Chapter 4, Project Integration Management
1. Read the report “2015 Pulse of the Profession. Capturing the Value of Project Management” by PMI mentioned in the What Went Right section, page 194 of the 8th Edition of the book. Summarize the key points on this study and your opinion of it. Describe some specific steps organization can take to provide a supportive culture for project management.
Ø The context about the “2015 Pulse of the Profession, Capturing the Value of Project Management” featured the findings of PMI that the organization excel in project management are indeed capturing business value. The following fundamental aspects of CULTURE, TALENT and PROCESS can take to provide excellence project and project management.
Ø Culture: High-performing organizations fully understand the value of project management and are creating a project management mindset.
Ø Talent: High-performing organizations are significantly more likely to focus on talent management, establishing ongoing training, and formal, effective knowledge transfer. This is especially important in project management, where technical skills are enhanced by the leadership and strategic and business management capabilities that are nurtured through experience.
Ø Process: High-performing organizations support project, program, and portfolio management though standardized practices and by aligning projects and programs to the organization’s strategy.
2. Perform a financial analysis for a project using the format provided in the book(IT Project Management, Revised 6e). Assume that the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $200,000 in Year 1 and $30,000 each year in Years 2, 3, and 4. Estimated benefits are $0 in Year 1 and $100,000 each year in Years 2, 3, and 4. Use a 9 percent discount rate, and round the discount factors to two decimal places. Create a spreadsheet or use the business case financials template on the companion Web site to calculate and clearly display the NPV, ROI, and year in which payback occurs. In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.
Ø From the result the project is not advisable to invest because the result of ROI and NPV is low it means the project has a low chance to be successful and if ever the investor will earn low income from the project .The most advisable is when the ROI and NPV result high because the higher NPV the higher chance of success and high income.
3. Develop an outline (major heading and subheading only) for a project management plan to create a Web Site for your class, and then dill in the details for the introduction or overview section. Assume that this Web site would include home page with links to a syllabus for the class, lecture notes or other instructional information, links to the Web site for the books that we are using in the class, links to other Web sites and all links to personal pages for each member of your class and future classmates. Also, include a bulletin board and chat room feature where students and the instructor can exchange information. Assume your instructor is the project’s sponsor, you are the project manager, your classmates are your project team and you have three months to complete the project.
1.1 Home
1.1.1 Subject
1.1.2 Subject Syllabus
1.2 Class information
1.2.1 Regular Student
1.2.3 Irregular Student
1.2.4 Instructors
1.3 Lectures
1.3.1 EBooks
1.3.2 Books
1.3.3 PowerPoint Presentation
1.4 Activities
1.4.1 Quizzes
1.4.2 Hands On Activities
1.4.3 Assignments
1.4.4 Projects
1.5 Consultation
1.5.1 Chat Room
4. Write a short paper based on the chapter’s opening case. Answer the following questions (Information Technology Project Management, 7e, page 140, Opening Case):
a. What do you think the real problem was in this case?
Ø I think the real problem in this case is that Nick was having difficulty in his new role as project manager because Nick Carson is a software developer and even Nick had a technical background to make the project success his limitations lie on his ability as a software developer not being a project manager.
b. Does the case present a realistic scenario? Why or why not?
Ø Yes, all of us have its own skill like Nick Carson and we are being categories based on what skill and abilities we have.
c. Was Nick Carson a good project manager? Why or why not?
Ø No, because Nick did not focus on managing all aspects of the project and he never provide an accurate schedule as what we are expecting on a good project manager.
d. What should top management have done to help Nick?
Ø If I’m in the top management, to help Nick I will give him more ideas and training on how to be a good project manager.
e. What could Nick have done to be a better project manager?
Ø Nick should undergo on some training and kept on studying project management to be a better one.