Advances in PM Part I: Value

Heads down on getting things done, project managers often forget (or are left in the dark about) the underlying purpose the projects they are assigned.

Even more, they are rarely told of the value of the project.

Projects are investments. PMs are investment managers, managing a dynamic scope that changes the value that is produced.

And there are ways to evaluate, monitor and manage the changing value.

Listen in and let Mary Ann Lewis, Robert Stewart, Stephen Devaux, and Michael Hannan give you the insight, the high value concepts that help PMs be more than task masters, but value managers.

Project Management Point-of-View (PM-POV), a podcast series produced by the Washington DC Chapter of the Project Management Institute, allows our membership and the public at large to listen to brief and informative conversations with beltway area practioners and executives as they discuss various perspectives on project management-- its uses, its shortcomings, its changes, and its future. Listens can send comments and suggestions for topics and guests to: pm-pov@pmiwdc.org.

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» More PM-POV Episodes About the Speakers Stephen A. Devaux, MSPM, PMP Analytic Project Management President

Steve Devaux, MSPM, PMP, is President of Analytic Project Management, Boston, MA, a PMI Global R.E.P. founded in 1992. Major corporate clients include Siemens, BAE Systems, Wells Fargo, Texas Instruments, Wyeth Pharmaceuticals, MIT Lincoln Labs, iRobot, L-3 Communications, American Power Conversion, and Respironics.

Devaux’s newest book Managing Projects as Investments: Earned Value to Business Value came out from CRC Press in September 2014. He is also the author of Total Project Control, the second edition of which was published by CRC Press in March 2015. He contributed chapters on his new CPM metric, critical path drag, in two 2013 books: Project Management in the Oil and Gas Industries and Handbook of Emergency Response. He is the author of numerous articles and PMI webinars, and a frequent speaker at PMI Chapter meetings throughout the US. He also authors a blog on advanced practices in project management several times a week at www.TotalProjectControl.com.

Over the years, he has taught graduate project management courses at Suffolk University, Brandeis University and University of the West Indies/Barbados and in Executive Education programs at Bentley University and UMass/Lowell.

PMIWDC Presentations:

• Managing Projects As Investments: The Benefits Of Computing Critical Path Drag And Drag Cost

Mary Ann W. Lewis SAVE INTERNATIONAL President and Government Liaison

Mary Ann W. Lewis is the president and the government liaison of SAVE International, the professional society for the Value Methodology.

She spent her career promoting value-improving practices and construction management. Ms. Lewis managed Black & Veatch’s Water Program & Construction Management Practice. She co-founded Lewis & Zimmerman Associates (1982), the Construction Dynamics Group (1983), and CDG International (1991-UK), which were sold in 2004 to ARCADIS. She worked for two U.S. Congressmen early in her career.

She is a trustee and former chair and director of the nonprofit Lawrence D. Miles Value Foundation. Ms. Lewis is a Fellow of SAVE International.

PMIWDC Presentations:

• Value Engineering (VE)

Robert B. Stewart, CVS-Life, FSAVE, PMP, PMI-RMP Value Management Strategies, Inc. President / CEO

Mr. Stewart has nearly 30 years of experience in leading Value and Risk studies for a wide variety of public and private clients. He has also authored three books on the management of value and risk and developed the Value Metrics Process for VMS. He is a Fellow of SAVE International and currently serves as Chairman of the Miles Value Foundation and is Vice President of Communications for SAVE International.