In this podcast, Cornelius Fichtner and Oliver F. Lehmann discuss projects as profit centers. They discuss how the world of project management is undergoing a fundamental change – a collaborative revolution. Projects that would have been done internally in the past are more and more being given to external contractors, who in turn may use subcontractors and sub-subcontractors, building complex project supply networks (PSNs).
This cross-corporate way of doing projects is the market for professionals in project business.
Based on specific expertise and assets, they have the intention to serve their project customers, make them happy, but also need to be profitable and consider cash flow. Project business is a high-risk business for all parties involved.
Oliver F. Lehmann provides his insights into the specific challenges of doing Project Business and provides an example for methods managing it like Benefit Engineering.
Source: PM Podcast
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Cornelius Fichtner, PMP, CSM, is the President at OSP International LLC, a PMI Registered Education Provider (R.E.P.). He is the founder and owner of The Project Management PrepCast, a regular show in the format of a traditional radio show, which teaches project managers the foundations for passing the PMP Exam. Cornelius and his team have coached over 27,000 project managers on their way to becoming PMP certified. Cornelius writes about project management training and certification.