Total Project Control: A Practitioner's Guide to Managing Projects as Investments, Second Edition

Total Project Control emphasizes the importance of aligning project goals with organizational profitability by introducing new metrics and techniques for assessing project performance and profitability. It discusses new data metrics, such as expected monetary value (EMV), expected project profit (EPP), Devaux's Index of Project Performance (DIPP), critical path drag, drag cost, and the cost of leveling with unresolved bottlenecks (CLUB). The book provides insights into how to compute and use these metrics to rightsize staffing levels, track progress, and improve project business value. It also addresses earned value tracking and its uses, abuses, value, distortions, and potential fixes.

Format: Paperback / softback
Length: 310 pages
Publication date: 31 March 2021
Publisher: Taylor & Francis Ltd

The disconnect between project teams' goals and the organization's objectives is a prevalent issue. Senior management prioritizes profitable projects, but their desires are often limited to traditional project management elements like schedule and cost. To achieve smooth operations, the entire organization must be aligned with the single goal of project profitability.

Total Project Control offers valuable enhancements to the traditional project management approach, introducing new metrics and techniques for assessing project performance and profitability. This book demonstrates how to maximize the business value of a project by discussing various profitability-based data metrics, including expected monetary value (EMV), expected project profit (EPP), Devaux's Index of Project Performance (DIPP), critical path drag, drag cost, and the cost of leveling with unresolved bottlenecks (CLUB). The implementation of these metrics can have a significant impact, supporting good management decisions with quantitative data and making it harder to justify poor decisions.

The book provides practical guidance on computing and using these metrics to rightsize staffing levels for projects, programs, and organizations. It also delves into earned value tracking, explaining its uses, abuses, value, distortions, and potential fixes. Furthermore, the book extends these metrics into techniques for indexing, tracking, progressing, and improving the business value of projects.

In the second edition of Total Project Control, new diagrams and methods for computing critical path drag in complex networks have been introduced. Additionally, the book includes exercises to compute critical path drag and drag cost and utilize these metrics for indexing, tracking, progressing, and improving project business value.

By embracing the principles and techniques outlined in Total Project Control, organizations can enhance their project management practices and achieve greater profitability. This book serves as a valuable resource for project managers, executives, and professionals seeking to optimize project performance and maximize business value.

Weight: 576g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367783549
Edition number: 2 New edition