Describe the software crisis and how the often dismal track record for information technology (IT) projects provides a motivation for changing how we view and manage IT the sociotechnical, project management and knowledge management approaches that support ITPM. Define what an IT project is and describe its attributes. Define the discipline called project management. Describe the role and impact IT projects have on an organization. Identify the different roles and interests of project stakeholders. Describe the project life cycle, the systems development life cycle and their relationship. Describe extreme project management. Identify the Project Management Body of Knowledge (PMBOK). | Gerhard Steinke Duy Tan University August 2009 Describe the software crisis and how the often dismal track record for information technology (IT) projects provides a motivation for changing how we view and manage IT projects. Explain the socio-technical, project management and knowledge management approaches that support ITPM. Define what an IT project is and describe its attributes. Define the discipline called project management. Describe the role and impact IT projects have on an organization. Identify the different roles and interests of project stakeholders. Describe the project life cycle, the systems development life cycle and their relationship. Describe extreme project management. Identify the Project Management Body of Knowledge (PMBOK) and its core knowledge areas. Information Technology (IT) projects are organizational investments that require Time Money Other resources such as people, technology, facilities, etc. Organizations expect some type of value in return of this . | Gerhard Steinke Duy Tan University August 2009 Describe the software crisis and how the often dismal track record for information technology (IT) projects provides a motivation for changing how we view and manage IT projects. Explain the socio-technical, project management and knowledge management approaches that support ITPM. Define what an IT project is and describe its attributes. Define the discipline called project management. Describe the role and impact IT projects have on an organization. Identify the different roles and interests of project stakeholders. Describe the project life cycle, the systems development life cycle and their relationship. Describe extreme project management. Identify the Project Management Body of Knowledge (PMBOK) and its core knowledge areas. Information Technology (IT) projects are organizational investments that require Time Money Other resources such as people, technology, facilities, etc. Organizations expect some type of value in return of this investment IT Project Management is a relatively new discipline that combines traditional Project Management with Software Engineering/Management Information Systems to make IT projects more successful. Successfully building and implementing a system that provides little or no value to the organization. Or Failing to implement an information system that could have provided value to the organization, but was poorly developed or poorly managed. The CHAOS study published in 1995 by The Standish Group found that although the spent over $250 billion on IT projects, approximately 31% were cancelled before completion 53% were completed but over budget, over schedule, and did not meet original specifications. For mid-size companies, average cost overruns were 182%, while average schedule overruns were 202%! Larger projects have the lowest success rate and appear to be more risky than medium and smaller projects Technology, business models and markets change so rapidly that a project that
