Doing the numbers

When this author delivered a career development lecture to a PMI chapter, he asked his audience: "How many of you know your company's business model and how your project is aligned with your organization's mission critical objectives?" Out of the 80 project managers in attendance, less than eight--less than ten percent--raised their hands. This article discusses the critical factors project managers must understand and practice to ensure the health of their projects and their career. It argues that practitioners who fail to do so--who lack clear and demonstrable evidence proving the organizational value of their projects--are vulnerable to executive action, action that results in the cancelled project and downsized positions. It also lists six measures for gauging a project's return on investment (ROI), information which can prove to executives the significance and relevance of a project to the organization's objectives.
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