WORKING EXAMPLE - VALUE

You're leading a software development project to create an internal tool for a company. Initially, the tool was meant to automate routine tasks, but through feedback from the stakeholders, you realize that automating certain features can save the company a significant amount of time and money. As a project manager focused on value delivery, you prioritize these high-impact features, even if it means adjusting the original plan. By continuously engaging with stakeholders and aligning the project with the company's strategic goals, you ensure that the final product delivers the maximum value.

Why does PMI care about Value?

Value delivery is at the heart of project management because PMI emphasizes that every project should aim to deliver measurable, meaningful value to stakeholders and the organization. This principle goes beyond simply completing tasks; it’s about ensuring that the outcomes of a project align with the strategic goals and provide tangible benefits. Without a focus on value delivery, projects risk producing outputs that don’t meet stakeholder expectations or provide minimal benefit, leading to dissatisfaction and wasted resources.

Key PMP Exam Takeaway

Value delivery is about maximizing benefits for the organization.

For PMP questions, prioritize decisions that align with strategic goals and stakeholder needs. When asked about project success or outcomes, focus your answer on whether the project delivered measurable value, not just whether it met the original scope.

Value

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Introduction to the Principle-Based Approach

Overview of the 12 Principles

Deep Dive into the 12 Principles

Conclusion and Review