Paper and Presentation 1 of 2: Strategic Portfolio Management – utilization with Federal Agencies
Abstract: Portfolio Management has evolved past prioritization to being a key strategic driver. In this talk, John Driessnack, a Portfolio Management Professional (PfMP) who has worked inside and/or lead over a dozen Federal Programs will discuss how the key performance domain within the ANSI PMI Standard for Portfolio Management is the Capacity and Capability Management. He will discuss his work with the Section 809 Panel, which published a section on how Department of Defense could utilize Portfolio Management. How organizations, such as Federal Retirement Thrift Investment Board (FRTIB) utilized Portfolio Management as a key drive within their strategic plan to drive value.
John will bring in a little economics with how STRUTURE impacts CONDUCT, which influences PERFORMANCE (SCP) to highlight how key to portfolio management success is to change structure to tomorrows vision vis today operations. He will outline his multiple system, multiple phase, multiple organizational layer with multiple decisions structure to help guide the change in structure to were you want to be, not were you are. He will touch on his three prior PMI white papers focused on how PMI standards frameworks can help improved federal government capital investment outcomes.
Participants will gain a clear understanding on how portfolio management is evolving beyond prioritization with an understanding of frameworks that can be use with the ANSI PMI Portfolio Standard to enhance organizations abilities to reach future strategic goals. His four step simple process will summaries his talk and provide a clear takeaway for utilization in any organizations expanded use of Portfolio Management.
PMI Talent Triangle: Business Acumen
Paper and Presentation 2 of 2: Artifact Based Project Management – using a Lean Notebook and PMI Standard for EVM
Abstract: Professor John Driessnack (Lectures at UMD Project Management Center of Excellence, American University, and Def Acquisition Univ) using an excel based notebook that is artifact based along with a scheduling model (MS Project or ProjectLibre) to teach fundamentals of Project Management to a wide base of students and clients. The approach utilizes PMI’s Standard for Earned Value Management along with an expanded SMART Building example based on the standard’s example. Professor Driessnack has also used this approach with his clients in various venues outside the classroom.
The workshop approach can be used to jump start any type of team starting to plan a stand-alone project or one that is a part of a larger Program or Portfolio. Key to the approach is using a Lean Thinking with an artifact based structure, such as the Charter, WBS, RAM, milestone list, resource list, stakeholder analysis, etc. The approach also uses Professor Driessnack Challenge Management approach using his CAIRO (constraints, assumptions, issues, risk, opportunity) framework, which he has previously presented at PMI PMO Symposium in 2016.
Participants will learn how to get free access to the Lean Excel Notebook file and .mpp/.pod files, which Professor Driessnack has assigned a Creative Commons Licenses. The approach is simple and easy for teams of student or teams on the job to use to get started quickly on initiative and planning a project while starting execution very quickly.
Professor Driessnack will discuss his success in teaching at both the masters level at American Univ to Public Policy wonks, federal employees in th American Key Executive Leadership Program, or Junior Engineers at Univ of Maryland. He will share also how he has used this approach with his clients through his consulting firm for almost a decade.
PMI Talent Triangle: Ways of Working
Biography: Professor John D. Driessnack specializes in solving wicked problems by combining his industrial systems management engineering and institutional economics education along with his 35 plus years of project/program/portfolio leadership and management. A prior major program manager, CFO, and lead Logistician within the US Air Force on various joint programs, John today runs Olde Stone Consulting, a niche sole proprietorship.
John’s portfolio of work includes Executive Vice President of the College of Performance Management (CPM), Professorial Lecturer at American University School of Public Policy and Lecturer at Univ of Maryland’s Project Management Center of Excellence. He is also a Professor at the Defense Acquisition University, Defense Systems Management College. John recently has written several papers for PMI with a focus on portfolio management. This led to his selection as the subject matter expert on the congressionally directed Section 809 Panel where he was responsible for the Portfolio Management section. He also was on the core team for the ANSI Standard for Earned Value Management, ANSI/PMI-19-006-2019.