A PMI Lakeshore Chapter Dinner/Presentation

Poke Your Head Outside the Box – The V Triple C™

Presentation Abstract

How important is it for you to measure the business effectiveness of every project, remove projects which will never deliver a benefit and quantitatively develop project portfolios? The Value Triple Constraint™ (VTC) is a simple, yet powerful model for ensuring high value projects and project portfolios linked to your strategy.

Learning Objectives

  1. Explain the limitations of the current triple constraint and the advantages of the proposed Value Triple Constraint (VTC) as a focus and measurement paradigm.
  2. Use the VTC to enhance the effectiveness of program and portfolio management, and project selection.
  3. Use the VTC to enhance and measure the effectiveness of your decision-making process.

It is often said that we cannot manage what we don't measure. But it is truer still to say that we cannot measure what we don't understand. We believe that the triple constraint of time, scope and cost is a valid model for decision making. But it isn't. It is a mental model that prevents us from measuring the true value delivered through projects.

The true measure of project success is the value actually delivered to the organization relative to the value that could have been delivered. That's what the value triple constraint (VTC) measures. The VTC states that value delivered is a function of business scope and delivery capability: value = f (scope, capability). The value triple constraint provides a framework for measuring actual value delivered as well as the true cost of delivering that value. It includes the opportunity cost associated with projects not selected.

The VTC is used at the project level to determine project effectiveness. It is used at the program level to ensure connection to strategy. And it is used at the portfolio level to improve selection and to develop true alternative portfolios that can be evaluated as to benefit and risk. The VTC is a framework that will enhance any project management office function and help it make better business decisions and demonstrate actual business value delivered through projects. It is a tool which, when combined with process performance management, can raise the maturity level of your organization.

The Value Triple Constraint™ is a critical tool for every project manager. Don’t leave home without it.

Speaker - Angelo Baratta

Angelo Baratta divides his time equally between earning a living and solving some critical business issues. After 10,000 hours of research and development and using his over 25 years of experience, he has developed the ePPM™ (enterprise Process Performance Management™) System, a framework for deploying strategy across functional silos. It integrates strategy deployment, process engineering, project management and requirements elicitation. The paradigm, scientifically developed from first principles, virtually guarantees:

  1. Systematic deployment of Strategy across functional silos
  2. Constant progress in process performance
  3. Identification of value projects directly connected to strategy
  4. Discovery of True Requirements
  5. True Change Management

Angelo has worked with dozens of leading national and international organizations, in the financial, services, regulatory, manufacturing and other sectors.

Date: Monday, April 12th, 2010
 
Schedule: 6:00 - 7:00 pm Networking/cocktails (cash bar)

7:00 - 8:00 pm Sit down dinner see menu

8:00 - 9:00 pm Main presentation
Location: Holiday Inn Oakville (Centre), 590 Argus Road, Oakville, Ontario, L6J 3J3, (905) 842-5000 (go south off of the QEW on Trafalgar Road South then turn west onto Argus Road). For a map to the location, click here.
 
Cost:
  PMI
Member		 Non-Member
Registration
(pay online by credit card only)		 $25.00 $35.00
Payment by credit card: On-line using your Visa, MasterCard or Diners Club card before the registration deadline only. No payment will be accepted at the door. Receipts are issued and e-mailed to you at time of payment.
 
Deadline and policy for registration and cancellation: Registration and cancellation deadline is 5:30 pm on Wednesday, April 7th, 2010.

All registered attendees are required to notify the PMI Lakeshore Chapter of any cancellations by sending an e-mail message to cancel@pmi-lakeshore.org with your cancellation request. To expedite your cancellation, please include the transaction ID number from your receipt or the event code that starts with "C193" in your request.

Cancellation before the deadline is subject to an administration fee equal to 6% of the amount billed rounded off to the nearest dollar. If you cancel your registration after the deadline there is no obligation for the refund of the registration fees.  
Register: Click here to register
 
Program Number: C193-100412 (1 PDU can be claimed against Category 4 for attending this presentation)
 

Contact

If you have questions or comments on the event please contact the Chapter, by email at events@pmi-lakeshore.org.