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(PM-3553) (Presentation Only) How to Create World Class Project Management Organization?

In order to receive proof of CEU credits, you must watch this presentation in its entirety and complete the survey.

Venue: 2020 AACE International Conference & Expo

Abstract: This practical presentation is based on how a company created world class project management organization that delivered pacesetter project performance. Industry benchmarking showed that these projects were safer, better, faster and cost less compared to the competition. The formula for success included:
  1. Understanding project management's impact on the bottom line of the company by improving return on capital employed and ultimately total shareholder return.
  2. Implementing structured project development and execution process which enabled effective communication between decision makers, multifunctional project team and stakeholders.
  3. Demanding use of project management best practices to optimize safety, cost, schedule and operability of projects.
  4. Insisting on the use of total cost management tools for estimating, planning/scheduling, project controls, etc. to deliver projects on time and within budget.
  5. Providing project management training and certification for executives, management and project professionals.