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Duration: 16 hours
Skill Level: Intermediate
Executive Summary
During the PVMP course, participants, such as technology project managers and IT service leaders, learn a practical approach to enhance collaboration and communication with stakeholders, such as software product and technology benefactors and beneficiaries, ensuring alignment and value creation throughout the implementation stages. Participants learn to identify customer needs and better define the technology solution value, which is pivotal, prompting active engagement to validate requirements, prioritize tech solutions and project issues based on business value and customer needs, and ensure the realization of business outcomes.
By focusing on benefits realization and technology outcomes realization, IT project leaders and their operational teams can track and measure key performance indicators (KPIs) and expected outcomes against predefined success criteria, actively engaging stakeholders to maximize the value of implemented digital products and technology solutions.
By focusing on benefits realization and technology outcomes realization, IT project leaders and their operational teams can track and measure key performance indicators (KPIs) and expected outcomes against predefined success criteria, actively engaging stakeholders to maximize the value of implemented digital products and technology solutions.
Description
The Project Value Management Professional (PVMP™) program teaches project leaders and product and project beneficiaries and benefactors how to prepare a practical, measurable, and executable Project Business Value Plan with a clearly defined operational causation and measurable business outcomes to increase the likelihood of realizing the business outcomes from projects, products, solutions, and digital transformation initiatives.
The BVP approach provides a practical methodology and the “how-to” skills to identify, assess, measure, and manage a project's tangible and intangible benefits.
By bringing together all the relevant value-creation activities across all project stakeholders, coordinating, communicating, and tracking benefits will become more streamlined and easier to manage.
The PVMP course is based on the StrategyOps Framework, which includes proprietary and unique Excellence in Value Creation (EVC™) methods taught to over 10,000 people globally since 2015.
Projects that apply the EVC enabling methods from the StrategyOps Framework have a considerably higher chance of success because the project stakeholders learn to proactively collaborate in identifying, measuring, quantifying, and realizing the operational, economic, and strategic benefits of the solutions involved in the project.
PVMP complements other popular certification programs and certifications, such as PMP, ITIL, Lean, DevOps, Scrum, and PRINCE2 certifications. PVMP provides “how-to” skills to identify, assess, measure, and communicate tangible and intangible benefits from any project or solution.
The BVP approach provides a practical methodology and the “how-to” skills to identify, assess, measure, and manage a project's tangible and intangible benefits.
By bringing together all the relevant value-creation activities across all project stakeholders, coordinating, communicating, and tracking benefits will become more streamlined and easier to manage.
The PVMP course is based on the StrategyOps Framework, which includes proprietary and unique Excellence in Value Creation (EVC™) methods taught to over 10,000 people globally since 2015.
Projects that apply the EVC enabling methods from the StrategyOps Framework have a considerably higher chance of success because the project stakeholders learn to proactively collaborate in identifying, measuring, quantifying, and realizing the operational, economic, and strategic benefits of the solutions involved in the project.
PVMP complements other popular certification programs and certifications, such as PMP, ITIL, Lean, DevOps, Scrum, and PRINCE2 certifications. PVMP provides “how-to” skills to identify, assess, measure, and communicate tangible and intangible benefits from any project or solution.
Thousands of individuals have become certified in PVMP and StrategyOps methods from companies such as:
ABBAccentureAscena RetailAtosAvizexAxtel NetworksCommScopeDELLGrupo LalaHPEHuntington BankIBMiGrafxKIO NetworksMicrosoftHylantNationwide Childrens HospitalNationwide InsuranceOhioHealthOracleProgressive Insurance SalesforceServiceNowSiemensState of OhioT-CetraThe Ohio State UniversityUniversity of AkronVictoria’s SecretWindval Technologies
Who is this course for?• Project Managers and PMO Leaders.• Professional Services consultants and leaders.• IT Strategists, Value Engineering Leaders.• Solution Architects.• IT, Engineering, and Product Development Managers.• Business Relationship Managers and Business Analysts.• Enterprise Architects and Solution Architects.• CIOs, CTOs, CDOs, and COOs.• Members and leaders of DevOps, Operations, and Application Development teams.• Individuals involved in new projects, software development, operations, and services management.• Individuals that create or participate in developing Business Cases.• Anyone directly or indirectly involved in assessing and communicating value creation and in the realization of benefits from a project, solution, or initiative.
What will I achieve after I become a Certified PVMP?• How to write and prepare a compelling and measurable Business Value Creation story for any project.• Know how to identify, assess, and measure the benefits and operational and strategic value of projects, initiatives, and solutions.• Turn a business case into an actionable Business Value Plan (BVP).• Assist stakeholders in tracking the correct KPIs, including Customer Outcome Agreements (COAs), to improve the likelihood of realizing the solution and project benefits.• Manage and coordinate the tracking of benefits' capabilities and outcomes throughout the phases of a project or program's life cycle.• Categorizing benefits by the level of uncertainty• Collaborate with C-lever executives and internal or external clients on the realization of the benefits of the project.
What PVMP doesn’t cover?• Means of economically quantifying Outcomes and benefits *• Quantifying the economic risk of not investing **Note: these are additional course sections from the StrategyOps framework that can be added to PVMP for an additional fee. The participants will receive: Officially accredited student material Practical exercises and use cases Course completion diploma The official certification exam by the StrategyOps Institute is optional and has an additional cost.
What PVMP doesn’t cover?• Means of economically quantifying Outcomes and benefits *• Quantifying the economic risk of not investing **Note: these are additional course sections from the StrategyOps framework that can be added to PVMP for an additional fee. The participants will receive: Officially accredited student material Practical exercises and use cases Course completion diploma The official certification exam by the StrategyOps Institute is optional and has an additional cost.
To better collaborate with stakeholders and realize the business value and outcomes of a project, project managers learn to engage in various activities beyond managing project activities and costs:
1. Stakeholder Value Creation Collaboration: Project managers must establish clear and consistent communication channels with stakeholders throughout the project lifecycle. This must include regular updates on the expected outcomes, addressing constraints and dependencies that may impact the expected solution and product benefits and outcomes, and soliciting feedback to ensure strategic alignment with stakeholder expected results.
2. Requirements Validation and Management: Understanding stakeholder needs and solution value is crucial for project success. Project managers should actively engage stakeholders to prompt requirements, prioritize them based on business value, and ensure effective project management.
3. Outcomes Uncertainty Management: A critical aspect of project management, identifying, assessing, and mitigating risks, dependencies, and uncertainty of benefits realization is essential for safeguarding project outcomes. Project managers should involve stakeholders in risk identification and project decision-making activities to address potential threats and capitalize on the project's business outcomes.
4. Benefits Realization: Project managers should focus not only on project deliverables and tracking costs but also on realizing intended business benefits. This involves tracking and measuring the benefactor's KPIs (such as SLAs and OLAs) and the customer's expected outcomes (including OKRs) against predefined success criteria, monitoring post-project performance, and actively engaging stakeholders to maximize the value of the products and solutions implemented during the project's life.