful I believe it will be, at least to project managers as well as to those who must approve project budgets. My Five Star rating speaks for itself.
Phillips, Bothell, and Snead present their material within four Parts: Setting the Stage (e.g. "Project Management Issues and Challenges), The Seven Measures (e.g. "How to Capture Business Impact Data"), Key Issues with the Measures (e.g. "How to Convert Business Measures to Monetary Values"), and Challenges (e.g. "Overcoming Resistance and Barriers to the Project Management Scorecard"). They conclude with an Appendix in which they suggest how to establish an effective project management culture. In it, they identify 16 "Best Practices" and include a brief case study example for each.
What I especially appreciate about this volume is the fact that the authors devote the bulk of their attention to explaining how to implement effectively the various concepts, strategies, and tactics they present. They are also to be commended for concluding each of the 16 chapters with a "Final Thoughts" section. This facilitates a convenient review when a reader wishes to review key points. In fact, I strongly recommend to project managers that they complete such a review at least every 90 days but, preferably, every 30 days throughout their project's duration.
As the authors correctly point out, "One of the greatest challenges is deciding which costs should be included in the project solution cost calculation. For some projects, certain costs are hidden and never included in the cost calculation. Our preference is a conservative one: Account for all costs, both direct and indirect."
There are several major cost categories:
Initial analysis and assessment
Development of solutions
Acquisition of solutions
Implementation and application
Maintenance and monitoring
Administrative support and overhead
Evaluation and reporting
For most projects, the authors recommend this sequence by which to convert data to monetary values:
1. First, define a unit of measure
2. Determine the monetary value of each unit
3. Calculate the change in performance data
4. Determine the annual rate (and amount) of change
5. Calculate the annual value of the improvement
"Costs are important and should be fully loaded in the ROI calculation. From a practical standpoint, some costs may be optional based on an organization's guidelines and philosophy. However, because of the scrutiny involved in the ROI calculations, it is recommended that all costs be included, even if this goes beyond the requirements of the policy."
In this volume, Phillips, Bothell, and Snead offer a wealth of information and counsel which can help achieve the ultimate success of almost any project in almost any organization. That success can then inform and guide efforts to create throughout the same organization a "project management culture."
11 of 11 people found the following review helpful.
Expectations Exceeded
By Marilyn Madden
This book has a mundane title but could be titled "Everything you ever wanted to know about project success and then some". The Project Management Scorecard focuses on how to evaluate and measure the success of project management solutions. Given that failed projects are far more common than successful projects, executives are investing more time and money in developing project managers. This book recognizes the challenges in measuring the return on project management investment and provides clarity and techniques on how to overcome this obstacle.
The book is very thorough in its examination of the problems, process, and solutions to measuring project management success. First the authors break down the problem into its component parts, then they take a look at the project management process steps, and finally they present multiple approaches on how to create an effective scorecard and to use it to achieve desired results. The book includes not only straight-forward steps to follow, but also questionnaires and forms that can be easily used. Success stories and case studies are also included to illustrate major points.
Some of the topics include the following:
o Project management issues and challenges
o Changing corporate cultures
o Measuring reaction and satisfaction
o How to calculate and interpret and ROI
o Capturing business impact data
o Measuring skill and knowledge changes during the project
o Monitoring the true costs of the project
o Converting business measure to monetary values
o Forecasting ROI
This book provides a straight-forward approach to setting up and measuring project success. The authors have taken an onerous topic and provided clarity through simple techniques that can be easily adopted. If implemented, the solutions presented should siginificantly contribute to overall organizational success.
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