Introduction:

In today’s fast-paced business environment, successful project management is not only about delivering projects on time and within budget but also about ensuring that the project delivers maximum value to stakeholders. This 5-day training course focuses on the principles of value-driven project management, helping project managers understand how to create, deliver, and capture value throughout the project lifecycle. By focusing on stakeholder satisfaction, risk management, resource optimization, and strategic alignment, participants will learn how to apply value-driven decision-making methods to improve project outcomes and align them with organizational goals.

Objectives:

By the end of this course, participants will:

1. Understand the concept of value-driven project management and its key principles.
2. Learn how to identify and prioritize stakeholders’ needs and expectations.
3. Develop the skills to align project goals with strategic objectives.
4. Gain the ability to optimize resources and minimize risks while delivering high value.
5. Learn how to measure and track value throughout the project lifecycle.
6. Understand the role of effective communication, leadership, and decision-making in value-driven project management.
7. Be prepared to implement value-driven strategies in real-world projects.

Who Should Attend:

This course is designed for professionals involved in managing projects or leading project teams, including:

• Project Managers and Team Leaders
• Program Managers
• Senior Managers and Executives overseeing project portfolios
• Consultants and Contractors
• Stakeholder Engagement and Communication Professionals
• Anyone interested in understanding value-driven approaches to project management

Course Outline:

Day 1: Introduction to Value-Driven Project Management

• Session 1: What is Value-Driven Project Management?
  • Definition and Key Principles of Value-Driven Project Management
  • The Role of Value in Projects: Beyond Time, Cost, and Scope
  • Understanding Stakeholder Value: How to Align Projects with Organizational Strategy
• Session 2: Aligning Project Goals with Strategic Objectives
  • The Importance of Project Alignment with Organizational Vision and Goals
  • Identifying Key Strategic Drivers and Translating Them into Project Objectives
  • Setting SMART (Specific, Measurable, Achievable, Relevant, Time-bound) Goals
• Session 3: The Value Life Cycle
  • Defining and Tracking Value from Initiation to Closure
  • Value Definition, Delivery, and Measurement Throughout the Project Life Cycle
  • Tools for Managing Value: Value Streams, Value Mapping, and ROI Analysis
• Activity: Group Discussion – Identifying Value Drivers in Real-World Projects

Day 2: Identifying and Engaging Stakeholders

• Session 1: Stakeholder Analysis and Engagement
  • Identifying Key Stakeholders: Internal vs. External, Direct vs. Indirect
  • Mapping Stakeholder Needs, Expectations, and Influence
  • Developing Stakeholder Engagement Strategies
• Session 2: Communicating Value to Stakeholders
  • Techniques for Communicating Project Value and Progress to Stakeholders
  • Managing Stakeholder Expectations Through Effective Communication
  • Tools for Stakeholder Reporting: Dashboards, Progress Reports, and Presentations
• Session 3: Managing Stakeholder Conflicts
  • Handling Competing Priorities and Expectations
  • Conflict Resolution Strategies: Negotiation, Mediation, and Collaboration
  • Maintaining Positive Relationships Throughout the Project Lifecycle
• Activity: Workshop – Creating a Stakeholder Map for a Hypothetical Project

Day 3: Optimizing Resources and Managing Risks

• Session 1: Resource Optimization in Value-Driven Projects
  • Identifying Key Resources: People, Time, Money, and Materials
  • Optimizing Resource Allocation to Maximize Value Delivery
  • Resource-Leveling Techniques and Managing Resource Constraints
• Session 2: Risk Management and Value Creation
  • Risk Identification and Analysis: How Risks Impact Project Value
  • Risk Mitigation Strategies: Reducing Uncertainty and Enhancing Value Delivery
  • Risk-Reward Tradeoffs: Managing Risks While Delivering High Value
• Session 3: Creating Value Through Lean Project Management
  • Principles of Lean Project Management: Eliminating Waste, Enhancing Flow
  • Tools and Techniques: Kaizen, 5S, Value Stream Mapping, and Just-In-Time Management
  • Aligning Lean Practices with Value-Driven Project Goals
• Activity: Hands-on Exercise – Identifying Risks and Resource Constraints in a Project Scenario

Day 4: Value Measurement and Performance Tracking

• Session 1: Defining Value Metrics
  • Key Performance Indicators (KPIs) for Measuring Project Value
  • Measuring Financial and Non-Financial Value: ROI, NPV, Customer Satisfaction
  • Tools for Tracking Project Value: Earned Value Management (EVM), Balanced Scorecard
• Session 2: Value Delivery and Monitoring
  • Real-Time Monitoring of Project Progress and Performance
  • Tools and Techniques for Monitoring Value Delivery: Dashboards, Reporting Tools, and KPIs
  • Adjusting Course Based on Performance and Stakeholder Feedback
• Session 3: Evaluating Project Success Beyond the Triple Constraint
  • The Broader Definition of Project Success: Meeting Stakeholder Expectations
  • How to Evaluate Long-Term Value Delivery and Sustainability
  • Continuous Improvement: Learning from Completed Projects to Enhance Future Value Delivery
• Activity: Case Study – Evaluating the Success of a Value-Driven Project Based on Metrics

Day 5: Leadership, Decision Making, and Future Trends in Value-Driven Project Management

• Session 1: Leadership in Value-Driven Project Management
  • The Role of Leadership in Delivering Project Value
  • Leading Value-Oriented Teams: Motivating, Empowering, and Engaging Team Members
  • Decision-Making Frameworks: Value vs. Cost and the Long-Term Impact of Choices
• Session 2: Decision-Making for Value Delivery
  • The Importance of Informed Decision Making: Data-Driven and Intuitive Approaches
  • Balancing Competing Demands to Maximize Value for Stakeholders
  • Techniques for Prioritizing Project Tasks and Deliverables Based on Value Impact
• Session 3: Emerging Trends in Value-Driven Project Management
  • Digital Transformation in Project Management: AI, Automation, and Big Data
  • The Role of Sustainability and Corporate Social Responsibility in Value Creation
  • Future Skills for Project Managers in a Value-Driven World
• Activity: Final Group Discussion – How Emerging Trends Can Enhance Value Delivery in Future Projects

Course Delivery:

• Interactive Lectures: Detailed explanations of value-driven project management concepts and principles.
• Case Studies: In-depth analysis of real-world projects that successfully applied value-driven project management techniques.
• Workshops and Exercises: Hands-on activities for creating value-driven strategies, identifying value metrics, and optimizing resource allocation.
• Group Discussions: Collaborative conversations on applying value-driven principles in different industries and project types.
• Tools and Templates: Access to tools such as stakeholder analysis templates, value mapping sheets, and performance tracking dashboards.