S5E108: The Project Controls & Benefits Management Standard with Steve Wake
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’. For more information, blogs or to support our charities visit www.projectchatterpodcast.com If you'd like to sponsor the podcast get in touch via our website. You can also leave us a voice message via our anchor page and let us know if there's something or someone specific that you would like on the podcast. Proudly sponsored by: JustDo - https://www.justdo.com/ PlanAcademy - https://www.planacademy.com/chatter/ ($75 off any course) InEight - https://ineight.com/ Prosci - https://empower.prosci.com/project-ch... (FREE resource kit) Stay safe, be disruptive and have fun doing it! #ProjectManagement #Blockchain #PMO #ProjectControls #Leadership #Culture #ProjectCertifications #EVA25#EVA25 eVa23 – Anticipation The best independent event for the project professionals who like to think about what they do! 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