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Introduction to Project Management

Introduction to Project Management | Chapter 1: Introduction to Project Management IT Project Management, Third Edition Chapter 1 Learning Objectives Understand the growing need for better project management, especially for information technology projects Explain what a project is and provide examples of information technology projects Describe what project management is and discuss key elements of the project management framework IT Project Management, Third Edition Chapter 1 Learning Objectives Discuss how project management relates to other disciplines Understand the history of project management Describe the project management profession, including recent trends in project management research, certification, and software products IT Project Management, Third Edition Chapter 1 Project Management Statistics The U.S. spends $2.3 trillion on projects every year, an amount equal to one-quarter of the nation’s gross domestic product. The world as a whole spends nearly $10 trillion of its $40.7 trillion gross . | Chapter 1: Introduction to Project Management IT Project Management, Third Edition Chapter 1 Learning Objectives Understand the growing need for better project management, especially for information technology projects Explain what a project is and provide examples of information technology projects Describe what project management is and discuss key elements of the project management framework IT Project Management, Third Edition Chapter 1 Learning Objectives Discuss how project management relates to other disciplines Understand the history of project management Describe the project management profession, including recent trends in project management research, certification, and software products IT Project Management, Third Edition Chapter 1 Project Management Statistics The U.S. spends $2.3 trillion on projects every year, an amount equal to one-quarter of the nation’s gross domestic product. The world as a whole spends nearly $10 trillion of its $40.7 trillion gross product on projects of all kinds. More than sixteen million people regard project management as their profession; on average, a project manager earns more than $82,000 per year.* *PMI, The PMI Project Management Fact Book, Second Edition, 2001 IT Project Management, Third Edition Chapter 1 More Information on Project Management More than half a million new information technology (IT) application development projects were initiated during 2001, up from 300,000 in 2000.* Famous business authors and consultants are stressing the importance of project management. As Tom Peters writes in his book, Reinventing Work: the Project 50, “To win today you must master the art of the project!” *The Standish Group, “CHAOS 2001: A Recipe for Success” IT Project Management, Third Edition Chapter 1 IT projects have a terrible track record A 1995 Standish Group study (CHAOS) found that only 16.2% of IT projects were successful and over 31% were canceled before completion, costing over $81 B in the