Management - Construction Industry Institute

Report
Managing a Portfolio of Projects –
A Playbook for Success
Sandra MacGillivray, Coreworx
Research Team 303, Managing a Portfolio of Projects – Metrics for Improvement
2014 CII Annual Conference
July 21–23 • Indianapolis, Indiana
Don’t Get Surprised - A Playbook for Success
What is Portfolio Management?
A group of related or unrelated
projects and/or programs
managed by a single individual –
the portfolio manager
The Challenges
Achieving consistently high performance
across all projects
Aligning with client expectations
Realizing economies of scale in
project organization
Meeting organizational goals
The Benefits
Standardization of metrics and processes
Improved financial management
Effective resource management
Robust risk management
Culture for continuous improvement
RT 303, Managing a Portfolio of Projects – Metrics for Improvement
Baabak Ashuri, Georgia Tech
John Logan, Irving Oil, Ltd.
Rob Bailey, Fluor Corporation
Sandra MacGillivray, Coreworx
Scott Bergoon, Hargrove Engineers +
Constructors
Reza Masoumi, Northeastern University
Fred Delie, Georgia-Pacific, LLC
Charlie O’Hanlon, Architect of the Capitol
James Dyer, WorleyParsons
Marie Robinson, Jacobs
Mohamed El-Mehalawi, Faithful+Gould
Mohsen Shahandashti, Georgia Tech
Roger Haynes, ConocoPhillips
Shaun Tatum, Southern Company
Roger Holtzclaw, BP
Ali Touran, Northeastern University
Vincent Huang, Parsons
Davy Wilson, BP
Rick Ikasalo, SABIC
Tim Wolf, Anheuser-Busch InBev
Gary Lanier, URS Corporation
Edward Minchin, University of Florida
Essential Question
Which practices, techniques, processes,
and technology are most effective for
managing a portfolio of projects?
Methodology
Collect
Data
• Industry Survey
• Interviews
• Case Studies
Analyze
Data
• Identify Success Drivers
• Identify Recommended Practices
Develop
Tool
• Portfolio
Management
Playbook
Key Findings – Formation Strategies
Owners
• Budget control
• Aid in project selection and prioritization
Contractors
• Align with client requirements
• Align with client processes
Key Findings – The Role of Portfolio Manager
Common Career Path
Project
Engineer
Project
Manager
Portfolio
Manager
Technical – Leadership – Management – Communications
Key Findings – Performance Management
Key Results Areas (KRAs)
• Schedule
• Cost / Cash Flow
• Safety and Environment
• Change Management/ Scope
• Quality
• Resource Allocation
• Risk Management
• Procurement and Supply-Chain
Management
• Client Satisfaction
Key Findings – Recommended Practices
Financials
Lessons
Learned
Risks
Resources
Portfolio
Management
Front End
Planning
Implementation Session
The Portfolio Management Playbook
Learn more about the Playbook and
how it can improve portfolio management:
• Formation strategies
• Role of the Portfolio Manager
• Performance management
• Recommended practices
• Implementation methodology
Portfolio
management
Playbook
Implementation Session
Case Study:
Portfolio Management in Action
• A real-life portfolio management system
applied across multiple projects and
portfolios
• Standardizing and improving overall project
and portfolio delivery
• Demonstration of a portfolio data
visualization toolset
How Can This Research Help Me?
• Considering
using portfolio
management?
• Already using
portfolio
management?
Analytics,
Reporting
Data Collection
and Management
Standardized Processes
and Tools
Standards and Guidelines
Come to our Implementation Session
Moderator
Gary Lanier, URS Corporation
Panel
Baabak Ashuri, Georgia Tech
Rick Ikasalo, SABIC
James Dyer, WorleyParsons
Vincent Huang, Parsons
Roger Holtzclaw, BP
Grand Ballroom 3-4
11:30 a.m.
1:30 p.m.

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