18.3. Cost Benefit of Project Business Management Planning
The benefits of effective, mature, standardized project business management planning increase with the complexity, size, and number of portfolios, programs, and projects, and with the establishment of an executive level enterprise project management office (EPMO). Mature project business management processes create significant benefits at a low cost through documented and implemented structured portfolio, program, and project planning and execution methodologies.
An empirical rule of thumb in project business management says that 80 percent of the value and potential benefit is accomplished in the planning phase and 20 percent is captured through managed and controlled execution of the ...
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