10May2012 Program Buzz  PMINJ Programs Schedule Topic of the Month Career Networking Program NJ PMO LCI Program Satellite Locatiions Time Cost Pre-register Previous Meeting Archives PMI Component Programs Since your web browser does not support JavaScript, here is a non-JavaScript version of the image slideshow: Previous Meeting Schedule: Date Topic / Location Satellites (Free for PMINJ Members) 2011 - 2012 Programs 15 May 2012 Registration Opens 01 May Closes 10 May Tuesday: 5:30 to 9:00 - Earn 1.5 PDUs Topic: From Project Management to Portfolio Management – Bridging the Competency and Organizational Gaps Speaker: Dr. Richard M. Bayney Location:  Marriott Bridgewater Directions Sponsor University of Pennsylvania Atlantic City Basking Ridge Brookdale Fairfield Holmdel Iselin Lawrenceville Lebanon Mahwah Marlton Mt Laurel Paramus Princeton-CollegeRd Princeton-CarnegieCtr Roseland South Plainfield Whitehouse Sta 11 Jun 2012 Monday: 9:00 to 5:00 - Earn 8 PDUs Executive Agile Overview Workshop Co-sponsored with Rally None 19 Jun 2012 Registration Opens 01 Jun Closes 14 Jun Tuesday: 5:30 to 9:00 - Earn 1.5 PDUs Topic: Student Papers of the Year Speaker: TBD Location:  Parsippany Hilton Directions   Sponsor Judge Group TBD Topic:   From Project Management to Portfolio Management – Bridging the Competency and Organizational Gaps **In order to preserve our nation’s valuable resources and to reallocate this cost savings to further improve our programs, copies of the presentations will NOT be provided at the meetings.   The presentation materials will be available from the chapter’s website at least a week before the meeting.** The Meeting Slides can be downloaded. To many of us, Portfolio Management is a logical extension of Project Management. Yet, we cannot apply exactly the same principles to Portfolio Management as we do to Project Management. So, how do we maximize the value of a portfolio consisting of many projects (and programs) subject to constrained budgetary and human resources on an ongoing basis? Join us at the May Monthly Program Meeting and learn about a new framework for maximizing portfolio value from Richard M. Bayney, Ph.D. A classic technique used to manage a portfolio of projects (and programs) is to prioritize such assets on one or more quantitative (e.g., NPV) and qualitative (e.g., strategic value) criteria and to ‘draw the line’ when one or the other resource runs out. But, how do we know that the sum of all projects ‘above the line’ represents the highest value that can be created i.e., the best utilization of those resources? To better understand how constrained budgetary and human resources can be best utilized in a portfolio of non-discretionary and discretionary assets, a new Portfolio Management framework - CREOPMTM - is described. This framework has been utilized successfully across multiple industries that include Pharmaceuticals & Biotechnology, Consumer Goods, and Healthcare Risk Insurance. Richard M. Bayney is President and Founder of Project & Portfolio Value Corporation (PPVC) a consulting company that provides Training Services in Project, Portfolio, Resource and Risk Management and delivers customized services in a focused spectrum of areas including Enterprise Resource and Portfolio Management and Strategic and Business Planning. From 2002 until 2008 Richard was Vice President, Decision Analysis and Portfolio Management at Johnson & Johnson's Pharmaceutical Research and Development (PRD) where he was responsible for: decision analysis support of compound development teams for stage-gate decision-making in early and late clinical development; risk assessment and portfolio impact analyses of licensing opportunities; analytical and strategic project and portfolio support to therapeutic area centers of excellence; and portfolio management support for PRD, from drug discovery to late clinical development. Prior to Johnson & Johnson, he held positions at Bristol-Myers Squibb, Bayer Corporation, Merck & Company, and Bayer Corporation/A.G. Dr. Bayney is a frequent speaker in the area of "Risk Analysis, Asset Evaluation, and Portfolio Management in Drug Development" He is also an Advisory Board member to Cambridge Healthtech Institute. He holds M.Sc. and Ph.D. degrees from London University and an M.B.A. from Columbia University. Sponsor: University of Pennsylvania Organizational Dynamics at Penn creates and delivers multi-disciplinary and integrated education to enable our working students to be more effective leaders and sources of sustainable growth, development and creativity in their professional pursuits and their organizations. The program is distinguished not only among peer Ivy League institutions but also globally by its broad range of exceptional scholars and faculty drawn from more than a dozen academic domains and from leadership positions in professional practice. Through exchanges and critical evaluation of theory and practice, our students and faculty enhance their competencies and creativity thereby increasing personal and professional value, effectiveness and satisfaction. Over 50 courses are offered, Students choose twelve to earn a MS in Organizational Dynamics and typically concentrate in one or more of six areas: P3 (Project, Program and Portfolios), Leadership, Change, Coaching, Global, and Sustainability studies.  Courses are also offered individually for non-degree students. For more information visit: http://www.organizationaldynamics.upenn.edu/   Networking Program: Topic:  The Cycle of Renewal Start Time:  5:30 p.m.   How well do you deal with change?   Learn to recognize, evaluate and take action around choices that support success during periods of stability, as well as times of transition.  The Cycle of Renewal* provides a process and some tools to help you understand the natural, predictable cyclical patterns of change.  Join Mary Anne Walk, Executive Director of the Gestalt International Study Center, www.gist.org, of Wellfleet, MA, whose Cycle of Renewal provides the means to guide you in a customized approach to your specific challenges, while building problem-solving capabilities for the future. Please bring your business cards  Sponsor - Walden University, www.waldenu.edu PMO LCI: Topic: Meet and Greet Networking Event Start Time:  5:30 p.m.   The NJ PMO LCI Core Team will have a "Meet & Greet" Networking Event prior to the monthly meeting. The meeting will be held outside the main meeting room. This will be a great opportunity to meet other PMO Professionals in the area, who share similar interests in Project, Program and Portfolio Management. Sponsor  Satellite Locations - Pre-registration required - No Walk-ins (Free for PMINJ Members only): Via Webinar and Teleconference Due to security concerns, walk-in registrations can not be accepted for the satellite locations.   Be respectful of other members who would like to register for a satellite location.   Only register on-line for a particular site if you actually plan to attend. City Company / Location Contacts Atlantic City Not available: Apr ASRC Research and Technology Solution (ARTS) Airport Commerce Center 6550 Delilah Road, Suite 205 Egg Harbor Township, NJ Mike Pomykacz Basking Ridge Verizon Wireless 1 Verizon Way Basking Ridge, NJ 07920 Mike Otero Louis Spadafora John Spaventa Brookdale Not available: Feb Brookdale Community College MAN building - Room 100 765 Newman Springs Rd  Lincroft, NJ Ed DeMaio Fairfield Not available: Oct, Feb, or Jun SAIC 155 Passaic Avenue Fairfield, NJ Tom Betts John Verlangieri Holmdel Alcatel-Lucent 791 Holmdel-Keyport Road Holmdel, NJ Bill Backus Morris Wrubel Iselin Prudential 200 Wood Avenue South Iselin , NJ Jessica Kaimo Lawrenceville Mercer County Library 2751 Brunswick Pike (Business Route 1) Lawrenceville, NJ David Anderson Lebanon Merck & Co., Inc. 600 Corporate Center at Lebanon Building 600 Lebanon, NJ 08833 Tina Gertsch Mahwah Not available: Mar Ramapo College New Business School building Room ASB522 505 Ramapo Valley Road Mahwah, NJ 07430 John Thomas Marlton CSC 7000 East Lincoln Drive Marlton , NJ   08053 Rob Kane Trisha  Quinn Mt Laurel TD Bank 17000 Horizon Way Mt. Laurel, NJ Anne Stich Paramus Student Center at Berkeley College 64 East Midland Avenue Paramus , NJ 07652 Evan Miller John Rechenberg Princeton-CarnegieCenter RESOURCES GLOBAL PROFESSIONALS 105 Carnegie Center Suite 100 Princeton, NJ  08540 Paul Rundzieher Princeton-CollegeRd Deloitte 500 College Road East Second Floor Princeton, NJ Vivek Malhotra Ketan Nadkarni Sadiq Shariff Han Yi Rahway Future Merck & Co., Inc. 126, E. Lincoln Ave Rahway, NJ 07065 tbd Roseland Prudential 55 Livingston Avenue Roseland, NJ Gerry Peyton South Plainfield Not available: Mar PSEG 4000 Hadley Road South Plainfield, NJ   07080-1192 Billy Herriott Charles Tkachuk Whitehouse Station Chubb Commercial Insurance 202 Hall's Mill Road, Whitehouse Station, NJ June Busch Time: Main site: 5:15-7:00 PM - Registration 6:00-7:00 PM - Dinner 7:00-7:15 PM - Chapter Meeting 7:15-8:45 PM - Presentation and Q ? A Satellite sites (food is not served): 6:00-7:00 PM - Registration and Networking 7:00-7:15 PM - Chapter Meeting 7:15-8:45 PM - Presentation and Q ? A Cost: On-line registration: Opens the First of the month Closes the Thursday before the meeting Pre-registration payments may be made by Visa, MasterCard or Amex. Main site: Pre-registration $25.00 - PMINJ Chapter members $45.00 - All Others (including guests of members) On-site registration $50.00 - Members and guests Satellite sites: Free to PMINJ Chapter members only - Must pre-register before the deadline - no-walkins Cancellation Policy:   Non-refundable unless canceled by the deadline prior to the meeting. Pre-register: (On-line registration only) Questions: On-line related questions should be addressed to Darlaine Scott at registration-monthly(:@:)pminj.org.   Note:  New members - It takes several days to get new member information from PMI to be added to the PMINJ database.   Your patience is appreciated.  When registering through the PMINJ site the first time, use your PMI ID and request a password by clicking 'forgot password'.  Your PMI password will not work on the PMINJ site.