Overview of PCO Processes

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Multiple Attributes; Measured Improvement

The views of what constitutes performance and value can vary significantly among different stakeholders – even within the same organization.
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Measurement of performance and value, qualitative or quantitative, may be in "hard" monetary terms, or by an amalgamation of several hard and "soft" attributes. Typically, the more diverse the stakeholder representation, the more varied the viewpoints. Similarly, there are contrasting ideas of how to achieve best value programs, project and systems.

Cost and scheduling improvements are typical expected outcomes of the Performance & Cost Optimization (PCO)™ review process.  However, there are usually several other factors to be considered to ensure success.  The thrust of our work applies across the 360 degrees of the life-cycle: from initial needs evaluation & planning, through formulation & definition, implementation & project delivery, to service delivery, turnaround and retrofit / business transformation.
Scope of Performance & Cost Optimization (PCO™)

Holistic Framework

The PCO™ process is used to guide and improve managerial and technical efforts across the complete life cycle from early identification of issues and preliminary planning through to delivery of improved services.
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    PCO™ links back to the organization’s business strategies & plans – and then  forward to the  cost-effectiveness of the long-term service(s)

​​​​​​​Structured, Analytical Approach

Performance and Cost Optimization™ comprises strategic diagnostics and structured, analytical reviews, as well as creativity, testing and development processes to initiate options for improving efficiencies and overall cost-effectiveness. Consideration of this leads to significant improvement in value of the program, project or service through the following categories of activity. A key tool is our INSPIRE-360 Performance Planning and Assurance process.   A value file is developed and continually updated throughout the project life. 

❖ PROGRAM & PROJECTS OVERSIGHT
     ► Independent Value Assurance ( Performance & Value Oversight & Reporting) to provide executive management with ongoing confidence that programs and projects start and stay on track and will meet the required objectives and standards (or be adjusted for expected outcomes). Enabling of Decision-making. Monitoring & Adjustment.

❖ OPERATING EXPENDITURE: Optimize of Systems; Re-imagine & Influence Significant Change
     ► Functionality & Efficiency (F&E) review applications improve service delivery. Example outcomes are: business turnaround, re-purposing, right-sizing, cost-efficiency gains, resiliency improvement and cycle time reduction.

❖ CAPITAL EXPENDITURE: Plan & Define Change; Introduce & Execute Change   
      ► Planning & Performance reviews to improve program/project development & execution. Example outcomes are: faster identification of optimal concept, systems optimization, resolution of deadlock, 30% cost reduction, schedule acceleration and improved risk management approach.
  
❖ CERTIFICATION
     ► Formal Certification of Optimum Value programs and projects for more certainty during approvals processes.

❖ ​​​​​​​LEARNING
    ► We also conduct familiarization, training  & development/coaching in advanced program & projects performance value optimization techniques.  
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