Project Management Failure Rates Can Seriously Impact a Company's Bottom Line.FranklinCovey's Project Management Workshops Help Organizations, Teams and Individuals to Start, Manage and Complete Work Projects More Effectively SALT LAKE CITY -- FranklinCovey (NYSE NYSE See: New York Stock Exchange :FC) today announced it has updated and enhanced its project management workshops (www.franklincovey.com/projectmanagement) with new content and tools to help organizations, teams and individuals to more effectively start, manage and complete their work projects. Many companies today face out-of-control costs brought on by projects that are full of changes, past deadline, over budget and that require more resources than originally projected. They are plagued by projects that constantly need modifications because they weren't well planned and executed the first time. And, late projects create unsatisfied customers, open the door to increased competition and can have serious financial impact on the bottom line. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a 2004 PricewaterhouseCoopers survey of senior management and project managers from 200 companies from 30 countries, only 2.5 percent of these companies had 100 percent of their projects on time, within budget, to scope and delivering the right business benefits. The same study shows that more than 60 percent of the companies surveyed do not offer regular staff development programs to help employees build the necessary capabilities and on a continuous basis to help them be successful in project management. "For years, organizations have struggled to get their projects done on time, within budget and scope. In the long run, it seriously impacts their bottom line," says Sean Covey cov·ey n. pl. cov·eys 1. A family or small flock of birds, especially partridge or quail. See Synonyms at flock1. 2. A small group, as of persons. , Senior Vice President and Chief Product Architect at FranklinCovey. "We have recently updated FranklinCovey's Project Management workshops with new content and tools to help companies dramatically improve their project management by using our proven four-step process, guaranteed to increase their project success rates." FranklinCovey's Four-Step Project Management Process is as follows: 1. Visualize - Clearly visualize the end results of the desired project. Project managers will learn to identify and interview key stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. by asking the right questions and creating buy-in and commitment from top management. 2. Plan - Identify what needs to be done to execute the project, including who needs to do certain items and when each item needs to be done. 3. Implement - Launch the project effectively by managing daily workloads. Participants will learn how to effectively work on and manage multiple projects and tasks. 4. Close - After creating evaluation methodology, measure the project success to verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. that project management needs are met and the desired business results obtained. Participants will also learn to: * Decrease costs through better planning and less rework re·work tr.v. re·worked, re·work·ing, re·works 1. To work over again; revise. 2. To subject to a repeated or new process. n. on projects * Hit project deadlines through smarter workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. management * Reduce time and money spent backtracking (algorithm) backtracking - A scheme for solving a series of sub-problems each of which may have multiple possible solutions and where the solution chosen for one sub-problem may affect the possible solutions of later sub-problems. and redoing a project plan * Strengthen cooperation and buy-in from team members and stakeholders * Gain greater control over a project's progress * Focus on the right project at the right time * Improve early recognition of potential problems and issues in projects Workshop Additions: * Updated and improved course content with new participant kit * New Project Management CD with template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the forms * Increased emphasis on technology tools, such as Microsoft Office Microsoft's primary desktop applications for Windows and Mac. Depending on the package, it includes some combination of Word, Excel, PowerPoint, Access and Outlook along with various Internet and other utilities. and Projects Plus for Microsoft Outlook For the e-mail and news client bundled with certain versions of Microsoft Windows, see . Microsoft Outlook or Outlook (full name Microsoft Office Outlook Availability and Pricing: FranklinCovey's Project Management Workshops are taught as a one-day public program and as a one- or two-day facilitator-led workshop. Facilitator certification is available for all facilitators wanting to teach both the one-day and two-day workshops within their organization. To see available workshop dates and pricing, please visit www.franklincovey.com/projectmanagement. Continuing Education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). Credits: FranklinCovey's Project Management workshops have been reviewed and approved by the Project Management Institute, the industry's body that awards the Project Management Professional (PMP See point-to-multipoint and portable media player. PMP - Portable Media Player ) certification. Participants can be awarded Continuing Education Credits for attendance. For more information on this workshop, please visit www.franklincovey.com/projectmanagement. About FranklinCovey FranklinCovey([R]) (NYSE:FC) is a global leader in effectiveness training, productivity tools, and assessment services for organizations and individuals. FranklinCovey helps companies succeed by unleashing the power of their workforce to focus and execute on top business priorities. Clients include 90 percent of the Fortune 100, more than 75 percent of the Fortune 500, thousands of small and mid-sized businesses, as well as numerous government entities and educational institutions. Organizations and individuals access FranklinCovey products and services through corporate training, licensed client facilitators, one-on-one coaching, public workshops, catalogs, 88 retail stores and www.franklincovey.com. FranklinCovey has nearly 1,500 associates providing professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and products in 39 offices and in 95 countries. |
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