S6E132: Best Value Performance Management and Palms Up Approaches with Richard Plumery

In this episode, Val ventures in Han Solo fashion discussing the best value performance metrics approaches with Rich Plumery. Rich provides a non-linear and diverse background with which he credits his understanding of what works on projects. 

Rich discusses his findings and summation of the Project Controls 10 commandments 

Thou shall:

1) Eliminate systemic risks within the organization

2) Provide an unbiased objective view (verify )

3) Focus more on critical risks and report on them more frequently

4) Keep risk management active and aware throughout the execution

5) Be where the work is more than where your desk is

6) Manage and report change rigorously and rapidly

7) More about analytical analysis than information production

8) Analyze trends and use leading indicators

9) Look forward with good planning and backward by using solid historical knowledge

10) Provide the best value by doing the other Nine Commandments (build credibility in our craft)

You can also see further work here- https://www.linkedin.com/pulse/project-controls-ten-commandments-rich-plumery-pmp-evp/

Rich Plumery is an international speaker, published author and subject matter expert on project delivery and performance management. Rich is a Technical Board Director for the Association for the Advancement of Cost Engineering (AACE) International, which sets the guidelines for many of our industry practices. Rich has unique experiences outside the industry as he started and sold several businesses including a tactical supply business and sports performance coaching business teaching speed, power, agility and balance. This business coached hundreds of professional athletes and prepared over 200 college athletes for the NFL Combine. He also runs a foundation to support developmentally challenged adults in the local community. He has learned to apply many of the learnings from these unique experiences to capital project industry management and leadership.

Rich has been with AECOM legacy companies since the late 80’s and his expertise covers every aspect of project delivery including risk management, planning, scheduling, cost control, change management, budgeting, engineering, design, construction, construction management, operations, contracts, finance, estimating, and performance management.

This has led Rich to be innovative in creating approaches to overcome some of the industry's toughest challenges such as the conundrum of Earned Value false reads and manipulation vulnerabilities.  Rich's Best Value Performance Management system was revealed in his seminal Best Value paper in 2013 published by AACE International. His current Palms Up approach to project and operational leadership is another game changer for project-based industries and beyond.

Rich is currently the Senior Vice President of AECOM’s Project Delivery & Controls group for all the Americas regions. In his current role he is responsible for supporting project delivery (Project Management, Project Controls, Procurement, Quality, and Project Risk Management) for over 30,00 projects in the Americas and teaching and certifying over 7,000 Project Managers globally.

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