Rx FAQs

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1. What is the ProjectRx® Framework?
2. How does the ProjectRx® Framework work?
3. What are ProjectRx’s services?
4. Is ProjectRx only for IT projects?
5. What is a Life Cycle?
6. What are Milestones?
7. How does ProjectRx use Six Sigma?
8. How does ProjectRx® compare to PMBOK®?
9. What is Delivery performance?
10. How does ProjectRx address Benefits?
11. What is ProjectRx Certification?
12. How does ProjectRx use Earned Value Management?
13. What is a Wizard?
14. How flexible are the ProjectRx products?
15. How flexible is the ProjectRx Framework?
16. Do your products have built-in help?
17. How is ProjectRx notebook tablet enabled?
18. What is the ProjectRx value proposition?
19. How experienced is the ProjectRx team?
20. How Does ProjectRx Use CoBiT®?
21. What is ProjectRx® Content?
22. What is a MPMM® Certified Reseller?
23. What is MPMM® Professional?
24. What are Method123® Project Management Templates?

1. What is the ProjectRx® Framework?

The ProjectRx® Framework is an effective project oversight solution that integrates process, technology, and people. The Solution features a proven assessment process, state-of-the-art software products, an experienced staff, and supporting education, training, and mentoring.

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2. How does the ProjectRx® Framework work?

Our process utilizes a three-pronged milestone approach to provide strategically placed toll gate reviews, ongoing performance feedback, and periodic certification of the effectiveness of procedures and controls as well as delivery results and expectations.

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3. What are ProjectRx’s services?

ProjectRx assists clients with the development and deployment of effective project oversight frameworks. We also perform project assessments or health checks, ProjectRx process deployments, ProjectRx product deployments, and provide supporting education, training, and mentoring. We can also offer a hosting solution for our products through our technology partner.

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4. Is ProjectRx only for IT projects?

No. While many clients may use ProjectRx for IT projects, the framework and products support a variety of different methodologies such as Project Management Life Cycle (PMLC), Systems Development (SDLC), Six Sigma, Sarbanes-Oxley (SOX), IT Audit, Quality Management, and Client-specific. The products include life cycles and milestones based upon the IT Governance Institute’s CobiT® Framework, QSB Consulting’s Six Sigma, NIST’s Baldrige National Quality Program, as well as an available life cycle and milestone based upon Project Management Institute, Inc.’s PMBOK®.

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5. What is a Life Cycle?

A life cycle is a series of related stages (usually with a beginning and an end) representing a specific view of a program or project. ProjectRx uses Work Breakdown Structures (WBS) consisting of life cycles, phases, assessment areas, activities, and IOTTs (i.e. inputs, outputs, tools & techniques) for the logical sub-division of project life cycles. Life cycles are the basis for creating assessment milestones.

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6. What are Milestones?

Milestones are the specific reviews held to assess the status and/or performance of a project. ProjectRx utilizes an integrated three-pronged milestone approach to collect, analyze, and report on findings and results. Milestones are created based upon WBS life cycle components, and offer significant flexibility relative to the scope of the assessment.

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7. How does ProjectRx use Six Sigma?

Six Sigma is one of the many life cycles supported by ProjectRx. Our products include a WBS life cycle and milestone based upon the Six Sigma approach developed by QSB Consulting Ltd., a leader in Six Sigma and Minitab® deployment. While ProjectRx can be used to assess Six Sigma efforts, we have also witnessed the use of Six Sigma as a great business tool to understand processes and help establish the business case and requirements.

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8. How does ProjectRx® compare to PMBOK®?

ProjectRx is directionally aligned to the Third Edition of PMBOK® from Project Management Institute, Inc. While the ProjectRx elements are mapped to their PMBOK® counterparts, the ProjectRx framework extends significantly beyond the process focus of PMBOK®. ProjectRx incorporates aspects of delivery performance, benefit management, systems development, and assessment milestones and ratings. ProjectRx offers an available life cycle and milestone based upon PMBOK®.

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9. What is Delivery performance?

Many of the popular project management methodologies focus on process. However, while having great processes is certainly an asset, it does not guarantee success or provide a balanced picture of the project’s health. In order to obtain a meaningful assessment of the project, a delivery perspective is also needed. ProjectRx features the use of key delivery assessment elements in conjunction with the processes to provide the answers that most senior executives and stakeholders are looking for.

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10. How does ProjectRx address Benefits?

Very often, projects are required to identify the benefits for the business case. In many cases, benefits are provided to meet an imposed acceptance threshold and are not realistic. Within the ProjectRx Framework, benefits are viewed as the most important delivery element because it is why projects are done. In fact, it is faulty logic to evaluate changes to delivery without identifying the impact to benefits. ProjectRx utilizes items such as benefit management plans, benefit delivery plans, and benefit validation.

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11. What is ProjectRx Certification?

ProjectRx certification is a process by which the effectiveness of the project’s procedures and controls are periodically evaluated along with an assessment of the delivery results and expectations.

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12. How does ProjectRx use Earned Value Management?

ProjectRx utilizes the four core elements of Earned Value Management (EVM) to calculate EVM variances, indices, and forecasts in order to validate the performance and results from the project team. EVM is available with each milestone in order to provide trending of the results. ProjectRx also utilizes an EVM Wizard to take some of the mystery and confusion out of understanding EVM results.

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13. What is a Wizard?

ProjectRx Wizards are utilized in several areas for the interpretation of data. These wizards provide a friendly interface to the data by standardizing how information is communicated and explaining what your results mean.

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14. How flexible are the ProjectRx products?

Our products are extremely flexible in their use of the work and organization breakdown structures, life cycles, milestones, product configuration variables, report parameters, etc. In fact, you will find that flexibility is one of Project Rx’s greatest attributes.

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15. How flexible is the ProjectRx Framework?

Like our products, the ProjectRx Framework is also flexible. It offers several options for process development and deployment, and can be adjusted to the unique needs of your environment. In addition, customized education, training, and mentoring are also available from an experienced staff.

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16. Do your products have built-in help?

Online Help is available within all ProjectRx products at the screen level. You can also annotate help screens with your own notes.

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17. How is ProjectRx notebook tablet enabled?

Project assessments can be data entry intensive. Our products take advantage of Windows XP Tablet Edition by offering a user-friendly interface, the effective use of check boxes and drop-down selection boxes, and the ability to capture handwritten notes.

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18. What is the ProjectRx value proposition?

We provide an integrated, proven solution that covers the key areas of process, technology, and people. We offer personalized service, an experienced staff, and world-class products. Our primary goal is to help you improve your own project assessment capabilities.

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19. How experienced is the ProjectRx team?

Ted Williams, President and Founder of ProjectRx, has over 30+ years of experience in IT, more than 20+ years managing and overseeing large, strategic, and high-risk projects, and more than 8+ years working with project audits and assessments. Ted was responsible for developing and deploying the highly successful project audit framework at Cendant Corporation, which was viewed as best practice and well ahead of the industry. ProjectRx builds upon all of this experience to bring you a better way to measure the health of your business-critical projects.
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20. How Does ProjectRx Use CoBiT®?

Like QSB’s Six Sigma © and PMI’s PMBOK®, ITGI’s CobiT® is one of the many life cycles supported by ProjectRx. CobiT® which stands for Control Objectives for Information and related Technology is designed to be an IT Governance tool that helps with the understanding and management of risks and benefits associated with information and related IT. ProjectRx is aligned to ITGI’s latest release of CobiT® 4.1, and provides the mechanism to perform CobiT® based assessments.
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21. WHAT IS PROJECTRX® CONTENT?

In addition to offering our own exclusive assessment methodology, the ProjectRx® Solution includes methodology content licensed from leading subject matter experts (SMEs) in the areas of project management (PMBOK® Third Edition, MPMM®), IT audit (COBIT® Framework 4.1), and quality management (QSB Six Sigma © 2004, Baldrige National Quality Award). The flexibility of ProjectRx® delivers increased value by supporting a variety of assessment types other than project management. In addition to SME content, the products can also support the use of methodologies such as Sarbanes-Oxley (SOX), Integrated Baseline Review (IBR), Six Sigma, Capability Maturity Model (CMM), and Client-specific.
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22. WHAT IS A MPMM® CERTIFIED RESELLER?

Developing world class solutions requires that organizations focus on their core competencies. No single organization can do it all. ProjectRx offers extensive experience in project oversight and assessment. Rather than expanding the development scope of our assessment products to include the capability to create and maintain project management methodologies and templates, we decided that it was better to partner with a global leader with core competencies in those areas. We selected Method123 Ltd because they offered what we believed was the best solution to complement our products. We became a Certified MPMM® Reseller because we believe in value of their products. Not only do we include their flagship MPMM® Professional Edition as a part of our solution, we can offer the Standard and Educational versions of the MPMM® product for sale, along with our consulting and training services. Single-User and Multi-User licenses are available.
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23. WHAT IS MPMM® PROFESSIONAL?

MPMM® Professional Edition is Method123's flagship product. It offers a complete Project Management Methodology, as well as an entire set of templates and case studies. This product can be used to manage projects of any size and industry, regardless of the level of project management experience. MPMM® Professional is included as a part of the ProjectRx® Solution to provide for the creation and maintenance of project management methodologies and templates.
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24. WHAT ARE METHOD123® PROJECT MANAGEMENT TEMPLATES?

Method123 Project Management Templates are prepared templates and forms to assist with the successful delivery of projects. Each activity in the Method123® Project Life Cycle has a detailed project management template. More than fifty (50) MS Word and MS Excel templates are included, comprising over three-hundred (300) pages of hints, tips, real-life examples, charts and tables. Individual Template Kits are available for each of the Project Life Cycles, Change Management, Risk Management, Issue Management, and Quality Management, or they can be purchased as a complete set, or as part of MPMM® Professional.
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