IT Project Management, Third Edition Chapter 1 1 Chapter 1: Introduction to Project Management
IT Project Management, Third Edition Chapter 1 2 Learning Objectives • Understand the growing need for better project management, especially for information technology projects • Explain what a project is and provide examples of information technology projects • Describe what project management is and discuss key elements of the project management framework
IT Project Management, Third Edition Chapter 1 3 Learning Objectives • Discuss how project management relates to other disciplines • Understand the history of project management • Describe the project management profession, including recent trends in project management research, certification, and software products
IT Project Management, Third Edition Chapter 1 4 Project Management Statistics • The U.S. spends $2.3 trillion on projects every year, an amount equal to one-quarter of the nation’s gross domestic product. • The world as a whole spends nearly $10 trillion of its $40.7 trillion gross product on projects of all kinds. • More than sixteen million people regard project management as their profession; on average, a project manager earns more than $82,000 per year.* *PMI, The PMI Project Management Fact Book, Second Edition, 2001
IT Project Management, Third Edition Chapter 1 5 More Information on Project Management • More than half a million new information technology (IT) application development projects were initiated during 2001, up from 300,000 in 2000.* • Famous business authors and consultants are stressing the importance of project management. As Tom Peters writes in his book, Reinventing Work: the Project 50 , “To win today you must master the art of the project!” *The Standish Group, “CHAOS 2001: A Recipe for Success”
IT Project Management, Third Edition Chapter 1 6 • IT projects have a terrible track record – A 1995 Standish Group study (CHAOS) found that only 16.2% of IT projects were successful and over 31% were canceled before completion, costing over $81 B in the U.S. alone • The need for IT projects keeps increasing – In 2000, there were 300,000 new IT projects – In 2001, over 500,000 new IT projects were started Motivation for Studying Information Technology (IT) Project Management
IT Project Management, Third Edition Chapter 1 7 Advantages of Using Formal Project Management • Better control of financial, physical, and human resources • Improved customer relations • Shorter development times • Lower costs • Higher quality and increased reliability • Higher profit margins • Improved productivity • Better internal coordination • Higher worker morale
IT Project Management, Third Edition Chapter 1 8 What Is a Project?
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