IT Project Management - 2632 Words

1. Discuss the reasons why IT projects fail. Although there are many contributing factors to project failure, there are six common factors. 1. Undeveloped Project Goals: Poor project planning will almost always lead to failure. One main reason for this failure is the inability to agree on the missions, goals, or objectives that the project is attempting to undertake. It is necessary that specific plans and requirements for the project are instituted in the development phase. Failure to do this will most likely result in â€Å"fragmented efforts† and a â€Å"lack of team focus† for the duration of the project. It is equally important to make sure that the chosen goals and objectives are within reach of the project and team. If the intricacy or†¦show more content†¦While research has shown has that schedule overruns often lead to failure more often than budget overruns, maintaining both are key to a successful project. The following graph illustrates this point by showing the highest percentage of failed projects as overrunning schedule and overrunning budget. 2. Define the outsourcing advantages and limitations. When outsourcing is done for the right reasons will actually help your company grow and save money and hence the advantages; i. Focus on the core activities; In rapid growth periods, the back-office operations of a company will expand also. This expansion may start to consume resources (human and financial) at the expense of the core activities that have made your company successful. Outsourcing those activities will allow refocusing on those business activities that are important without sacrificing quality or service in the back-office. Example: A company lands a large contract that will significantly increase the volume of purchasing in a very short period of time; Outsource purchasing. ii. Cost and Efficiency savings; Back-office functions that are complicated in nature, but the size of your company is preventing you from performing it at a consistent and reasonable cost, is another advantage of outsourcing. Example: A small doctor s office that wants to accept a variety of insurance plans. One part-time person could not keep up with all the different providers and rules. Outsource to aShow MoreRelatedProject Management : Projects Management902 Words   |  4 PagesProject Management Project Management. What does the words Project Management mean and what are the steps to managing a great project. If we break down the two words Project Management it is defined on dictionary.com as â€Å"The process of planning, organizing, staffing, directing and controlling the production of a system†. As shown in the website Project Insight there are multiple different steps in the project management roll such as project scope, life cycle, objectives, assumptions, constraintsRead MoreProject Management and Project Management It3115 Words   |  13 PagesExamination Paper: Project Management IIBM Institute of Business Management Examination Paper Project Management Section A: Objective Type (30 marks) †¢ †¢ †¢ This section consists of multiple choices questions and short answer type questions. Answer all the questions. Part One questions carry 1 mark each and Part Two questions carry 5 marks each. Part One: Multiple choices: 1. During _________formal tools and techniques were developed to help and manage large complex projects. a. 1950s b. 1980sRead MoreProject Portfolio Management : Project Management1432 Words   |  6 PagesProject Portfolio Management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals ― while honoring constraints imposed by customers, strategicRead MoreProject Quality Management : Project Management1322 Words   |  6 PagesQUESTION 1 Q: Why Project Quality management is so crucial in the completion of any project? Outline the various project quality management processes used. Describe in detail the process of Quality control. a. INTRODUCTION. Within any project there are a number of factors that are right up there and often preoccupy members of the Project Team. These include making sure that the project completes on time, making sure that the project does not go over budget and ensuring that all the team members areRead MoreProject Management, Project Communication, And Project Stakeholder Management797 Words   |  4 Pagesareas of project management that stood out while taking this program. Project integrated management, project communication, and project stakeholder management. A discussion on how they are executed will be presented. As more courses were taken during this project management graduate program, many of the project management concepts became clear and revealed more of the interdependencies and intricate dynamics that are required for successful project management. 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The deliverables here incorporate yet not restricted to Project s Charter; Scope that can be an underlying variant, management arrangement about the project .In the project management viewpoint, reconciliation includes the elements of partner the group; unite the status, and taking synergistic activitiesRead MoreProject Management Msc. 7Pjmn009W Project Management Project.1391 Words   |  6 Pages Project Management MSc 7PJMN009W Project Management Project Author: Maria Chico Garrido Date: 06 March 2017 Version: 1.1 Project type: Academic Preferred Supervisor: Proposed Title: How does the use of formal project management methodologies in complex Home Automation projects contribute to project success? Main Deliverables/Milestones: Deliverable Date Project Mandate 09 March 2017 Project Brief: In depth literature review of formal project management methodologies and project success. BackgroundRead MoreProject Management : A Project Essay2232 Words   |  9 PagesA project is determined by a start and an end. Before the project started the work does not exist. During a project the work does exist. When the project ends work no longer exist. To determine if something can be identified as a project it must have certain characteristics. They include a defined scope, finite budget, deliverables (specific end results) and assigned resources. During a project there are interacting processes. The initiation process starts the project and identifies the organization’sRead MoreManagement and Project1498 Words   |  6 Pages Project Human Resource Management (DAPM07T) Assignment 03 Portfolio of Evidence Table of Contents Contents 1 Introduction 3 2 Project Scope 3 2.1 Project Statement 3 3 Project Objectives. 3 4 Matrix Organisation and responsibilities 4 5 Project title and responsibilities 4 5.1 Project Team 5 5.2 Roles Of the project team 5 5.2.1 Project Manager 5 5.2.2 Project sponsor 6 5.2.3 Contractor Construction 6 5.2.4 Project engineers 6 5.2.5 Project Coordinator 6 5.2.6 Contractor