Project Management

Profitable Projects Please

A project has defined objectives, budget and timeframe.

I think a project also has something else. When the project is completed, you should be getting benefits from it. Why else would you be doing it? If you're clear about the benefits you expect from the project and you actually get those benefits...then you have a successful project.

We've all heard the old joke about surgeons....the operation was a success, but the patient died. Don't let your project only be a success on paper...make sure there are real results.

Some projects from my portfolio:

  1. Discovered and designed procedural and software changes to enable the business to recover the money from the Federal Government. Negotiated the software analysis and development costs with technology suppliers. Managed the overall project.

    Completed on time, on budget.

    Result: All of the costs were recovered within a month and the project earned a total profit of $1 million.

  2. Obtained financing and managed the $1.3 million office construction project. This four month project was complex as the office workers had to remain on site.

    Completed on time, on budget.

    Result: Zero office downtime even though some workstations were moved three times.

  3. Designed and implemented a $250,000 financial system (General Ledger, Payables, Receivables, Projects) for an engineering company within three months.

    Completed on time, on budget.

    Result: The company saved over $300,000 a year compared with the earlier system.