MYM Project Management

Project Management is the core business practice of Meet Your Market, LLC. Every project or program no matter the size or intensity is governed by the principles of project management. A senior level program or project manager is assigned for the entire program or project. The program/project manager(PM) will be your primary point of contact, single point of contact for all of the client’s needs concerning the program/project. The PM uses appropriate tracking tools according to the PMBOK(Project Manager’s Book of Knowledge)to ensure successful completion of the program/project. The role of the PM is comprised of 5 components:

STEP 1: Scope Management

The PM ensures that the entire team understands the deliverables, the restraints, and the required performance characteristics needed to ensure the success of the project. The PM also keeps the team on target and in focus.

STEP 2: Scope Change Management

The PM decides whether or not a scope change is warranted. If the change is accepted, it is then recommended for approval by all parties involved. It is imperative to realize that all parties must approve the proposed change before the change is accepted. At this time, the recommendation may be approved or rejected. If approved, the PM will redefine and incorporate the change into the Project Plan.

STEP 3: Risk and On-Site Management

The PM is responsible to continually identify and communicate risks with all parties involved and how these risks could potentially impact the outcome of the event. Meet Your Market, LLC is committed to having personnel on-site for the duration of the event.

STEP 4: Schedule Management

The PM will produce a Project Plan that will continually track the progress of the project. This plan will also be disseminated to all the players involved, including the client, Meet Your Market, LLC personnel, vendors and facilities staff. The PM will hold regular meetings and discuss the project plans with all parties. Any deviations from the schedule will be handled by the PM on an individual basis.

STEP 5: Communications Management

The PM will be responsible for initiating regular meetings with the client, setting the agenda and facilitating these meetings.

Kickoff Meetings
Progress Meetings
Debriefing Meetings

The “value” that project management brings to your organization is that project management is a scientific and logical proactive approach to tracking, measuring and analyzing your investment in your program/project during its life cycle as well as at the end. If adjustments are needed, they are identified in a timely manner so that the change may be made. Through these changes stronger opportunity is created for program / project success, therefore increasing successful ROI [return on investment (quantitative) and ROO [return on objective (qualitative)]. This is achieved by the golden rule of project management, “triple constraint”. By managing the “triple constraint” (Time, Cost and Scope – should any one of these change from the original plan, the other two will be directly affected) effectively, it is the ultimate goal of the program/project manager to stay within time, cost and scope. By using this technique and the results created through “lessons learned”, clients now have powerful accurate information in helping them to predict and manage their future budgets with success.