The Venture Project Manager
by Dennis Cohen

Traditionally, the Project Manager’s focus was to bring a project in on-time and on-budget. In today’s changing environment, the scope of the Project Manager’s job is becoming increasingly broader.

As organizations become increasingly project based, Project Managers need to be more financially savvy. Not only must projects be on-time and on-budget, but they also need to contribute to both shareholder value and the long-term financial success of the business.

Looking at projects as “ventures” will require Project Managers to better understand the company’s cash cycle and how each project fits into it.

"Make your commute more worthwhile by listening to [this recording]." - Reader Views

Throughout the lecture, [Dennis Cohen] emphasizes the importance of maximizing shareholder wealth. Often, that has a negative connotation, but Cohen explains that without the shareholders, there would be no projects. Without projects, there would be no project leaders. He explains and describes the importance of economic value added. He explains that project managers must view their work within the scope of the entire business and marketplace. Cohen explains that project managers do not view their project in the "long haul" -- they finish their project, and they pass the implementation to other departments. Venture project managers see the project through the life cycle. Cohen discusses how each project should be seen as an investment; therefore, it should be in alignment with the company's vision and mission. "The Venture Project Manager" was a pleasure to listen to. Make your commute more worthwhile by listening to "The Venture Project Manager." - Stephanie Rollins, Reader Views