Evaluate project management and project portfolio management processes and actual practices, and to make recommendations.
A formal benchmarking exercise against the industry best practices.
Procept Associates Ltd. was hired by a large Canadian electrical utility to perform a formal benchmarking of their project management and project portfolio management practices.
Procept's approach to this project included multiple phases.
Phase 1: Planning — This phase involved identification of “reputation leaders” to become benchmarking partners, and a detailed project execution plan with schedule and estimate.
Phase 2: Assessment tools preparation — In this phase, we prepared a list of survey questions and qualitative assessment tools for project management and portfolio management practices.
Phase 3: Data Gathering — In this phase, the qualitative tools were used for both: the benchmarking partners to establish the best practices in the industry, and our client to measure their performance against these best practices.
Phase 4: Findings and Recommendations — The last phase involves statistical analysis of the data and the presentation of subjective recommendations based on results.