Project Management
VIP considers strong project management to be one of the vital necessities and key success factors in any project. While we try hard to make project management a science, in reality, it is an art to balance the competing demands for resources including people, budget, and time. VIP understands the importance of mission-critical initiatives being delivered on time and on budget. Leveraging industry best practices tools and techniques such as Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBOK), Software Engineering Institute’s (SEI) Capability Maturity Model Integrated (CMMI), The Institute of Electrical and Electronics Engineers, Inc. (IEEE), and Information Technology Infrastructure Library (ITIL), VIP helps mitigate the risk of project failure by providing the following tailored Project Management services to meet the unique needs of its clients:
Hands-On Project Management
Working side by side with its clients, VIP can take on a project management role that is as big or small as what a client needs. The scope of our role might include as little as conducting a five-day training course and offering part-time mentorship to as much as rolling in an entire project management team of 10 with the associated infrastructure to manage a $100M project. VIP works with its clients to manage projects that deliver success and achieve established objectives related to scope, quality, time, cost, and stakeholder satisfaction.
PMO Deployment
When an organization is in need of an across-the-board project management methodology, VIP will establish an Enterprise Program Management Office (PMO) within that organization. This PMO serves as a resource to the company to ensure that projects within any department or division are managed consistently and working toward the same goals. This leads to improved efficiency, reduced failure, minimization of costs, and a bigger bottom line.
Portfolio Management
When you are faced with the challenge of determining the bottom line for a department, division, or even an entire company, VIP will implement a Portfolio Management solution to compare each project on multiple levels to identify which projects are too costly, too risky, ineffective, or failing. The result is the ability to make better-informed decisions about which projects to prioritize, how to re-appropriate funds, and as a result how to increase earnings per share. VIP's portfolio management consulting services bring optimal results.
Earned Value Management (EVM)
Earned Value Management (EVM) is a technique that integrates technical performance requirements and resource planning with schedules, while taking risk into consideration. The basic objective behind why you might consider applying earned value to a project or initiative is to make more insightful decisions based upon trends to date. This in turn minimizes adverse impacts to the project and increases the likelihood for success. VIP helps its clients define and implement this type of metric-driven infrastructure. More importantly, VIP applies this methodology to other technology integration, quality management, and management consulting engagements that it undertakes when assisting clients. VIP believes in the inherent value of EVM as a critical tool in managing medium to large-scale projects. Our robust EVM methodology is based on PMI’s PMBOK, but incorporates the rich diversity of experience of VIP’s project managers.
