How to Manage Projects in the 21st Century
20th century management does not provide a means to directly manage capital development or business change projects. The results enabled by development and the capital developed are mixed together as performance and are not managed properly. There is no way to itemize investment and business change benefits, plan and control actual development costs, plan the return on investment, or measure the actual return. There is no way to integrate the project and capital development with the actual business. There is no way to manage the enterprise properly as a business, or to manage projects properly as a subsidiary business.
These problems are eliminated by Result-performance Management (R-pM), a breakthrough to enable you to manage projects properly. It is all explained in the download “How to Manage Projects in the 21st Century”, available at result-performance-management.com. The download explains how to plan and manage the new performance to be developed and results of value to be produced by the enterprise business. The download also explains how to plan and manage project performance to produce project results, which are the solutions to improve and add value to enterprise results.
R-pM manages one integrated Enterprise Business Structure
R-pM is a significant breakthrough with one simple objective: to organize the enterprise business for 21st Century Management, in an easy-to-manage Enterprise Business Structure, defined by only two entities:
- Results: Specific economic outputs that must be produced by business performance
- Performance Solutions: Specific capital that must be utilized in performance to produce results
Results are the inputs to and the outputs from performance. A result is a specific accomplishment, like project plan approved, that can be counted and measured. Capital is utilized through performance solutions to produce results. A performance solution is an item of capital, like a human project planning capability solution, utilized to produce the result. The business structure is updated with each result or performance solution change.
The enterprise business structure can be prepared for the complete enterprise or for only that portion of the enterprise undergoing development.
Capital development is through a Result-performance Operation-development Continuum
R-pM does not separate development from operations, but provides a Result-performance Operation-development Continuum, where capital development is part of the business.
The enterprise needs to add or create planned value in specific results, so invests in capital to be developed as specific performance solutions. The planned results and performance solutions needed are updated to the current Enterprise Business Structure to produce the planned Developed Enterprise Business Structure, to plan the return on the capital investment.
Each capital development project is one result in the Enterprise Business Structure. The enterprise result is managed through a Project Business Structure to utilize assigned capital as Project Performance Solutions to develop new enterprise results and solutions as Project Results. Project Results for new enterprise solutions capture development costs and are implemented as documented enterprise performance solutions.
The project is closed out as new enterprise results and performance solutions are implemented in the current actual developed Enterprise Business Structure, and utilized to incur costs and to create value in the results produced over the payback period. The result value-added compared with result value added in the projected Enterprise Business Structure with no development provides the return on each solution investment.
The R-pm Toolkit is a valuable aid to any capital development project management
R-pM is a new breakthrough to provide the only effective means to plan, organize, manage, and follow up capital development projects. Any capital development project to improve an enterprise, even for physical asset development, can be planned, organized, and managed as part of the enterprise business in one Result-performance Operation-development Continuum.
The download “How to Manage Projects in the 21st Century” is supported by The R-pM Toolkit, your 21st Century Management Manual, which provides detailed guidance, for safe and secure capital development. Get your R-pM Toolkit, and future updates, at result-performance-management.com.
