Value-Based Metrics for Improving Results: An Enterprise Project Management Toolkit

Generally speaking in the course of business management, the cause and effect of successful project delivery efforts can have a profound effect on a business. Many businesses organize themselves into multiple lines of business that focus on specific products and/or services. In this model, these lines of business often operate with a large degree of autonomy from each other. The exception is cross-functional project investments, which add more complexity and commitment to managing project delivery initiatives. This additional complexity increases the risk to tangent project initiatives within the line of business. Often, intra-line-of-business projects utilize the same human capital in numerous projects, all working toward a different delivery goal. Management of these resources becomes more and more difficult and less and less effective each time another project is added that requires some of the currently allocated resources. Over time, it becomes increasingly clear that a higher authority is needed within the business to prioritize work that determines what is strategically important to the business so the assigned resources can work the work in the correct order. That higher authority is corporate governance.
The role responsibility of corporate governance is to effectively steer the business to produce in the most optimal manner each fiscal year (throughput). In order to provide the very best senior management direction, the corporate governance team needs a tactical understanding of current progress from the projects identified as strategic to the business. The fiscal year strategic plan represents the baseline expectations of the business...