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Major Characteristics of a Project
An established objective
A defined life span with a beginning and an end
Specific time, cost, and performance requirements
The Importance of Project Management
No longer a special-need management
Rapidly becoming a standard way of doing business
"Project management is the wave of the future"
The Evolution of Project Management Systems
A Three-phase model that traces the evolution of project management practices in an organization. Implementing project management in an organization almost always occurs in small incremental phases. The three phases occur at different times depending on the type and size of the organization.
Phase One: Ad Hoc Use
A specific project is selected in which timing or control is important
Project management is implemented to improve the projects success
May take 2 - 5 years to complete phase
Phase Two: Formal Application
Various needs are recognized as barriers to project success
Creating a project management training structure for every level of management in the organization
Phase Three: Project-Driven Organization
Long term outlook
Resources are balanced across all projects by their priority and strategic plan of the organization
Project Management Today
Emphasis on development of an integrated process that focusus on the strategic plan of the organization
May require reengineering their entire business management process
Others may be able to integrate into existing systems
Integration in project management directs attention to two key areas:
Integration of Projects with the Strategic Plan
All aspects are interrelated - a change in any one of the parts will influence the whole
external factors
internal factors
Implementing strategies is the most difficult step
2) Integration within the Process of Managing Actual Projects
Technical side
- consists of formal, disciplined, pure logic parts of the process
- centers around creating a temporary social system
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