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Usefulness of ICT in business
Project management theory
Project management theory
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Recommended: Usefulness of ICT in business
Literature review:-
IT is very useful for any company for satisfying their operational and functional needs. Due to the huge development in IT projects, companies need to keep themselves aware of changes in the global world. Companies must give more importance to ICT projects to become more popular in the competitive world. There are two different lifecycles that work together throughout the course of every project. One describes all the tasks that must be completed to produce a particular product and the second explains how to manage a product. Project management is the application of knowledge, skills, tools and techniques to project activities in order to achieve projects requirements, usually to time and budget.
In recent global history studies indicate that managing projects are challenging as it is. IT or software managers have to monitor and manage the IT projects concomitantly .IT managers’ carriers will rise and fall based on their ability to deliver high quality projects on time (Brandon 2006, p.18).
Unfortunately some IT projects become more popular and some fail due to...
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Gray, Clifford F.; Larson, Erik W., Project Management – The Managerial Process, Copyright © 2001 by The McGraw-Hill Companies, Inc.
Sharma, D., Stone, M., & Ekinci, Y. (2009). IT governance and project management: A qualitative study. Journal of Database Marketing & Customer Strategy Management, 16(1), 29-50.
Today’s business executives are asking their managers and employees “to do more… with less”. Fewer Project Managers are leading more projects with poor results, the latest Standish Group – Chaos Report shows that only 28% of IT projects succeed. Many believe that the key to Project success in not applying technical management principles, but rather, more artful soft skills such as communication and creativity. (Belzer, 2004).
Rachel seems to be well-organized and has sound time management skills for a project manager. She creates a daily to-do list to keep her focused on achieving her most important objectives. Rachel is able to identify and focus on the activities that matter most. She seems to have the concept of the 80/20 rule or the Pareto Principle which is the idea that by doing 20% of the work you can produce 80% of the benefit of doing the whole job. She spends time focusing on risks and issues. She uses her team to create ideas and create solutions. She seems to trust her team and knows she has the right team for the job. She concentrates on steering the project to a successful conclusion. Rachel also seems to possess emotional intelligence. She is aware
A project is a temporary endeavour undertaken to create a unique product or service. They are goal oriented, have a definite start and finish time, must be done within cost, schedule and quality parameters. Projects involve the coordinated undertaking of interrelated activities (Project Management: Achieving Competitive Advantage). According to Tom Peters, “Projects, rather than repetitive tasks, are now the basis for most value-added in business”. Based on this, it is clear that projects are of utmost importance to businesses in both the service and the manufacturing industries.
The projects in today’s world are given a lot of importance and it will continue to grow in the coming years. There are a lot of companies which do not have production, but all of them do have projects. There are a lot of books which have been published on which related to planning and managing the projects. The one of the most important one was published by the author Eli Goldratt in his book ‘Critical chain’. This book basically talks and shows how the application of theory of constraints in the field of project management. The novel is basically based on one of the MBA classes in America where a number of ideas are developed in discussions among the students and the lecturers. The lecturer is basically fighting for a tenure with the president of the university who expects a downturn in the executive MBA. The lecturer who teaches project management has a word with one the senior colleagues and project management was the right topic to teach. There were three students who were placed in the project management team of their company which manufactures electronic products. The students are enrolled in this MBA class along with other students, here they discover a new approach to project management which is known as the
Project management is said to be completed within time when it completed within the “triple constraints”: cost, time and quality. And in a lot of causes, one them is sacrificed so as to meet the other two. Project managers prioritize which ones are the most important.
The topic of my group (group 4) was “How to totally float through your project for free” and the presentation was held by Roger Goodman who works for PMI NZ and Ernst & Young supply chain management with many years of working experience in many different countries such as Saudi Arabia and China.
- Rockart, J.F., 1979, "Chief executives define their own data needs", Harvard Business Review, 57, 2, 81-93.
IT, "Information Technology", refers to anything related to computing technology, such as networking, hardware, software, Internet, or the people that work with these technologies. Many companies have IT departments for managing the computers, networks, and other technical areas of businesses. IT jobs include network administration, computer engineering, Web development, technical support, and many other related occupations. That means "IT" already highly overused, is here to stay.
This essay will firstly discuss about the skills an effective IT project manager should have. Following this it will explain why these skills are useful to IT project managers. Subsequently it will identify the challenges unique to project management in the field of IT. Then it will present the analysis on whether leadership skills (as opposed to management skills) are really necessary for successful IT project management. On one
The failure of Information Technology projects has always been a hurtful problem for many organizations. With tons of new technologies coming out throughout the year, new IT, projects continue to grow by the year. Unfortunately, the success rates of the projects are very low and have actually lowered since its last estimate. Project risk factors are important to know and avoid in making of a success project. This paper is going to explain risks in knowledge areas, how to identify risks, and explain the risk register. Also, it’s going to identify and define the qualitative and quantitative risk analysis. In addition, it will cover planning for positive and negative risk responses. Finally, it will conclude with how to monitor and control IT project risks
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.
Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan