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The role of project management in achieving project success
Eight key factors to ensuring project success
The role of project management in achieving project success
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Technology projects can be challenging to complete on-time and within budget. Analysis of some 13,000 plus projects provides a sobering account of technology project challenges. The Standish Group's "CHAOS Summary 2009," showed that only 32% of all projects succeeded and were delivered on time and within budget; 44% were late, over budget, and/or with less than the required features and functions. An astounding 24% of the projects examined failed, were cancelled prior to completion, or delivered and never used.
In CELT’s (Center for Education Leadership and Technology) twenty plus years of technology and education project management we have successfully completed and observed hundreds of technology projects. The majority of the technology projects we see are good projects. If three essential project management ingredients were successfully implemented in a consistent manner; however, a good technology project could easily become a great technology project.
Consistent implementation of the three project management steps described in this article will assure that vendors deliver and school districts complete technology and education projects on time, within budget and in a manner that meets and often exceeds stakeholders’ expectations. The three key components to on-time and within budget projects are: 1) management oversight, 2) subproject definition, and 3) written agreement on deliverables.
Step 1: Create a Management Oversight Plan
The first step in any project is developing a project management oversight plan that defines expectations, outcomes, and establishes a timeline. Key organizational stakeholders and influencers are interviewed to identify the issues and concerns expected to be resolved by the project. The key issu...
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...The TOC and key findings approval provide the basis for authoring the draft report. The draft report will document current status, commendations, gap analysis findings, and recommendations. The last step in the development of project deliverables is to write and review the final report including the implementation action plan with a timeline, budget, funding sources, and person responsible for specific implementation activities.
When conducting an orchestra everyone must have the same music on their stand, be tuned, and in-time. The conductor needs to understand each section’s role and make certain that each section enters and exits crisply and accurately. Successful project management is similar. With a clear project management plan, subproject definitions, and identified and agreed upon deliverables your projects will appear to be well orchestrated symphonies.
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Information technology (IT) project management in the domain of public education can be a complex undertaking fraught with challenges and risks. The ability to effectively oversee a project, which is a temporary endeavor undertaken to create a unique product, service, or result (Project Management Institute, 2013), can be crucial in supporting academic initiatives and engagement in school settings. This paper will describe and then reflect upon the experience of being tasked with the project of creating a mobile lab at North Saanich Middle School. The reflective portion will examine the process through the perspectives gained because of the subject matter presented in PJMT 501 as the beginning of this course coincided with the start of the implementation phase and continues concurrently with the closeout phases (Schwalbe, 2010, p. 58) of the project. Specifically, three examples of how scope, time, and cost goals (Schwalbe, 2010, p.9) became unbalanced will be examined and a reflection on how to learn from these experiences will be forwarded. This perspective will help to describe how the exposure and deeper understanding of the basic principles of Project Management not only influenced the completion of this project but also will influence future approaches to other IT projects.
Spokane Industries has contracted Franklin Electronics for an 18 month product development contract. Franklin Electronics is new to using project management methodologies and have not been exposed to earned value management methodologies. Even though Franklin and Spokane have worked together in the past, they have mainly used fixed price contracts with little to no stipulations. For this project Spokane Industries is requiring Franklin Electronics to use formalized project management methodologies, earned value cost schedules, and schedules for reports and meetings. Since Franklin Electronics had had no experience with earned value management, the cost accounting group was trained in the methodology in order to bid for the project. Franklin Electronics won the contract because they had the lowest price. They developed a work breakdown structure that consisted of 45 work packages with 4 of the work packages being delivered in the first 4 months. They also developed a simple status report consisting of the work packages due, budgeted cost for work scheduled, budgeted cost for work performed, actual cost for work performed, cost variance and price variance. When they deliver the first status report, the Franklin Electronics project manager is called into an emergency meeting because Spokane Industries vice president is unhappy with the progress. In this paper, we will discuss Six Sigma process improvement for tracking time and cost, recommendations on how Franklin Electronics can use project management principles to meet their goal of improving efficiency and empowering management to make better and informed decisions through the use of Earned Value Management, how an effective Earned Value Management System contributes ...
Graham, R. J. & Randall, L., Creating an Environment for Successful Projects: The Quests to Manage Project Management, second ed. San Francisco: Jossey-Bass, 65-113, 2003.
Project Management is quickly becoming a field of study and importance in the business world. A search on the Internet of the title “Project Management” yields hundreds or results including forums, training manuals and job openings for related positions. Project Management is a broad term referencing the necessary steps taken by management to ensure a product is feasible before and during implementation. According to Project Management Learning Objectives, the steps to achieve success in this area include: testing and measuring products, evaluating and managing the product cycle, comparing costs and benefits, measuring product worth, economic analysis, product analysis, teambuilding and leadership, and budgeting and cost control (Project Management Outline). Project Managers oversee many different areas of the business and are responsible for project success.
Note: Reprinted from " Project Management Institute”, A guide to the project management body of knowledge, Copyright 2013 by Project Management Institute, Inc. Reprinted without permission.
Patanakul, P., & Milosevic, D. Z. (2010). They are business leaders at Spotlight Corporation. In D. Z. Milosevic, P. Patanakul, & S. Srivannaboon, (Eds.), Case studies in project, program, and organizational project management (pp.409-416), Hoboken, NJ: John Wiley &
Information Technology (IT) Project Management is a critical issue for all organizations because the failure rates of IT projects are alarming (Whittaker, 1999). A Gartner study suggests that about 75% of IT projects based in the United States of America (USA) are deemed as failures by the stakeholders (Waters 2008).
Heagney, J. (2012). Fundamentals of project management (4th ed.). New York, NY: American Management Association
Using most project management principles, there are many differences ways in which are applied throughout the business world. Moreover, almost all businesses are constantly in search of best practices and ways in which they can improve their respective processes. Most organizations often tend to make huge investments in technology, in both hardware and software. These types of project initiatives require enormous amounts of funding and in most cases the amount of funding is just not available in most businesses. Therefore, decisions are usually made in regards to which projects should get funding, also which should get limited funding and which should get no funding as well (Wysocki, 2012). The dollars funding to fund these
There is an immense difference in project management between a large traditional organization, a technology company and a startup. To begin with, project management practice in a traditional company is superlative, well-defined and show a sustained approach. They have a balanced strong metrics and internal communities to maintain personalized methodologies and tools to achieve project deliverables. However, in a large technology company project management is complicated as the business needs keep changing with the demanding stakeholders from traditional organization. Project management in an IT organization ensures that a factual technology is applied to provide a direct solution to the organization. Also, management is well planned with the appropriate consideration given to schedule, risk, resource and quality management. Unlike in larger organizations, a startup company has a creative disruption and not a well-established i.e.
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.
In this paper will talk about the Project Management the role of project management is becoming more and more important and valuable in order to make the project a success. Consequently, it has now become even more significant to avoid the reasons for a failure of a project beforehand. There are an ample amount of reasons for which a software project might result in a failure. Some are high in likelihood and effect while others are less likely and risky. Project Manager revolves around the primary functions for effective results and consists of: planning, organizing, staffing, guidance, and control. There are 14 principles revolve under those functions. Software managers must develop the skills, knowledge and abilities in each of these functions to provide an acceptable product successfully on schedule and within budget. [1]
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.
Everyone who has been involved in a project will agree that making a project succeed requires hard work. The difficulties are countless: delays, excessive budget over-runs, inadequate results, dissatisfied end-beneficiaries, high stress among the project team and other undesirable outcomes. Therefore, the purpose of the project manager is to help you to organize, plan and control your projects to make sure you do not encounter such difficulties. Projects are characterized by five features: a project manager, a group of people, a goal, limited time and money and a certain level of uncertainty related to whether the goals will be achieved or no. Project managers are responsible of these aspects, which makes supervising and directing projects a very hard task. Following these lines will help the project manager maximize the potential of the project’s success by helping them address each element of the project at the right time and to the right level of detail for its size and complexity.