In this week’s pod, we welcomed back Steve Wake to discuss the Project Controls & Benefits Management Standard.
Steve is at the forefront of the development of national and international standards in Project Controls and Management. A genuine thought-leader. A super-connector. A maven.
He is Chairman of the Management Standards committee of the BSi. Currently progressing Project Controls and Benefits Management. He is an internationally acknowledged expert on Earned Value Project Management.
Steve works with government, national and international bodies and academia as a subject matter expert as well as on matters of governance. Steve was one of the authors of Agile Portfolios with ABC. He has worked in the automotive, print aerospace, defence, insurance and I.T. industries as a project manager and consultant.
He led the Association for Project Management to their award of Royal Charter. He is Chief examiner for EVM and Planning with APMG. He curates and chairs his own highly-regarded EVA conferences - now in its 26th year!
He is a visiting lecturer at Warwick WMG, Cranfield and UCL. He has an MA in Manpower specialising in the sociology and psychology of organisations and is a member of the London Mozart Players Development Group. His long passion for all kinds of music is almost matched by his continued appreciation of silence.
The main topics we discussed on the podcast were as follows:
Benefits Management came about from a British Standard document (BS 6079)
Many contracts are adversarial. Law is about consent, not compulsion.
The Project Control Implementation Standards guide is still being written
Having a common data format across all projects would enable better data analytics
Anyone can contribute to the development and elaboration of a Standard
It is possible to time phase the benefits over the course of a project. The Project Controls community can assist with the monitoring and measurement
Having a British Standard on Benefits Management will help contract practice
We should try and incentivise Contractors to think about Benefits
Here are links to a some of the concepts we discussed:
EVA 26 - Steve Wake's EVA in the UK - Conversation Club - https://evaintheuk.org/
BS 6079 Project Management Principles and Guidance - https://www.bsigroup.com/en-GB/standards/bs-6079-project-management/
Practice Standard for Earned Value Management: https://www.pmi.org/pmbok-guide-standards/framework/earned-value-management-2nd
Projects Leaving the Government Major Project Portfolio: https://www.nao.org.uk/press-release/projects-leaving-the-government-major-projects-portfolio/
Tune in next week when we’re joined by Rupert Taylor to talk about how to kill the Powerpoint and Excel ‘industry’.
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bsigroup.combsigroup.com
BS 6079 Project Management
BS 6079 Project Management (457 kB)
https://www.bsigroup.com/en-GB/standards/bs-6079-project-management/
pmi.orgpmi.org
Practice Standard for Earned Value Management
Earned Value Management (EVM) helps you clearly and objectively see where your project is headed and compare that condition to where it should be regarding scope, schedule and costs
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