ITSC1415Chapter1 - Chapter 1: An Introduction to Click to...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style Chapter 1: An Introduction to Note: See the text itself for full citations.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Copyright 2010 An Introduction to Project Management, Third Edition 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 describe project constraints 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 Learning Objectives 22
Background image of page 2
Copyright 2010 An Introduction to Project Management, Third Edition 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 Learning Objectives (continued) 33
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Copyright 2010 An Introduction to Project Management, Third Edition Ø Many organizations today have a new or renewed interest in project management In 2007 the total compensation for the average senior project manager in U.S. dollars was $104,776 per year in the U.S., $111,412 in Australia, and $120,364 in the U.K. Project management certification is popular worldwide 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 Project management is also a vital skill for personal success Introduction 44
Background image of page 4
Copyright 2010 An Introduction to Project Management, Third Edition 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 PriceWaterhouse Coopers study of 200 companies from 30 different countries found that over half of all projects fail What Went Wrong? 55
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Copyright 2010 An Introduction to Project Management, Third Edition 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 Advantages of Using Formal Project Management 66
Background image of page 6
Copyright 2010 An Introduction to Project Management, Third Edition A project is “a temporary endeavor undertaken to create a unique product, service, or result”* Operations is work done to sustain the business
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/29/2011 for the course ITSE 1431 taught by Professor Gibson during the Spring '10 term at Central Texas College.

Page1 / 43

ITSC1415Chapter1 - Chapter 1: An Introduction to Click to...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online