Project Value Management (PVM) is a concept that began life with General Electric during World War Two when there was a shortage of labour, materials and component parts. This caused the company to find cheaper local substitutes that would do the job. In many instances it was found that the use of alternatives reduced costs and improved project and product performance. Thus, what was an accident of necessity has become a recognised strategy.
PVM advocates the use of group-based facilitated workshops to obtain ideas to improve project value. These one or two-day workshops involve a multidisciplinary group lead by a professional facilitator. It is anticipated that the rebuild of Christchurch CBD and quake-proofing projects throughout New Zealand will benefit from early PVM intervention. PVM facilitators will be in demand. The attached white paper and Read More »
Templates are designed to give us direction, confidence, quality, consistency and save us time. They are checklists. We simply fill in the blanks. Importantly, templates are not straitjackets, but to be useful their format needs to be controlled, otherwise continual local amendments will soon diminish their value. The “owner” of the templates who safeguards their integrity and to whom suggested amendments are made for their improvement, could be the PMO if one is established, otherwise a functional manager might get the job – not necessarily the IT manager.
Some common templates are here for your use, although they may need some modification to better suit your particular needs.