A PMI Lakeshore Chapter Dinner/Presentation
A PMI Lakeshore Chapter Dinner/Presentation
Understanding the “Value-for-Money” on project investments
Presentation Abstract
The common goal for properly initiated projects is to provide value to the organization. However, the reality is that success rates for projects are not great and there is significant room for improvement. Given the current economic conditions, shareholders and stakeholders are increasingly asking for the Value-for-Money for their project investments. Organizations must look beyond the traditional audits to ensure project investments are applied intelligently.
Current project audit approaches may not be sufficient as the Value-for-Money project analysis goes a step further to ensure organizations’ project investments are used economically, efficiently and effectively. Value- for-Money analysis looks beyond the traditional audits, ROI, Rate of Return and EVM assessment approaches.
A Value-for-Money analysis provides an objective and constructive assessment of the extent to which:
- financial, human and physical resources are managed with due regard to economy, efficiency and effectiveness
- accountability relationships are served.
The approach for Value-for-Money analysis of projects spans initiation, planning, execution and reporting.
Initiation:
- Decide what project to analyze based on a set of ranking criteria (not typically feasible to audit all projects within an organization)
Planning:
- Develop analysis strategy and plan (for example, consider the scope: the entire program or just a project)
- Agree on clear objectives that provide focus and can be measured for completeness
Execution:
- Assess the project risks considering the expected return on the investment (Will the value of the results of the project outweigh the project cost? What tracking techniques have been applied?)
Reporting:
- Express an opinion on the economy, efficiency and effectiveness of the project and provide recommendations where there are areas for improvement.
The purpose of this session is to share practical insights and discuss:
- Basics of Value-for-Money Analysis;
- Why the need for Value-for-Money analysis and how the current downturn impacts the traditional approach to project audit;
- An approach to performing a Value-for-Money analysis;
- Things to watch out for to avoid gotcha events;
- Key items to be analyzed that can add value to the organization; and
- Relevant best practices.
The session will include several examples from the speaker’s personal professional experience with some structured involvement of audience throughout the session.
Participants will leave the session with very specific and implementable tips for delivering Value-for-Money from their projects.
Speaker - Gabriel Rodriguez
Gabriel is an Associate Partner with Deloitte’s Information & Technology Risk solutions group of the Enterprise Risk Services Practice.
He has successfully delivered best practices- based IT management solutions and business management solutions to a wide variety of clients including financial institutions, consumer business, utilities, manufacturing, the public sector and media.
He has over twenty years of experience in Portfolio/Project/Program Management, Financial and Operational Re-engineering, System Implementation, Marketing and managing enterprise wide change initiatives.
His academic background includes a Masters Degree in Finance, a Bachelor Business Administration with majors' in Finance, Marketing, and Science and is a PMI Certified Project Management Professional (PMP). He has proven management, financial, marketing and information system experience across several industries and disciplines, with a sharp focus on business development.
Gabriel is part of the leadership group that manages services related to Portfolio, Program and Project Management solutions for clients across several industries.
Gabriel has been a regular speaker for Deloitte business risk seminar (BRM and round tables), the North America Media and publishing Internal audit group on media projects(NIMA), the Canadian Project Excellence Awards(CPEX) and the Canadian Institute of Chartered Accountants(CICA), ISACA and others.
Speaker - Bhuwan Sharma
Bhuwan is a Manager at Deloitte with over 11 years of experience in the Information Technology (IT) and Risk Management areas. His IT experiences include application development, systems and network management, complex system integration and various management positions. He has successfully delivered large system deployment and integration projects and has managed global teams.
For the last few years, Bhuwan has been focused on delivering Project Portfolio Management solutions to various clients.
Bhuwan’s educational background includes a Bachelor of Engineering in Computer Science and is a current MBA student at Schulich School of Business, York University. Bhuwan is a PMI Certified Project Management Professional (PMP).
He has been a speaker at various internal and external events including speaking at CA Canada’s Clarity User Group Meeting on “The Importance of Process Alignment and Change Management for PPM tool Implementation”.
| Date: | Monday, September 13th, 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: |
|
||||||
| 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, September 8th, 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: | Registration has closed for this event |
||||||
| Program Number: | C193-100510 (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.