CHAPTER 4: PROJECT INTEGRATION MANAGEMENT
My Opinion:
No matter how well you prepare, your efforts can easily go off the rails without focused attention and proper follow-up along the way. Base on the survey on (In pulse of the profession® Capturing the Value of Project Management 2015) that 2800 global professionals was that only 12 percent of organizations considered to be high performers. Maybe to improve the other organizations and teams it must need to pay attention to project execution in order to deliver impactful projects. And must have a good project management, to have a good project management it must have a good project manager that has a positive leadership so you can have a proper project planning and it must have a proper implementation and proper monitoring, evaluation and successful teamwork and plan for the unexpected because not everything will go as planned. “Hope for the best but plan for the worst”. No matter how well you architect your plan, things can and will go awry. So that means you must prepared for changes so that you can stand behind a project’s goals on broad level maybe that’s the key for a successful project management.
I’ve performed 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. I’ve used a 9 percent discount rate.
