PM Benefits - Success is Repeatable

Project Management framework ensures a REPEATABLE process which makes it easy for an organisation to perform a future project better than a previous project. It also gives confidence to the customer that an organisation can consistently achieve success under various environments and conditions.

1.The REPEATABLE PROCESS ensures that projects are planned and executed CONSISTENTLY across the dimensions of an organisation, location.
Example: In a core banking program consisting of multiple projects that involve the deployment of core banking solution in a global bank that has branches in multiple countries and cities, the projects need to be consistent across the whole bank, across locations.
Two or more project managers in an organisation will follow the same process steps in starting and completing a project, ensuring consistency in the performance of projects across an organisation.
It will also ensure that two different project managers, one representing a customer and another representing a vendor are able to understand each other. This will make sure that one project manager can take over from another in an emergency.

2.The REPEATABLE process will ensure that projects are planned, executed EFFICIENTLY by an organisation across the dimension of time.
The future projects will use the basic standards or core standards of past projects. Innovations will be built on the standard foundation of common processes. This will ensure that the project wheels are not re-invented.
Example: The core banking upgrade projects in a bank involves replacing the old banking system with a new system while retaining the customer and account data already in the system. These kind of projects involve conversion of data from the old system to the new system. This is the common, standard characteristic in all core banking projects. The knowledge of project management process called SCOPE MANAGEMENT helps in providing a boundary around the work that is performed. This helps the organisation to perform future projects with the common patterns of past projects but also adopting new customized, innovative techniques that can make core banking conversions happen faster, with higher quality.