Webinar: Investment-Based Project Management 

Date: August 13th @ 11AM - 12PM CST

Guest Speaker: Stephen Devaux

Location: Zoom 

About Webinar:

In late 2024, PMI’s President and CEO Pierre LeManh wrote: “A successful project is one that delivers value worth the effort and expense, as perceived by key stakeholders. This clearly represents a shift for our profession… for doing anything in our power to improve the impact of our work and the value it generates at large.”

Wikipedia page (1st line): “Investment is traditionally defined as the "commitment of resources into something expected to gain value over time."

If “project” doesn’t fit that definition, what does? Every project is an investment, undertaken and funded only if expected to generate more value than it costs. The difference between the a project’s expected value and its budget is the expected project profit (EPP) and is the justification for every project and the cost of its resources. Profit is the prime metric of all other types of investments. Why not projects?

And, after all, what does the word “portfolio” mean if projects are not investments? 

In this webinar, Steve “the Bajan” Devaux will explore three new concepts, the first two of which were included in the Review Copy of the 8th Edition of PMI’s PMBOK Guide:

1. Critical path drag, or how much time each activity is adding to the project duration.

2. Drag cost, or the reduction in expected project profit (EPP) due to an activity’s drag.

3. The DIPP, an index for measuring and tracking the EPP for each project and thus to allocate resources most profitably across a portfolio.

Speaker Biography:

Stephen Devaux is President of Analytic Project Management of Waban, Massachusetts, founded in 1992. He is a project management consultant and educator, author of Managing Projects as Investments: Earned Value to Business Value, published 2014; and Total Project Control, 2nd edition, published 2015. He has trained and consulted with government and corporate entities for 37 years, and taught academically at six universities, including Brandeis, Suffolk, UMass Lowell and the University of the West Indies at Barbados.