What are The Top 3 Values Project Management Brings to an Organization: The Elevator Pitch

In this week's episode, Ricardo talks about the three central values that project management brings to the organization that you could talk about in a brief speech in an Elevator Pitch.

The first: Project management is one of the most powerful tools to organize your workflow and prevent chaos from setting in. Regardless of the approach used, project management will define the criteria that will manage the flow of work within the organization.

The second: Ensure an alignment between the effort undertaken and the delivery of value. It is necessary to understand the objective and benefits that the project will bring to your client and your organization. Project management defines the value chain and measures the benefits.

The third: Mitigate project risks. Project management naturally helps to reduce risks, as there is a defined workflow.

Listen to this week's #5minpodcast to learn more.

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Episode transcript

The transcript is generated automatically by Podscribe, Sonix, Otter and other electronic transcription services.

Hello everyone, welcome to the Five Minutes Podcast. Today I like to address one question, I’ve received another day: “What would be my elevator pitch to highlight the top three values that project management can bring to an organization?” And if I had the chance, of course we can see many value propositions, but what would be my preferred three top values? First one Project management helps you and your organization to organize the flow of work. What do I mean by that? It reduces chaos. It helps the organization to have a consistent flow of work connecting the idea or the paper to the results. This kind of organization brings a lot of value to the organization because most of the time the organization face a complete chaos on managing its initiatives. The second benefit is assure alignment between the effort you are doing and the delivery of value. And this is such an important topic and this is, I would say, probably one of the most relevant ones because it connects all the effort you are doing to transform the idea into a product or service, and at the same time making sure that, for example, if you are customer centric, you are delivering the value to the client. It's not that you are just doing effort, fulfilling a scheduling or delivering, for example, what was supposed to be delivered on this sprint. And at the end the customer does not want that or you know, the value that you are expecting to be delivered just do not happen. So the project management helps you to add any time in the project that you make sure that your project is currently delivering value and it is still viable not only in terms of scale and cost but also in terms of value.

And the third, it's the last, but not the least. It mitigates risks every time you organize ideas using a Kanban board or using a Gantt chart, or using any kind of mapping tool that you may use, you are automatically mitigating risks just by knowing what you need to do. You are already mitigating risks. So one of the key values, because most of the time organizations face risks and face challenges because they do not organize the flow of work and because they do not organize the flow of work, the chaos creates a lot of opportunities and space for things to go wrong. Look, if you organize the flow of work, there is still a massive amount of risks. But if you do not organize anything, then the risks will skyrocket. It's like for you, imagine knowing a journey that you want to go from A to B, you still have plenty of risks. Imagine you starting your trip, turning on the engine of your car without even knowing what is the destination. So how you will calculate the amount of fuel you may need, the amount of energy if the tires you have are the right ones, you need really to organize. And these three are absolutely connected. And of course there are many others. But I think that these are the most sensible for every single client I'm working with, for every single company I talk. If you can manage and help the organization to organize the flow of work, making sure you are delivering value and you are running some way a tolerable level of risks. You are delivering a massive amount of value because the failure is a very expensive way to learn. Think about that and see you next week with another Five Minutes Podcast.

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What are The Top 3 Values Project Management Brings to an Organization: The Elevator Pitch

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