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Showing posts with the label Project Value

Ways to Judge Project Success

Projects that nail the triple constraint are not necessarily a success. Conversely, projects may be deemed successful without satisfying the triple constraint. Ask yourself the following four questions to determine whether or not your project can rightly be judged a success. #1 – Is the Client Happy? One of the best indicators of success on a project is when a client is happy with the results, whether that client is internal or external to the organization. “But,” you may ask, “what if the project went over budget and we weren’t able to bring it in for the amount the client requested?” When that happens, it doesn’t mean the project failed. For example, I just had my house painted. Both the cost of paint and labor ran over budget. I’m still extremely pleased with the results and deemed the project a success. #2 – Are You Looking Forward to Working Together on the Next Project? Projects can get a little rough and tumble as people with different personalities, skill sets, expectations, a...

Training Value

Four Steps to Determine the Value of Training Many businesses struggle with the question of whether they are getting their money's worth in sending employees to training. This question can be applied to project management training as well as any other type of business training. You know the cost side of training too well. But how do you tell what the business value is? The most common way to determine business value today is to ask the trainee whether he or she thinks the class was valuable. This is very touchy-feely and doesn't give you much information to go on, but it is probably the most that most companies ask in terms of follow-up. There is a process for more rigorously determining the value received for your training dollars. These ideas are not for the faint of heart. They take more preparation and they take more of that most precious commodity - time. But see if it makes sense, and whether the results of this process will give you a much better feel for the value that ...