Is there an Entrepreneurial Dimension to Project Management?

The emphasis across business and industry on innovation, organizational agility, and customer-centric business models has increased the demand for project managers with entrepreneurial skills. The authors provide a self-assessment that can serve as an indicator of where you are on a project manager–entrepreneur continuum and help determine the kind of education or experience required to advance your professional aspirations.

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Impact of Quality in Project Management

Many projects are unsuccessful and fail to get completed within budget and timelines. One of the underlying causes for their failure can be attributed to unaligned and weak processes that result from a combination of problems such as feeble project management, poor cost estimation, poor planning and scheduling, inadequate requirements management, and inappropriate contingency planning, as well as many others. To maximize a project’s performance and enhance the probability of its success, every organization needs to build a better project management process dedicated to meeting the customer’s most important needs.

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On-the-Fly Scope Management

The speed of adoption with technology—specifically in the mobile and cloud environment—is so fast that it’s becoming more difficult to “freeze” the scope and ascertain what scope creep is and what a true change to scope is. This is a challenge the author has faced as a project manager with a cloud service provider…

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Risk Management for Program Managers

Program management is a relatively young discipline within the project management profession. That means there are fewer tools and techniques to address the challenges of program risk. At the same time, the larger responsibilities of program managers mean greater disruption from risk events. Consider the following findings about the state of program management…

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Extreme Project Management

Extreme Project Management (XPM) is a methodology used to describe how to deliver projects on time and budget based on the scope. Is the theory behind this concept really new, or just another name for what many project managers already know? Either way, this article points out the true “extremes” of project management, highlights the theory behind XPM and provides some guidance on when to use the technique.

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Extreme Project Management

Extreme Project Management (XPM) is a methodology used to describe how to deliver projects on time and budget based on the scope. Is the theory behind this concept really new, or just another name for what many project managers already know? Either way, this article points out the true “extremes” of project management, highlights the theory behind XPM and provides some guidance on when to use the technique.

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Project Management in Emerging Economies

Globalization has had multiple effects on emerging economies. The per capita income has risen, and the underlying facets of project execution and delivery are subject to these changes in the economy. The emerging nations have provided relatively abundant low-cost, English-speaking labor that could deliver under tough constraints. In these circumstances, project management has been focused primarily on meeting the bottom line, as opposed to focusing on the other values and methodologies required for managing projects. However, the cost-driven outsourcing of earlier years has changed to value-driven outsourcing in more recent years.

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In-Between or Neither-Nor? Challenges and Opportunities for Meso Management in Development Projects

International Development addresses a vast array of issues related to social and economic transformation. This article draws attention to the importance of the meso management level, which helps to bridge the gap between the macro level where strategies are defined and the micro levels where the interventions occur. To be effective it must face challenges related to project governance and management competencies.

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Stakeholder Management in SAP Implementation Projects

Stakeholder selection should be a collaborative effort between the client and the project team. In this paper, the author outlines a strategy for conducting stakeholder analysis, classifying stakeholders into broad categories. Action plans for gathering stakeholder requirements and devising a communication strategy provide a reference for project managers implementing SAP or other similar enterprise-wide applications.

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Changing Your Management Mindset

If you’ve been promoted or hired to a leadership position, you need to shift your mindset to focus on the new requirements and outcomes you’re being held accountable for. In other words, you need to let go of many tasks that have made you successful thus far and focus on what your team can deliver. If you don’t, you won’t make the leap into your new position successfully.

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Enterprise Project Management

The definitions and the roles of the project management office (PMO) today are very diverse, and it is therefore important to examine and understand the evolving role of the PMO in a dynamic global business environment. The role of enterprise PMO is as important as any other corporate function, equivalent to other corporate functions such as strategic planning, finance, or audit. In addition, an organization can maximize the value of project management by standardizing the practices and consolidating the initiatives across the enterprise.

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IT Project Management: The Role of Lean

Scenario: A particular software development project is underway, but progress is slow, even with the required resources on board. Technical issues are compounded by changing requirements, and planning is complicated by development resources getting pulled into support work on existing products. Quality has been compromised. The problem described above is an example of what we view as a work process issue. This is in contrast to what we have called, in a companion paper (“IT Project Management: The Role of Governance”), a governance issue.

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Profit = Project Management Partners with Finance to Use EVA

One of the best ways of selecting a project is by utilizing economic value added (EVA) methodology. This methodology is also considered a criterion of project acceptance. EVA requires effective collaboration between finance and project management, an alliance that not only enables the project management professionals to understand how the company’s finance works, but also allows them to assist business leaders in making better financial decisions.

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Integrated Team Approach in a Client-Supplier Project Environment: A Value Addition to Project Management?

How do we manage the team in the current project environment when there are many teams involved in one project delivery? In this article we explore a generic project environment in which there is a client (sponsor) project team and one or more supplier (vendor) project teams working toward a common project goal. Practitioners in two different project domains (construction industry projects [capital intensive projects] and IT service sector projects) were interviewed as part of a case study project, and practices are recommended to set up and maintain integrated project teams for a successful project delivery.

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Project Management in Drug Discovery: Current Practices and Opportunities

The demand for drug discovery organizations to produce viable drug candidates is critical, as they try to progress pipelines in a pharmaceutical industry facing increased complexity and costs. A survey of drug discovery scientists was initiated. Respondents overwhelmingly point to project management practices as a valuable asset and offer several actionable suggestions.

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Improving Business Agility Using the Six Sigma DMAIC Roadmap in a Data Quality Management Project

According to a Gartner report, companies lose, on average, US$8.2 million annually due to issues with their data, a number that can increase when dealing with regulatory compliance and public safety issues. To meet business objectives, improve business agility, speed the time to market, reduce operating costs, as well as demands of the CIO for accurate information and actionable business insight, organizations have come to understand that they need to invoke more systemic strategies to manage the quality of data across the enterprise.

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Solving People Management Problems

One of the greatest barriers facing project managers is overcoming people issues. In this two-part series, we will look at two of them: the first centers on coping with new management. It’s a common scenario, but no matter how much advance warning you have, you’re never quite prepared for new management. Here are some helpful hints, and some mistakes to watch out for.

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Ten Change Management Tips for Information Technology Project Managers

The goal of this article is to offer practical strategies that will help you manage change effectively. The background and examples in this document have an IT bias, because the author took many ideas and examples from recent experiences managing change for 2 years in a $US20 million dollar database migration project. This project had it all-extended duration, large number of critical business intelligence applications in scope, two external vendors, and several other “critical” projects taking place in the same time frame. Change had to be managed or change would have devoured the project.

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The Big Change Management Lie

The idea that people always resist change is a lie, and it is extremely damaging to organizations seeking to increase their organizational agility. The truth is that people only resist changes that they either do not understand or for which they do not interpret there to be benefits great enough to offset the costs of their participation.

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Project Communication Management: Key for Project Success in Construction Arena

The process of managing a project’s communications should keep all participants, both team members and all key stakeholders, up-to-date on the project’s progress. The process should also help project managers and project leaders make major project decisions and reach critical project milestones and project objectives. To achieve a successful outcome, project managers need a vast amount of information, such as expectations, goals, needs, resources, project plans and schedules, status reports, and budgets and purchase requests. They also need to communicate this information, at regular intervals, to all team members and other project stakeholders.

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Avoiding Redundant Project Management Costs in Electronic Discovery Projects

The economic recession has led to corporate clients demanding greater predictability in, and more value from, their legal expenditures. Project management has become a crucial competency for law firms that must compete in this new environment. In this article, I briefly introduce the role and cost of project management in e-discovery projects and provide seven tips for decreasing project management redundancy and, hence, cost.

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Challenges of Project Management for the Integration of Organizations Into Mergers and Acquisitions Process

This article examines the processes of mergers and acquisitions, with a focus on programs and projects for the integration of the companies. It analyzes the main reasons for success and failure and considers the mistakes to be avoided, within the context of the concepts and processes for managing projects and programs of A Guide to the Project Management Body of Knowledge (PMBOK® Guide)-Fourth Edition, as well as on the basis of reports and experiences of companies that have experienced complex integrations. Project managers are challenged to deal with issues such as cultural influence, strategy, planning of the integration, and especially the management of people, as crucial elements to the success of these projects.

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Project Management in Education Empowering Projects for Emergency / War-Affected Regions

The communities confronted with disaster, destruction, and displacement in any part of the world are faced with numerous challenges. In most cases, the impact of disaster is greatest for women and children, second only to the destruction of civic infrastructure .The launching of relief projects that include well planned and organized education projects not only assist in enhancing the educational level and skill development of children, but also reduce the their psychological trauma.

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Agile versus Aggressive Traditional Project Management: How Corporate Culture Drives the Project Management Styles of Two Different High-Tech Industries

In this article, the authors describe how two very different industries — enterprise cloud computing and government research and development — are leveraging varied methodologies to satisfy market demands. The agile-based project management used in the first case is compared with aggressive, concurrent engineering combined with traditional project management in the second case. The corporate cultures that influence each industry’s choice of methodology will be discussed.

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Does Your Corporate Ladder Have the Right Project Management Rungs?

In many organizations, the career track for project managers can be a rather one-dimensional climb to the top. This article (for career-minded project managers and employers alike) recommends an alternative model, one that is more realistic, dynamic and strength-driven. It is in an organization’s best interest to leverage and reward such strengths in order to reap corporate benefits.

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