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9781423902201_PPT_ch01 - Understand the growing need for...

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Copyright 2008 Introduction to Project Management, Second Edition 2 Understand the growing need for better project, program, and portfolio management Explain what a project is, provide examples of projects, list various attributes of projects, and discuss the triple constraint of project management Describe project management and key elements of the project management framework, including project stakeholders, project management knowledge areas, common tools and techniques, and project success factors
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Copyright 2008 Discuss the relationship between project, program, and portfolio management and their contribution to enterprise success Describe the project management profession, including suggested skills for project, program, and portfolio managers, the role of professional organizations such as the Project Management Institute, the importance of certification and ethics, and the growth of project and portfolio management software 3 Introduction to Project Management, Second Edition
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Copyright 2008 Many organizations today have a new or renewed interest in project management . The U.S. spends $2.3 trillion on projects every year, or one-quarter of its gross domestic product , and the world as a whole spends nearly $10 trillion of its $40.7 gross product on projects of all kinds.* In 2006, the average senior project manager in the U.S. earned over $104,000 per year.** Project management certification is popular worldwide. 4 *PMI, Inc., The PMI Project Management Fact Book , Second Edition , 2001. **PMI, Inc., Project Management Salary Survey, Fifth Edition, 2007. Introduction to Project Management, Second Edition
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Copyright 2008 A 1995 Standish Group study (“The CHAOS Report”) found that only 16.2 percent of information technology (IT) application development projects were successful in meeting scope, time, and cost goals. Over 31 percent of the projects were canceled before completion, costing over $81 billion in the U.S. alone. A 2004 PricewaterhouseCoopers study of 200 companies from 30 different countries found that over half of all projects fail . 5 Introduction to Project Management, Second Edition
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Copyright 2008 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 6 Introduction to Project Management, Second Edition
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Copyright 2008 A project is “a temporary endeavor undertaken to create a unique product, service, or result.”* Operations is work done to sustain the business. Projects end when their objectives have been reached or the project has been terminated. *Project Management Institute, Inc., A Guide to the Project Management Body of Knowledge (PMBOK® Guide, Third Edition) (2004), p. 5.
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