Seminar in PM Week 2 DQ

8/29/22, 5:22 PM 2-1 Discussion: Value of Project Management - QSO-680-X1489 Seminar in Project Management 22TW1

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2-1 Discussion: Value of Project Management

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QSO-680-X1489 Seminar in Project Management 22… TM

Before you begin this discussion, analyze the PMIⓇ report The High Cost of Low Performance.

Figure 1: Current State of Project Outcomes shows that only 62% of strategic initiatives meet

their original goals and business intent, a number that has remained relatively static over the past

five years. The report goes on to note the significant disparity in financial loss per project

between low-performing companies and high-performing companies.

Again, in this discussion, draw on your own experience in a business organization you currently

work for or have worked for in the past. If this option is not a good fit for you, you can research

an organization for this discussion.

Address the following:

Describe the value of the project management function in a business organization.

What are the key factors that make a difference in managing projects successfully to meet

key deliverables on time and on budget?

What project management practices used by high-performing companies could be

replicated by others?

Provide a specific example from your own experience or from business news reports in

which a project has gone over budget and deadline and identify a few project management

"best practices" that may have prevented the project failure.

In response to peers, build on the examples and best practices they have presented. What other

ideas can you provide that may have prevented the project failure they described?

To complete this assignment, review the Discussion Rubric PDF document.

8/29/22, 5:22 PM 2-1 Discussion: Value of Project Management - QSO-680-X1489 Seminar in Project Management 22TW1

https://learn.snhu.edu/d2l/le/content/1145929/viewContent/19821787/View 2/2

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Discussion 2 Brooke Fisher posted Aug 29, 2022 8:18 AM

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Project management brings value to an organization in a variety of ways including reducing

costs, maximizing efficiencies, providing a competitive advantage, and driving strategy. Project

management reduces costs and improves efficiencies in a variety of ways. First at a portfolio

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