Methods and Tools of Success Driven Project Management

Description:

Advanced project management methodology called Success Driven Project Management integrates scope, time, cost and risk management suggesting reliable tools for project planning and performance management.

SDPM is project management and performance analysis methodology developed in Russia in 90-s and since then successfully used in many projects, programs, and organizations in Russia, East Europe and Brazil. SDPM is supported by Russian PM software Spider Project but its basic approaches can be used with other PM software tools.

Success Driven Project Management includes risk planning and simulation for setting reliable project targets and selecting optimistic estimates for creating working schedules and budgets. The differences between target and scheduled finish dates, between target and optimistic project cost are called time and cost buffers. SDPM estimates buffer penetration by calculating probabilities to meet project targets (success probabilities) and analyzing their trends. Negative trends show that buffer penetrations are larger than expected and corrective actions shall be considered. Success probabilities depend on project performance, scope changes, risk changes.

Success probability trends are perfect project performance indicators that supply management with reliable integrative estimates of project performance. Success probability trends may be used as the only information about project performance at the top management level because this information is sufficient for performance estimation and decision making.

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