Chapter 4, Project Integration Management

Melanie Pelimiano
Jul 22, 2017 · 6 min read

Create an article, post, or story in your medium accounts regarding Exercises of Chapter 4.

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.

Hi everyone I read about pulse of the profession and according to them they said that it is the annual survey of project management practitioners. The pulse of the profession charts the major trends for project management now and in the future. It features original market research that reports feedback and insight from project, program and portfolio managers, along with an analysis of third-party data.

Back to basic: Improving Project Management

One pulse research shows a number of factors contribute to this success including a focus on what we consider the basic:

  • Fully understanding the value of project management
  • Having actively engaged execution sponsors
  • Aligning project to strategy
  • Establishing a well-aligned and effective PMO
  • Using standardized project management practice throughout the organization

Business Imperatives: Getting the Fundamentals Right

Our Pulse study shows that these organizations are focusing on the fundamental aspects of culture, talent, and process that support excellence in project, program, and portfolio management.

CULTURE

The most effective organizations recognize the need for formal project and program management in their “change the business” initiatives. Creating a culture that embraces project management and increases the business value it delivers involves:

· Fully understanding the value of project management

· Requiring active engaged executive sponsors on projects and programs

· ·Aligning projects and programs to the organization’s strategy

· Having highly mature project, program, and portfolio management

TALENT

A key factor in fostering a culture that values project management is understanding the importance of skilled talent.

PROCESS

For the past several years. Pulse research has confirmed that organizations can clearly benefit from maturing their project, program, and portfolio management processes, and that process maturity leads to success.

FOUNDATIONAL PRACTICES

· Greater knowledge transfer effectiveness

· More rigorous use of risk management practices

· More frequent use of agile/incremental/iterative project management practices

· Higher benefits realization maturity

KNOWLEDGE TRANSFER

Capturing and sharing lessons learned to easing the impact of losing experienced staff, knowledge transfer represent a critical — but often undervalued — organizational competence. Knowledge transfer is at the heart of project management.

RISK MANAGEMENT

Risk management is at the heart of project management. Any number of risks can be befall a project and drive it off course, often through no fault of the team.

ORGANIZATIONAL AGILITY

Organizational agility is the ability of a business to respond and adapt quickly in response to changes in the market or other parts of its external environment.

We identified the characteristics most indicative of organizational agility as the ability to:

· Respond quickly to opportunities

· Shorten decision/production/review cycles

· Manage change

· Integrate the voice of the customer

· Manage risk

· Assign interdisciplinary project teams

· Eliminate organization silos

· Implement contingency planning

· Use iterative project management practices

· Leverage technology

BENEFITS REALIZATION

Illustrates — and measures — precisely how projects and programs add true value to the enterprise. Organizations that implement benefits realization program understand this value, because they are capturing the hard facts needed to showcase the return on their project management investments.

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.

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.

Answers :

1. Homepage

1.1 Syllabus

2. Lecture notes

2.1 Books

2.2 Notebooks

2.3 PDF

2.4 E-Book

3. Students

3.1 Regular

3.2 Irregular

4. Activities

4.1 Title of activities

4.2 Number of activities

5. Projects

5.1 Title of projects

5.2 Date announced

5.3 Date submittion

6. Attendance

6.1 Present

6.2 Absent

7. Schedule

7.1 Days of classes

7.2 Hours of classes

8. Back to home

2. 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?

I think the real problem in this case wa the project didn’t manage very well. Nick don’t have accurate schedules or detailed plans about his project. He should focus on the role of project manager not on the role of software integrator and troubleshooter.

b. Does the case present a realistic scenario? Why or why not?

Yes, because it can happened in realistic scenario that theres a manager can’t manage very well his team and their project. In making project we should follow the steps to avoid interruption on the duration of processes.

c. Was Nick Carson a good project manager? Why or why not?

No, Because for me as a project manager he must planned the process of his project before he made a decission or steps to gain success. Instead of getting the role of software integrator and troubleshooter he can assign to this role his team member because he can’t do the role of project manager and trouble shooter at the same time. That’s why he need the help and cooperation of their team members. In making a project we need a collaboration of skills from our team to avoid failure and interruption on the process of project.

d. What should top management have done to help Nick?

For me , the top management should give to nick a assistant or team members who will takes the role of software integrator and trouble shooter. Just give a chance to nick because maybe he get the position of trouble shooter because of luck of collaboration skills of their team.

e. What could Nick have done to be a better project manager?

Nick could be a better project manager in a way of focussing what role will given by the management to her. Don’t get another role or task if he can’t manage them at the same time.

References:

ITPRojectManagement7e.pdf
drive.google.com

business_case_financials.xlsx
drive.google.com

Information Technology Project Management (8 edition).pdf
Download this for future referencedrive.google.com

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