Directly from the Gartner PPM & IT Governance Summit 2012 in London

In this podcast, Ricardo, directly from London, talks about the Gartner PPM & IT Governance Summit 2012, meeting to address Portfolio Management and IT Governance. He talks about the main topics discussed at the Summit, especially the strategic value and benefits of selecting the projects aligned with the company's strategy. About the Summit - Europe's premier gathering of program and portfolio management executives charged with improving how organizations select, implement and manage IT projects and investments. More information: http://www.gartner.com/technology/summits/emea/program-management/about.jsp

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Episode transcript

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Speaker 1 (4s): Hello everybody welcome to the five minutes BM Podcast today. Directly from the Gartner PPM and IT Governance Summit that is happening today and tomorrow in London to discuss Persia and portfolio management. And also IT Governance Summit I was very fortunate, have a participator in a panel discussion lab by Misha Pillai form of a BBC and to work. And also Matt Lite, senior vice president for Gartner and then Antonioni, and the head of transverse So bros at the office of BNP party back.

It was a wonderful discussion around the topic of benefits. Realization in this topic is becoming more and more relevant at all kinds of companies in right, is because the people are starting to understand that project management is not a matter of delivered on time and on budget is above and beyond that it's delivered strategic value. And the strategic Valley is completely related to benefit realization and why we are so fortunate to have this discussion, because this is the time because if we have reduced that amount of money available, reduce of team members, human resource and reduce timeframe, we need to choose better.

And the benefit realization is start when we are selecting our Portfolio. And this is the first challenge, because usually we use just financial metrics and we are not looking too much into these strategic measurements. And why does, because most of the companies are doing projects. We doubt any kind of link with the strategic Valley. They even do not know what is the real strategy of that company.

So this is a very bad start for the project selection process. So we need to create a process that can track potential benefit realization at the beginning. And after that, we have a lot of questions about how we can measure this, how we can measure the benefits after the project. And this is also a, be a big challenge because most of the people around project management, they do not stay after the pro's at this complete check the benefits, but we discuss that a lot that you can have a project office taken care of that in how we can do this.

You can track the benefit's, you propose it after the finish of the project. If the benefits can be only track it after the finish, and this could be an easy task for the, for the project officer or the Portfolio office is to check the criteria and how we can do this. We have a lot of them, the discussions between Matt and I regarding the return on investment. Some people are very favorable about the return on investment myself.

I think that the return on investment is a great tool, but we need to think above and beyond that only the money aspect, the money aspect must show the strategic valid. If you your return back a couple of weeks, when I, he was talking about the return on investment of the project office implementation, this is exactly what I'm talking about in the ROI. So its find a way of consider our world hi, as the benefit realization and not just the traditional ROI, that it's just the financial measurement, but as in a strategic measurement that we can track.

And of course, most of you are thinking, Oh, but we will be tracking the benefits after the project is complete. Yes, that's right. And why we need to do that because most of the benefits will be perceived not only at the end of the project and to do that, we can first start a learning process. If you do not reach the benefits you proposed, you need to check why this happened. This happened why I need one, understand that maybe in the past I did the wrong assumptions.

You can crack myself and they it's a learning process. It's a learning process. And you will not know we do this write in the first time. But if you do not start today, the challenge will be even bigger in the future. So this is what we need to think. So was a very good discussion and an extremely proud fashionable Summit. And I went to congratulate Gartner and also to congratulate PMI for giving me the opportunity to participate.

And right now on the way the Lisbon two go to the BMI Congress of Portugal chapter and dress me. Do you mean, you know what? We'll be the key topic, the Valley off a PM, exactly benefits realization. So this is a very hot and trendy topic that all of you that are listening this podcast should look for. Okay. I hope you enjoyed this podcast, soy for my part English and see you next week with another five minutes BM Podcast.

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