Completing Projects Faster While Reducing Costs
8
1 Completing Projects Completing Projects Faster While Reducing Faster While Reducing Costs Costs Most Organizations Have the Most Organizations Have the Potential! Potential! Improving Technical Productivity
description
Wouldn’t it be nice to get projects completed faster and at a lower cost? This might seem far-fetched but the reality is that most organizations have the potential to achieve faster cycle times while reducing their spending on projects.
Transcript of Completing Projects Faster While Reducing Costs
1
Completing Projects Faster Completing Projects Faster While Reducing CostsWhile Reducing Costs
Most Organizations Have the Most Organizations Have the Potential!Potential!
Improving Technical Productivity
2
Efficiency vs. Completion Time Tradeoff Efficiency vs. Completion Time Tradeoff
Project
Cost
Time to Complete
IneffectiveInefficient
Most companies are in this range
Fast completion
time target
faster
The curve represents the lowest possible cost
to achieve specific project completion time.
©2009 Auxilium, Inc. All rights reserved.
3
Typical Path for Accelerated ProjectsTypical Path for Accelerated Projects
Project
Cost
Time to Complete
IneffectiveInefficient
Target
faster
Typical Typical outcome when throwing money at a project to speed up
completion.
©2009 Auxilium, Inc. All rights reserved.
4
How Can You Optimize Time-to-How Can You Optimize Time-to-Market and Efficiency?Market and Efficiency?
Project
Cost
Time to Complete
IneffectiveInefficient
Target
faster
©2009 Auxilium, Inc. All rights reserved.
5©2006 Auxilium, Inc. All rights reserved.
Calculate the Costs of DelayCalculate the Costs of Delay
How much revenue/profit is lost for every How much revenue/profit is lost for every day, week, or month delivery is delayed?day, week, or month delivery is delayed?
How much is spent for development How much is spent for development resources tied up during the delayed resources tied up during the delayed period?period?
What are the costs of missed opportunities What are the costs of missed opportunities while the resources aren’t available for new while the resources aren’t available for new projects?projects?
6©2009 Auxilium, Inc. All rights reserved.
Answer These QuestionsAnswer These Questions
What bottlenecks affect your cycle time?What bottlenecks affect your cycle time?
What process deficiencies impact cycle time What process deficiencies impact cycle time and cost?and cost?
Are you using the best lifecycle model?Are you using the best lifecycle model?
7©2009 Auxilium, Inc. All rights reserved.
And These…And These…
WHO is actively ensuring maximum WHO is actively ensuring maximum efficiency for the given cycle time goals?efficiency for the given cycle time goals?
Do your RISK MANAGEMENT practices Do your RISK MANAGEMENT practices enable your team to achieve best-case enable your team to achieve best-case results?results?
8
If these are not easy questions If these are not easy questions to answer and resolve…to answer and resolve…
……investing in the assessment and investing in the assessment and solutions for both short-term and long-solutions for both short-term and long-term results is well worth the money.term results is well worth the money.
Improving Technical Productivity
800-577-3528
www.aux-consult.com
