Value Integration in Project Management

PM Point of View

Recognizing the importance of identifying "what is the work in front of us" co-hosts Kendall Lott and Mike Hannan discuss improved ways cracking scope to improve project delivery and project value with guests Steven Devaux and Sergiy Potapov. Get past the traditional WBS to Product Flow Diagramming…which gives you progressive elaboration of the sequencing of work as you define it. Then step up to Value Breakdown Structures to identify total costs of work, including the drag (opportunity) costs of not executing some work. The goal of planning is to create understanding but also decision-making…what is worth spending more or less on to drive value? Look for the "-ity" words to identify value, (quality, usability, productivity, etc.) to help assess value. Beyond the value of the work, we move to ways of systematically defining the Risk to Value…where are the steps that are most sensitive to dropping or enhancing value? Listen, learn, and then investigate the approaches…we do!