1.1 Introduction to Enterprise Project Management
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6 hours 23 minutes
Hello and welcome to Enterprise Project Management.
I will be your instructor for this course, Dr Kane.
I first want to welcome you and thank you for taking the time to
go on a
journey of discovery of a very difficult and challenging topic.
We're moving beyond project management
into enterprise project management, which is a much more difficult and challenging skill set to master.
So here are some of the prerequisites that we recommend you have before you start the course,
we recommend that you have some business background in some years of experience in business,
it's helpful also to have experience with enterprise efforts.
Now, this could be something like opening a new store if you're a smaller business installing a new computer system if it was enterprise wide
things of that nature. So we're looking for some experience with
what amounts to enterprise projects, even if at the time you did not consider them to be inter enterprise projects. In addition,
we're looking for a basic understanding of projects in general. What separates a project from an operational task and what separates an enterprise project from a regular project?
These are all areas that if the more familiar. You have the more depth that you'll be able to draw out of this course.
In addition, we'd like you to have a basic understanding of finance and investments. What is R O I or return on investment? What is the payback period?
What is capital expenditures? Things of that nature, The goal here being that the more experience you have on the financial side,
the more you'll be able to appreciate where the investment mindset and some of these large expenditures can affect an organization.
So let's start with our learning objectives for this course. We want to be able, at the end of this course,
to understand the difference between projects and operations, as well as how projects impact operations and vice versa.
We want to understand different types of strategies and these organizational strategies. And really, this is a cognitive process whereby
state what your objectives are and the actual mechanism of being able to achieve those objectives, which is known a strategy execution.
We want you to be ableto understand types of organizational structures.
Different structures have different ways that they handle certain projects, especially enterprise projects. So we're gonna look at all the different types of organizations and how those Impact Enterprise Project management.
You also will understand the purpose of a project management office in an enterprise product management office otherwise known as an e p M. O. And some of you may not be familiar with the e p m. O. And that's fine. We'll get into it in some detail, but it's a relatively new phenomenon within enterprise. Project management
will also understand enterprise project, government structures and these air different than your PMO. Yuri P. M o These air the specific government structures around your enterprise projects. This would be your project steering committee and executive steering committee. How do they help the project?
You successful? How do they facilitate
the project managers needs as their undertaking These large, complex enterprise projects
and these air needed governance structures. As you'll learn later on. In the course enterprise project management is very difficult and challenging, and the success rate is surprisingly low.
We're going to determine the best approach to enterprise projects. We're going to get into the strategy, not of the organization,
but the strategy of the project management approach itself will look at deliberate versus emerging strategy and some different types of reasoning that goes into developing that enterprise project strategy. And again, this is different
then the strategy that you would use for your organization. Although they typically
dovetail they're not necessarily the same thing.
We're going to learn how to oversee enterprise projects, transition these projects through their entire life cycle, which starts at ideation and ends through, hopefully a successful completion.
And we're gonna learn how to apply best practices and lessons learned
at the conclusion of our enterprise project so that we can be more successful at the next enterprise project. Because the one thing that I think most folks that air on Cyber Eri understand
with the detested digitization of business and the increase in the pace
at which organizations are changing
enterprise project management is becoming more and more a staple of organizational survival.
So I got my start in Enterprise Project Management in the late nineties early two thousands with a
attempt to take to merge companies and streamline their technology into one. I was on the project. Tina was not the project manager. The project was unsuccessful to the tune of $250 million so very early on in my career. I was interested
and sort of shocked at how difficult these projects were and how much money
you could end up losing.
I then joined the military retired of the master diver sauce Um, Department of Defense related projects,
and I now consult for the state of Florida undertaking large scale I t projects.
questions that you can ask yourself,
Have you ever drafted a vision or mission statement for your department organization?
And if you have think about those experiences and how difficult it waas to draft a concise
vision and mission statement, that the better they are, typically they sure they are. And the shorter they are, the more difficult they are to draft.
But the really, really good ones are
short, concise and adequately state. What the mission Vision is for the organization
now, If you've never done that, that's okay.
But think back to your current mission. Envision statement. Do you even know it?
And if you do know it,
I think about what you're doing in your current role, and how do you contribute
to the mission vision of your organization? If you don't know today, that's fine,
but I'm just trying to illustrate that when we get into Enterprise Project Management,
what were ultimately looking at is to have the organization and all the members of the organization pulling in the same direction, and we'll look at some case studies or that did not occur
later on in the course and some of the problems that were brought up because of that.
Do you have a basic understanding of projects? You know, the difference between projects and operations? And if you do the next question to move from that
that PM product management world
into the enterprise project management world is Do you have the desire to master the art of strategy, execution? And if you do, I think you really enjoy the course. And again,
don't be afraid of failure because this is an extraordinarily difficult and complicated process by which we try to execute strategy at the organizational level.
And do you have a basic understanding of finance and investments?
Do you want to learn more about our oh, I the Payback Period Capital expenditures
Enterprise Project management touches on so many different departments, and the investments that the organization makes are so huge
that you will find yourself interfacing with both the I T or other department
and the C suite, The CFO, your finance folks. And so the better you understand the world lens of a CFO or the finance department of your organization, the better you'll be able to explain to them in project management terms
what they need to hear and understand, so that everybody's on the same page.
In conclusion, I'm glad you're here. This is a extraordinarily again complicated, challenging topic. It's going to be quite the journey, and I'm glad you're here to embark on it with me.
I'm really excited that you would like to improve your enterprise project management skills. I'll be the 1st 1 to admit that I am a total PM nerd and this type. Of course, I very much enjoy instructing
during the rest of the course.
Please feel free to replay the videos as needed. Until you have mastered the subject at hand. Some of these air go fairly in depth, and if you get lost somewhere, that's fine. Posit video back up and play again.
I think that the more you watch some of these individual videos them or they will make sense to you. It is a complicated topic, but I will try to go as slow as I can for everybody.