Driving Speed with Agile Principles-REGISTRATION CLOSED
John Johnson, PMP, CSM, SPC
PMIWDC Non-Member Rate
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Speed is by far the most sought-after benefit today in Agile project management, according to VerizonOne’s State of Agile in 2018. The only constant is change, and the only way to combat change is to release and realize benefits quickly while objectives and their specifications fit business needs. According to PMI’s Pulse of the Profession, 71% of organizations are adopting Agile for just this reason and many are focused on Benefits Realization. One primary driver is the cost of delaying a project, which is often so great that companies should be willing to pay up to three times (3x) the market labor rate for two times (2x) the speed. In a market where “software is eating up the world” and we can sequence a human genome for less than $1,000, companies are shying away from investments that take longer than 12 to 18 months to deliver. The Solution? Agile management. Beyond the benefits of limiting scope and releasing incrementally and iteratively, there is a hidden advantage in reducing scope: the pareto principle. Most of your scope is superfluous in a project, eighty percent of the scope can be cut and will only reduce the value by twenty percent. The remaining twenty percent of valuable scope has a four-to-one (4:1) greater ROI than the original project, and a sixteen-to-one (16:1) advantage over the scope NOT done. We can take this relationship even farther in some cases and reduce scope to just four percent of the original project and still realize over half (64%) of the value by applying the iterative pareto principle. Projects can deliver twenty-five times (25x) faster with a ROI that’s sixteen times (16x) greater by relentless targeting scope. This isn’t just theory. Apple, Google, and even most small businesses experience this reality with their portfolios dominated by one product, one service, or one customer at the rate of 64% to 70%. It’s the reality of the “tyranny of the few” that drives us to focus on the true value we offer and how to unleash that value by finding our “one thing.”
This presentation will include excerpts from the EdX course series “Agile Project Management” and rely on its primary references of “The One Thing…” by Gary Keller and Jay Papasan, “Critical Chain” by Eliyahu Goldratt, and “F.I.R.E. …” by Dan Ward.
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About the Speakers
John Johnson, PMP, CSM, SPC
John Johnson serves as the President and CEO of PM Dynamics LLC, as well as Adjunct Faculty at the University of Maryland, College Park, Project Management Center for Excellence. PM Dynamics is a small startup consultancy promotes online and in-person training for adult learners on project management. PM Dynamics also provides strategic consulting for federal acquisitions and procurement strategies; project management consulting; and systems engineering. Mr. Johnson teaches graduate courses on Agile and Predictive management at the University of Maryland’s Project Management Program. His recent Agile Project Management series on EdX was highlighted as the #1 Professional Certificate for massive online open courses (MOOCs) globally by the premier MOOC reviewer Class-Central.com with over 40,000 enrollments in 8 months. He has 10 years of project management, systems engineering, and advanced analytics experience leading large teams as an Agile PM at IBM and Booz Allen, as well as CTO of Softek Enterprises LLC.
About the PM Industry Insights
PM Industry Insights is PMIWDC's workshop series that addresses the practical aspects of Project Management.
These sessions are to provide you with insights on what is going on in the local industry so you can learn from it. This discussion-based session will include presentations on tools, industry panels, interviews with industry experts, workshops, etc. The target presenters will be individuals from PMO’s, university professors, consultants, etc.
Both PM Industry Insights and the monthly dinner meeting are worth 1 Professional Development Unit (PDU) each to certified PMPs. Continued certification as a PMP requires the accumulation of these valuable credits and we are pleased to offer this opportunity to obtain both the important training and the educational credit associated with it.