References

1 The Standish Group, 2000 CHAOS Report. See www.standishgroup.com. M. Light and T. Berg, Gartner Strategic Analysis Report The Project Office Teams, Processes and Tools, 01 August 2000. 4 Preston Smith and Donald Reinertsen, Developing Products in Half the Time, Van Nostrand Reinhold, 1991. 6 Value of Project Management Study, Center for Business Practices, 2001. 7 Lauren Gibbons Paul, Turning failure into success Maintain momentum, Network World, 22 Nov.1999. 9 J. Roberts, J. Furlonger,...

Why are Some Project Managers Not Effective in their Role as Communicators

At times a project manager is too critical and micromanages to a level not acceptable to the team. Team meetings become ineffective. Or perhaps the project manager does not communicate bad news from the customer or upper management. Even though this project manager may think he or she is shielding the project team, the outcome is likely to be more painful than simply communicating negative information as it arises. Has the project manager provided good status reporting and distributed...

Visibility Of It Project Failures

It should come as no surprise that failures of information technology (IT) projects often have a negative impact on the business organization sponsoring the project. There have been numerous reported cases where the failure of IT to deliver much needed capabilities impacted a company's financial standing, market shares, or even worse. A list of some of the more visible IT project failures was published by Computerworld in September 2002. Some of the projects cited in that article include ERP...

What Does A Project Manager Do

The project manager's challenge is to combine two discrete areas of competence The art of project management Effective communications, trust, values, integrity, honesty, sociability, leadership, staff development, flexibility, decision making, perspective, sound business judgment, negotiations, customer relations, problem solving, managing change, managing expectations, training, mentoring, and consulting. The science of project management Plans, WBS, Gantt charts, standards, CPM prece-dence...

Value of Certification

The value of certification is a hotly contested issue in project management. Many argue that the knowledge-based certifications that exist today simply show that you have some background knowledge and can pass an examination, not that you can successfully manage projects. Again there is no clear evidence that certification increases the success of project managers on any clearly definable criteria. In fact, certification and licensing are not designed to eliminate poor performance or to...

The Value Of Scope Management Outputs

The scope management outputs are extremely important to the overall management of the project and contribute to how the project will be organized. With diligent planning, the project team will see the value of this planning process and outputs of the Scope Management plan. The team will execute and perform Scope Planning, Scope Definition, Create a Work Breakdown Schedule, Scope Verification, and Control. If the project manager eliminates any or part of these areas, the project could be...

The Emergence of the Project Planner Role

A project planner supports the project manager by taking over critical, detail-oriented, time-intensive tasks, such as the ones discussed above. As a result, the project manager is free to focus on more strategic project goals and objectives. Earlier in this chapter, we discussed the core tasks of the leader. It's worthwhile noting that the core tasks of the manager have been identified as These tasks align with the role of planner. Together, the project manager and planner controller resolve...

The Difficulty Of Managing By Phases Alone

Early project management concepts introduced the idea of gaining control by partitioning the project into phases. Because it was moving in the right direction, this was a good step, but it didn't solve the total problem. As practitioners have come to recognize, using the disciplines, methodologies, and development techniques did not automatically guarantee project success. Those early project developers found that the phases could be very long and that they still couldn't determine if they were...

Step Teach New Behavior

Defining new behavior is not difficult realizing the new behavior is quite a different matter. At this point the people from the management development area began to determine development needs. They began to ask the question of how to teach this new behavior throughout the organization. In order to implement project management, the role of the project manager had to be redefined. In addition, people throughout the organization had to understand the new role of the project manager. This person...

Six Sigma Business Strategy And Project Management Basic Concepts

Let's briefly outline the conceptual aspects of the Six Sigma FIGURE 30-1. THE NORMAL CURVE AND THE REPRESENTATION OF DISPERSION THROUGH THE STANDARD DEVIATION FIGURE 30-1. THE NORMAL CURVE AND THE REPRESENTATION OF DISPERSION THROUGH THE STANDARD DEVIATION business strategy, the project management conceptual framework, and the potential benefits from the combination of these two approaches.

Power of Internet Collaboration

One of the side benefits from the emergence of technology into our everyday lives is the availability as a tool for other IT projects to leverage. The power of the Internet and online collaboration tools and web-based repositories means that project teams (including user representatives) no longer need to sit in the same conference room to review a presentation. They can participate in a virtual project room, where they all have access to the project documentation being reviewed. Certain...

Leadership Style Effectiveness

For more than ten years, the author has investigated influence bases with regard to project management effectiveness.3 Through those formal studies it is measurably and consistently found that managers who are perceived by their personnel as (1) emphasizing work challenge and expertise, but (2) deemphasizing authority, penalty, and salary, foster a climate of good communications, high involvement, and strong support to the tasks at hand. Ultimately, this style results in high performance...

In A Multiple Project Environment

It is important that all key stakeholders, especially project managers, sponsors, and functional resource managers, understand their individual roles and responsibilities and are fully committed to corporate, portfolio, and project objectives. If roles and responsibilities are not aligned, each stakeholder could allow personal agendas to interfere with project decisions and negatively impact project success due to potential infighting and competition for scarce resources. Project managers must...

Implications For Practitioners

Regardless of the potential for project management to achieve professional status, the promulgation of written standards, and the acceptance of these standards by important jurisdictions and organizations, has serious implications for the way a craft is practiced. Today courts and other organizations can take these standards into account in defining negligent or competent practice. Some feel that it is only a matter of time before project managers are held legally accountable for the outcomes...

Individuals Characteristics

Many of the elements of organizational project management capability we have described encourage the acquisition and development of individuals with the right skills and competencies. These include the classic competencies in planning, monitoring, controlling, forming and leading teams, communicating, managing stakeholders, negotiating problem solving, and leading. These are necessary to the effective conduct of projects. But they are not sufficient. Three personal characteristics stand out as...

Figure Example Schedule

Create a dynamic plan that will change as a reflection of tasks completing earlier or later than scheduled. This is where the spreadsheet loses its appeal and project management software becomes a necessity. Keep in mind to apply any Lead and Lag times that you discovered during Activity Sequencing. There are a number of Schedule Development techniques available. Critical Path is probably the most widely used and is the underlying technique behind MS Project. Also gaining in prominence has been...

Figure Six Sigma And Capital Investments Projects Workflow

The methodological revision and validation processes, represented by the boxes just before each of the gates, refer to the methodological acceptance of the work done during the stages, before the appointment of the gates review meetings. These processes are conducted on behalf of the PMO by expert professionals, like Master Black Belts and or Certified Project Management Professionals, and aim to assure the consistency of the information that will be submitted to the project sponsors during the...

Ending Project Failure

In the past decade, there has been a trend towards improvement in our ability to pull off projects. Project slippage and failure rates are falling, at least in those application areas that attract research interest, such as software development and pharmaceutical R& D. Cost and time overruns are down. Large companies have made the most dramatic improvement. In 1994, the chance of a Fortune 500 company's project coming in on time and on budget was 9 percent, its average cost 2.3 million. In...

Discussion Questions

O To what extent do you support the view that project management is a source of competitive advantage (versus competitive convergence) for your organization Based on your understanding of project management maturity models, present a case that these models meet the VRIO criteria and are a source of competitive advantage. Discuss the three main topics that you think need to be addressed in the field of project management for the discipline to be recognized as a source of strategic advantage.

Core Processes of the Methodology Framework for Six Sigma Projects

Figure 30-6 illustrates the breakdown of the suggested methodology framework for Six Sigma projects into its core processes. Three kinds of different and complementary processes are considered in this figure 1. The specific working activities processes, represented by the majority of the boxes, refer to the sequential working activities established for each of the stages. One who is used to working with the DMAIC model and the PMBOK Guide can easily identify these activities. 2. The controlling...

Case Study Multiplexthe Wellbuilt Australian

Multiplex is a diversified property business, employing over 1,500 people across four divisions construction, property development, facilities management, and investment management. Based in Australia, it has a presence in Southeast Asia and Europe. Its core construction business involves managing the design and construction of urban developments, such as office buildings, shopping centers, apartment buildings, hotels, hospitals, and sporting complexes. Landmark projects have included the 430...

Background Information A Look Back at Strategy

Greiner, Bhambri, and Cummings identified seven periods in the history of strategic management.2 1. 1940s Budget extrapolation and financial goals. In this decade, strategic plans consisted of financial forecasts. 2. 1950s Long-range planning and formal models. Detailed, top-down formal strategic plans addressed business strategy. 3. 1960s Business idea and corporate identity. The concept of a strengths, weaknesses, opportunities, and threats (SWOT) analysis and corporate identity took center...

Authentic Leadership In Action

Authenticity means that people believe what they say. Integrity means that they do what they say they will do, and for the reasons they stated to begin with. Authenticity and integrity link the head and the heart, the words and the action they separate belief from disbelief, and often make the difference between success and failure. Many people in organizations lament how their leaders lack authenticity and integrity. When that feeling is prevalent, trust cannot develop, and optimal results are...

Why Implement A Project Office

Why do companies increasingly find they cannot do projects well enough without a Project Office Imagine for a moment your organization without a finance department. Without documented procedures or systems, a shared vocabulary, or professional standards. Without systematic data collection or reporting. Without any knowledge transfer or management in the financial practice. Without a CFO or comptroller. Whereas our imaginary company with no financial processes in place would at least have...

The Phase Review Model Concept

Six Sigma projects start with the perception that the company has a problem or opportunity for improvement, followed by a rough estimate of the potential financial benefits associated with the problem solving. In the beginning of the Six Sigma project, the information supporting the business case does not allow for precision of the figures. Precision comes later, as the project work advances. A company striving to execute a Six Sigma project should monitor closely project progress, along the...

The Phase Review Methodology Framework for Six Sigma Projects

Figure 30-5 illustrates a suggested generic methodology framework for managing Six Sigma according to modern project management processes. It's made up of five stages and four gates, representing the reasoning and the totality of work that consolidates the mixed approach between DMAIC and the PMBOK Guide. Stage 1 work is dedicated to a deep understanding of the problem or opportunity, formalizing the estimation of the expected project benefits, detailing the financial information contained in...

Six Sigma For Improvement

How does Six Sigma play a role with BPM It all depends on how Six Sigma is positioned and viewed within an organization. As part of achieving business excellence, Six Sigma is viewed here from a problem-solving, project-by-project perspective. The benefits in integrating BPM with the Six Sigma problem solving and design methodology are operational in nature faster and cheaper. This includes root cause elimination with statistical rigor and hard dollar improvements. The integration of BPM and...

Six Sigma Basics

In the early '80s Motorola pioneered the Six Sigma management approach to eliminate defects and waste from manufacturing processes. This strategy was based on understanding the customers' needs and expectations, knowledge of engineering, use of statistical data, and systems analysis tools. The Six Sigma concept has since left the manufacturing benches to reach the operational and administrative applications. Early adopters and followers as well as a large number of Fortune 500 companies,...

Renee Mepyansrobinson Nashville State Community College

From company to company, although methodology and life cycle may vary, the most critical success factor of any project is comprehensive scope management. The project team formulates the processes, policies, methodology and life cycle to ensure that the work requirements meet the customer expectations. The project definition and scope control must be examined continuously throughout all phases of the project to minimize risks to the outputs. The project manager is responsible for initiating the...

Michael Howell Bearing Point Global Solutions

In the challenging global economy of today, many businesses are struggling just to stay alive. Even those that are surviving are finding it more difficult to achieve sustained profitability. No matter what the type of business, no matter what product or service is provided, an organization exists to serve its customers in an efficient and effective way. And when done right, the business will be more profitable. So what is the secret to success There is none. What it takes to be successful, what...

Jeannette Cabanisbrewin Center For Business Practices

Research into the causes of project failures has identified a primary cause of troubled or unsuccessful projects the lack of qualified project managers.1 At one time, this lack was primarily due to the fact that real, trained project managers were, in fact, quite rare. Project management was the accidental profession, not one that people chose and trained for. Today, with the proliferation of degree programs, training courses, and a growing professional body, this is less true. The problem...

Improving Six Sigma Projects Results Through Project Management Processes

Whenever there are process changes and improvements to be made, they have to be managed as projects, undertaken to create a new different situation. A Six Sigma project is commonly associated with a business case based on some measurable and representative need for improvement in a process. Any deviation from the achievement of the expected results of this business case implies an unsuccessful Six Sigma project. The success criteria for any Six Sigma project is to achieve the committed goals in...

Identify Common Communication Issues

The team needs clear direction from upper management to ensure that the deliverables will be met. This will save time, reduce costs, and make sure the schedule milestones are being met. The project manager needs to keep an open-door policy for team members to talk about the project. Time management is critical for team members, especially the project manager. Document time logs or use dashboards for reporting time against the project. Prioritize workload that correlates to the project scope. To...

Figure Typical Waterfall Life Cycle Methodology

Containing the processes, activities, and tasks involved in the development, operation, and maintenance of a software product, spanning the life of the system from the definition of its requirements to the termination of its use.3 A project life cycle is a collection of generally sequential project phases, the names and number of which are determined by the control needs of the organization or organizations involved in the project. Finally, a body of knowledge can be defined as the sum of...

DMAIC and Pmbok Guide Joint Potential Benefits

Understanding both the DMAIC model and the project management processes framework, it's inevitable to perceive a strong relationship and a potential interaction between them, favorable to the achievement of the company's strategic objectives. First of all, Six Sigma projects are, in fact, a project in the same sense defined by the PMBOK Guide, undertaken to create an unique product or service (a processes change) and restricted by resources, costs, and or time. Six Sigma projects should thus be...

Conclusion

Can project management be a source of competitive advantage, and what is the strategic nature of the practice Companies face many challenges in the 21st century. Some of these issues include the speed of technological change, international competition, and performance goals. Companies that turn to project management will place the discipline under increasing scrutiny to ensure that the investments are value-adding. These companies will also take with a grain of salt some of the publications...

Cp Cpk Figure Statistical Background Of Six Sigma Process Capability

DMAIC provides orientation and tools to be executed, aiming to plan, implement, and standardize highly significant process improvements (Six Sigma), which are almost always associated with financial and or customer's loyalty gains. DMAIC consolidates the using of formal logic reasoning it is based on experimental data collection and analysis, as well as specific and proven statistical and process-oriented tools. Ultimately, DMAIC represents the transition from statistical concept goals (the Six...

Belts or Project Manager Professionals

The Black Belt is a role dedicated to the professional who successfully completed training in methods, practices, and tools of Six Sigma DMAIC, and has already experienced Six Sigma complex projects. Theoretically, he she is a full time professional working on selected projects, fixing the problems, and finding the hidden money. Black belts are the most representative and strongest role in the Six Sigma projects responsibilities chain that's the reason we are using them to represent the...

Basic Premise Competitive Convergence And Competitive Advantage

Both formally and informally, companies conduct internal assessments (strengths and weaknesses) and environmental assessments (opportunities and threats) to plan their market positions and strategies. Firms are primarily interested in improving financial returns and shareholder value to avoid situations of competitive convergence or parity (where no one firm has a distinct advantage). Competitive convergence takes place when companies try to do similar activities as their rivals with some...

Alonso Mazini Soler Universidade De So Paulo Brazil

This methodological combination of the Six Sigma business strategy and the project management approach is aimed at Better understanding and effective selection of Six Sigma projects and their objectives (problems and or businesses opportunities to be attacked). Clear definition of business cases and chartering of Six Sigma projects. Increasing the rate of success of Six Sigma project goals through the use of a comprehensive standard methodology for project management. Completion of Six Sigma...

Improving Project Management Processes Through Six Sigma Business Strategy

It has been common to read about project failures and problems. In 1994, the Standish Group reported survey results indicating that 46 percent of IT projects were over budget and overdue, while 28 percent failed altogether. In 1999, a Robbins-Gioia Inc. survey of project managers found that 44 percent of them have had cost overruns of 10 to 40 percent, and only 16 percent consistently met schedule due dates. In 1999, the Standish Group updated its report results and showed improvements in...

Project Management Methodology For Six Sigma Strategy

The definition, adoption, and deployment of a standard project management methodology is a well-known fundamental responsibility of any Project Office. Beyond the dictionary meaning of methodology, it extends to the sequence of the project work as a processes framework, and includes the description of the practices and the definition of standard tools and templates. All of these are aligned with the company's strategy, maturity characteristics, and business environment, and generally adopted as...

Formal It Project Management

A project, by definition, has a specific beginning date and a specific end date. Thus, operations and maintenance of an IT system is not a project, although there might be maintenance projects undertaken in the fulfillment of that objective. Establishing user access and monitoring network security is also not a project, although introduction of a new security capability would be a project. It is important to realize that formal IT project management does not mean mounds and mounds of more...

Formal It Project Management Roles

Formal IT project management begins with a clear understanding of the roles and responsibilities of the IT project manager, versus the roles and responsibilities of the project's business sponsor, versus the roles and responsibilities of the functional IT manager. These roles and responsibilities are briefly summarized in Table 34-1. Let's start with an exploration of the IT Functional Manager role. Many IT organizations are structured around business areas supported, which often translates...

Areas Of Challenge The Hidden Sources Of Competitive Advantage In Project Management

Because projects are conducted in complex, dynamic environments and involve a strong knowledge-based component, they cannot continue to be assessed as sources of competitive advantage if they are only evaluated on the basis of concrete, codified practices. In order to assess project management's potential as a strategic resource, we should also examine the intangible dimensions of the discipline, such as knowledge-based assets, tacit knowledge, and social capital practices. This section...

Lowell Dye Pmp Tricon Consulting

Corporate downsizing, organizational restructuring, changes in technology, and many other factors have required that most employees become skilled multi-taskers and almost all project managers become multi-project managers. On the surface this may not seem too much of an issue since everyone at some time or another has handled several activities simultaneously. However, because customers, management, and other key stakeholders want immediate response and are typically focused on the short term,...

Information Distribution The Project Management Plan and Organizational Process Assets

The output for Information Distribution is the Project Management Plan ( PM Plan) and Organization Process Assets. The relevant sections in the PM Plan describes the approach chosen for securing and storing project records on a database or company's repository through emails, formal letters, and status reports. Information exchange can be accomplished through symbols, signs, behavior, verbal communications, physical touch, or visible movements as well as documented in written form. A good...

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,...

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...