Issues And Ideas In Project Management Practice

Project management practice is dynamic it changes in response to changes in the environment in response to technological, cultural, and sociological changes. In this section of the book, expert authors highlight some of the areas in project management where new trends or problems are creating new ideas and solutions. The issues involved in project management are broad and multi-faceted. The topics in this section illustrate some specific approaches to dealing with the management of projects,...

References

Contemporary Strategy Analysis Concepts, Techniques, Applications. 4th ed. Maiden, Massachusetts Blackwell Publishers Inc., 2002, p. 63. 2 Greiner, Larry E, Arvind Bhambri, and Thomas G Cummings. Searching for a Strategy to Teach Strategy. Academy of Management Learning and Education 2, no. 4 (2003) 402-420. 3 Mintzberg, Henry, Bruce Ahlstrand, and Joseph Lampel. Strategy Safari A Guided Tour through the Wilds of Strategic Management. New York, New York The Free Press, 1998....

It Project Management Matters

As information technology becomes more pervasive in our lives (programmable dishwashers, cell phones, GPS systems, home networks, medical diagnostic and drug-delivery techniques, etc.), the need to treat the development of the products and software embedded in them as true engineering activities has increased. These products could have as much safety implications as building a bridge or constructing a house. That level of engineering requires formal project management discipline. In addition,...

Industry Applications Of Project Management Practice

Some professionals argue that a project is a project and therefore, the principles of project management are generically applicable. Others proclaim that an IT project is totally different from building a house or launching a new product. There is truth in both positions, of course. Principles of navigation are generically applicable, but putting them to proper use in the Antarctic continent or in the middle of the Pacific Ocean requires different experiences and knowledge. The project...

Kent Crawford Pmp Project Management Solutions

The value of sound project management has never been more in the public consciousness, thanks to studies by the Standish Group, the Gartner Group, and other IT research firms.1 But sound project management of individual projects is no longer enough. While there still are some instances in which a company is almost entirely focused on one or two major projects at a time small software development firms or capital construction firms, for example in most businesses dozens of projects exist...

Benefits and Costs of Professionalization

The benefits of professionalization accrue to the majority of practitioners in terms of providing guidelines of practice, increased status, and recognition, but superstars often fail to see any benefit. Michael Jordan doesn't need the players' union, but most of the NBA players benefit from it. All professional project managers would benefit from increased status, pay, and authority in the project environment. However, many of the most successful practitioners likely already enjoy these...

James S Pennypacker Center For Business Practices

More than ever, investment in initiatives designed to improve organizational performance must be justified. Whether it's the implementation of a project management methodology, a project office, project management software, or project management training, these initiatives must deliver positive and tangible results. The good news is that tangible measures of project management value and performance can be established by asking the right questions and developing an appropriate measurement...

Figure Typical Project Management Methodology

Many organizations have well-established systems development methodologies (SDLCs), addressing the activities required to conduct the technical work of the project. Figure 34-1 depicts a typical Waterfall Life Cycle Model. Note that the work to be performed is discussed in system development terms. A formal IT project management methodology would describe the activities and steps associated with each of five project phases Initiate, Plan, Execute, Control, and Close. For instance, the...

Bureaucratization of Practice

Practice standards and official guidelines in professional practice require that either practitioners follow the guidelines appropriately or justify why the particular context of activity required some other approach. Members of traditional professions maintain copious case notes and journals to enable them to reconstruct their professional reasoning if necessary. Professionals must be able to show that they followed established practice guidelines or justify why they did not. Many project...

The Project Management Processes

The emerging discipline of modern project management has systematically extended its domains. It is a common practice in these days to consider the company value as the consolidated value of the individual projects in the company portfolio. New challenges in the business environment, such as pressures for cost reduction and for increasing value to the customer, as well as aggressive competition and compression of time to market, turned project management into a strategic driver for many...

Variances and Indexes Used in Cost Management

Based on derived cost categories, we can calculate different variances and indexes to get more comprehensive picture of project development. The variances and indexes have the following meaning Budget Variance (BV) shows the difference between Estimate at Completion (EAC) and Budget at Completion (BAC). Budget Variance (BV) Estimate At Completion (EAC) - BAC In real-life projects, Estimate at Completion (EAC) can be used as a projection of the impact of Change Orders (CO). Budget Variance (BV)...

The Project Management Maturity Model

There is much talk about a Project Management Maturity model (PMM) that would match the work done in the IT industry of a Capability Maturity Model. While it's not the subject of this section, it's worth taking a moment to see how these two TLAs (Three Letter Acronyms) interrelate. There are several versions of a PMM model that are popular but their root is the same. The notion is that the lowest level of maturity would be one where project management is done on an ad-hoc or casual basis with...

Statistics For Project Management

The use of statistical theory can provide a foundation for (1) providing estimates earlier in the project life cycle than many of the traditional lines of code and function point techniques, (2) overcoming the uncertainty experienced in estimating software projects in general, and (3) addressing the noncode-related aspects of project management. The science of probability allows managers to substitute numbers in place of their hunches or conjectures. The Navy Special Projects Office, Lockheed...

Motivational Forces In Project Team Management

Understanding people is important for the effective team management of today's challenging projects. The breed of managers that succeeds within these often unstructured work environments faces many challenges. Internally, they must be able to deal effectively with a variety of interfaces and support personnel over whom they often have little or no control. Externally, managers have to cope with constant and rapid change regarding technology, markets, regulations, and socioeconomic factors....

Well Written Scope Statement Some Positive Outcomes

The project team, stakeholders, and customer will have fewer questions if the scope statement has addressed all the important aspects of the project objectives. The customer requirements are covered within the Statement of Work and deliverables are projected. The well thought out plan will provide the project manager the guidelines to manage the project and customer expectations. The sound work breakdown schedule, proposed project budget and allocated resources provide the team with parameters...

David Hillson Phd Pmp Fapm Firm Risk Doctor Partners

The word risk is a common and widely used part of our daily vocabulary, relating to personal circumstances (health, pensions, insurance, investments etc), society (terrorism, economic performance, food safety etc.), and business (corporate governance, strategy, business continuity etc.). One area where risk management has found particular prominence is in the management of projects, perhaps because of the risky nature of projects themselves. All projects to some extent are characterized by the...

Figure Simulation Model To Teach New Behavior

Manager had to lead a project team that would develop changes in the way that people in the organization did their business. Thus, the person also had to manage change. These additional aspects redefined the role from that of project manager to that of project leader. The emphasis was then changed to developing a program on the role of project leadership. The program was aimed not only at the project leader, but also at the other people in the organization who had to appreciate the new role. In...

The Six Sigma Project Management Office PMO

The PMO has become one of the most popular concepts within the project management environment. It refers to the most common infrastructure to support management by projects a system that integrates all the project activities with the organization-wide strategies, priorities, and resources. We can envision PMO support in at least three specific cases of the Six Sigma strategy within the company 1. The PMO supports problems opportunities selection, establishing criteria and managing the Six Sigma...

Organizational Issues In Project Management

Until the early 1990s, the organizational issues related to project management were largely centered on how a specific project should be organized Should it be put into a task force mode or somehow be handled from a matrix management standpoint The concern was based on single-project logic. Because of the booming number of projects in organizations and the time pressure and cost squeeze associated with them, the organizational concern has moved towards managing multiple projects in a short time...

The Profession Of Project Management

Project management has evolved from the accidental profession of years ago when no one actually planned to become a project manager, but just happened into the position to a profession based on formalized bodies of knowledge, such as PMI's PMBOK Guide and those developed by other professional organizations, such as the International Project Management Association (Europe) and the Association of Project Managers (U.K.), among others. Where once project management was merely an add-on to the role...

Figure Benefits Of Utilizing Project Management Techniques

Elementary project management tools and techniques specifically, work breakdown structures (WBS, of vertical or hierarchical work scope relationships) developed to the third level and network logic flow diagrams (horizontal or work flow relationships) without critical path considerations, but with third-level WBS efforts' dependent work output-input relationships established. Phase II and Phase III both realize substantial returns from the use of a project management approach. Clearly, Phase...

Bpm Six Sigma And Project Management

So how does project management fit into the discussion Business Process Management (BPM) and Six Sigma Implementing the Baldrige Criteria, business process management, or Six Sigma problem solving requires specific skill sets from black belts or quality professionals involved in these efforts. Typical training for these individuals includes project management skills. Project management skills are important because continuous improvement efforts are often project-based and cross-functional in...

Ethical Standards in Business and Project Management

International Standards of Business Ethics In trying to increase awareness and appreciation of cultural differences, various standards of global business ethics have been published.9 The secretary-general of the United Nations, Kofi Annan, has started the latest and most comprehensive initiative in January 1999. In challenging business and other leaders to support and implement core values within their corporate and public practices and policies, and to support his vision of a more sustainable...

Good Practice In Building Project Management Capabilitythe Construction And Engineering Example

Validierung Qualifizierung Verantwortung

Project management capability operates at three levels The project is both the start point and the end point. It is the focus for the application of individual and organizational capability. It is the source of experience on which learning is based. The individual project manager is the linchpin, the essential ingredient. No project of any size or complexity can hope to be successful without an appropriately competent project manager. Equally, without project managers contributing their ideas...

Elements Of A Project Management Plan

The project management plan typically contains seventeen items, which are discussed below along with descriptive information and suggestions on how to address the topics during the planning process and what to include in the project management plan. The seventeen items are as follows 6. Organization development plan 8. Procurement and logistics plan 10. Cost estimates, budgets, and financial management 11. Risk analysis and contingency plan 12. Quality and productivity plan 13. Environmental,...

IT Project Management Office

The use of an IT Project Management Office has become an industry best practice.7 The IT Project Management Office is often implemented in one of two models A Center of Excellence or a Shared Services. In a Center of Excellence model, the IT Project Management Office serves as the keeper of the methodologies and all related activities, including methodology training and mentoring, as the quality assurance mechanism, and as the ultimate source on all matters related to IT Project Management best...

The Power Spectrum In Project Management

Project managers must often cross functional lines to get the required support. This is especially true for managers who operate within a matrix structure. Almost invariably, the manager must build multidisciplinary teams into cohesive work groups and successfully deal with a variety of interfaces, such as functional departments, staff groups, other support groups, clients, and senior management. This is a work environment where managerial power is shared by many individuals. In the traditional...

Analysis Project Management as Examined Through the VRIO Lens

Using the VRIO framework, let's examine key project management practices to assess whether they contribute to a competitive advantage. Investments in physical, technological, and financial assets are valuable to a company. Project management involves the use of methodologies, bodies of knowledge, project management offices, and project management maturity models. Some tools and techniques are specific to planning (work breakdown structures) and scheduling (network techniques such as critical...

Ethical Hotspots in the Project Management Processes and Knowledge Areas

The project manager is responsible for tailoring project management processes according to the needs of the project and the organization. Since tradeoffs are inevitable, the ethical implications of all decisions need to be assessed. While defining the project during the initiating processes, the project team needs to understand the values, concerns, and expectations of stakeholders and analyze the possible impact of the project. That may help the project manager to create buy in and evaluate...

Project Team Members Specialty Roles in Project Management

The team member position is where the actual day-to-day work of the project planning, estimating, statusing, and analysis is done. Within this level, more definitive project management roles depending on the organization can include Project Controllers, Project Analysts, Schedulers, Business Analysts, Estimators, and Systems Analysts. In addition, there are some new, evolving specialty roles, such as Knowledge Management Coordinator. Sometimes formerly known as the librarian, this role has...