Chapter Review: CHAPTER 1

Objectives:

What we need basically from this subject? I found that after learning this chapter, learning project management is to understand the project management itself and the need for better project management.

Introduction

Back to the history of project IT, they have a terrible track record, as described in the “What Went Wrong?” section. A 1995 Standish Group study (CHAOS) found that only 16.2% of IT projects were successful in meeting scope, time, and cost goals. While Over 31% of IT projects were canceled before completion, costing over $81 billion in the U.S. alone.

I learnt from project manaement that Project Managemnt has their own advantages. And the advantages are:

• —Better control of financial, physical, and human resources
• —Improved customer relations
• —Shorter development times
• —Lower costs
• —Higher quality and increased reliability
• —Higher profit margins
• —Improved productivity
• —Better internal coordination
• —Higher worker morale (less stress)

Project: Project is a temporary endeavor undertaken to create a unique product, service, or result. It works to sustain the business wether it reach the objectives or not. The projects also sometime can be largae or small, according to the project itself, and the project have their own attributes:

• —Has a unique purpose
• —Is temporary
• —Is developed using progressive elaboration
• —Requires resources, often from various areas
• —Should have a primary customer or sponsor
• —The project sponsor usually provides the direction and funding for the project
• —Involves uncertainty

Examples of IT Projects
> KICT Repository as a medium of communication between lecturers and students.

Top Ten Technology Projects in 2006

I found them in the note and paste it here to share:

• —VoIP
• —Outsourcing
• —Data networking
• —Customer relationship management
• —Collaboration
• —Supply chain management
• —Desktop upgrades
• —Application performance management
• —Business analytics
• —Compliance tracking

Project Managers: Who is Project Manager (PM)? The project manager is who work with the project sponsors, the team and other people that involve in order to meet project goals. PM is like as boss, or a leader that observing all stuff during the running of the project.

In this chapter also I learnt about who is stakeholder and their roles in improving the project. The leadership skill is a must for any project leaders and important to understand ehat is their project is about.