Project Management Institute (PMI)® Professional Development Units (PDUs):
This Webinar is eligible for 1 PMI® PDUs in the Technical category of the Talent Triangle.
Practically every IT organization does annual budgeting for major projects and operational efforts, and then monthly forecasting using a cost breakdown like Labor, Hardware, Software, T&E, Contingency, etc., and then they use a scheduling tool like Microsoft Project with detail tasks which isn’t organized that way. Often the initial budget is prepared long before a task level plan even exists, sometimes before a project manager is assigned!
This webinar will address a method of solving this problem which is consistent with an organizations normal processes, essentially integrating spreadsheet based financial planning with a detail schedule. The presentation will explain the benefits of having the budgeting, forecasting, and actual cost tracking process configured to suit corporate accounting while being able to integrate with the detail schedule planning and progress tracking approaches used by project managers. This approach can be used with traditional “waterfall” project scheduling and techniques such as Agile.
Rich Murphy has more than 35 years of experience in the project management, commercial software development, and engineering fields. His project management experience began as the project controls engineer for a $4 billion power plant engineering and construction project. Since 1980, he and his long-time partners have led the development of many leading commercial project management software systems running on mainframes, mini-computers, PCs and web-based platforms. After Microsoft’s acquisition of one of the systems developed by this team in August 2000, Rich joined Microsoft, and participated in the development of Project Professional and Project Server. He was the original Solution CEO for Microsoft’s Enterprise Project Management system. In December 2002, Rich and his team formed EPK Group LLC, to build a comprehensive portfolio and resource management system based on Microsoft’s platforms. Their new product eventually became the EPM Live system. Rich now continues as an independent consultant assisting clients with PPM systems implementations. He has given presentations and training sessions to several organizations on PPM implementation, Project Support Offices, and the history of project management software.
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