How good project management disciplines are being applied to drive project success was explained in a ‘Cost and Schedule Variances –Causes and Cures’ presentation held by The Project Management Office (PMO) and the Knowledge Management (KM) Unit on 10 October 2013.
Attended by 61 staff from various sectors of MoW at the event, listened attentively as Mr. Chris Bragg, the Managing Partner of TenStep Middle East (ME) gave presentation on the Cost and Schedule Variances and the ways to improve on the project delivery. Mr Chris Bragg, who has 35 years in project and portfolio management plus 8 years in strategic performance management, and an extensive experience in management consultancy and public sector explained the key causes of budget and schedule variances.
In his presentation, Chris highlighted that according to research that cost and schedule variance are avoidable where some organisations achieved better than 95% success rates by being applying a consistent project management process and approach that emphasize on planning, scheduling and communication.
He pointed out that the common causes, which is 20% that causes 80% of problems in projects, amongst others, are multi-tasking, lack of alignment of projects with organizational strategy, poor sponsorship and project complexity causes the chain effect on the cost and schedule variance.
He concluded that the use of Critical Chain Portfolio Management, focusing on value such as improve risk management, the use of program management, contract governance and standardized project management practices and methodologies can help achieving 95% success rates in project delivery.
Following a highly interactive questions and answers session and refreshment, the breakfast event concluded with a formal presentation of recognition of gift, courtesy of the PRMD to Mr Chris Bragg by Mr. Abdul Nabi Al-Sabah, the Roads and traffic Advisor and the Chief of the PMO.
The PMO and KM Unit as part it its collaboration to” Promote best Project Management Practices” and “Knowledge Sharing Event” in the Ministry to achieve the one of the strategic Objectives to contribute to the MoW vision to become “a Leading Professional Organization Providing Quality Services” by enhancing knowledge through such events.