IT Project management Attributes of Projects s Unique purpose Has a beginning and end Require resources often from various areas a Should have a primary sponsor and/or customer ■ Involve uncertainty Introduction to Project Management
Introduction to Project Management 11 Attributes of Projects ◼ Unique purpose ◼ Has a beginning and end ◼ Require resources, often from various areas ◼ Should have a primary sponsor and/or customer ◼ Involve uncertainty IT Project Management
IT rojsek management Samples of IT projects Northwest Airlines developed a new reservation system called ResNet(see chapters 11-16) Many organizations upgrade hardware, software and networks via projects(see chapter 5 opening and closing case a Organizations develop new software or enhance existing systems to perform many business functions(see examples throughout the text) Note: It projects" refers to projects involving hardware software. and networks Introduction to Project Management
Introduction to Project Management 12 Samples of IT Projects ◼ Northwest Airlines developed a new reservation system called ResNet (see chapters 11-16) ◼ Many organizations upgrade hardware, software, and networks via projects (see chapter 5 opening and closing case) ◼ Organizations develop new software or enhance existing systems to perform many business functions (see examples throughout the text) ◼ Note: “IT projects” refers to projects involving hardware, software, and networks IT Project Management
IT Project management Motivation for Studying IT Project Management IT Projects have a terrible track record A 1995 Standish Group study(CHAos) found that only 16.2% ofIt projects were successful and over 3 1% were canceled before completion, costing over $81 B in the U.S. alone a The need for It projects keeps increasing In 1998, corporate America issued 200,000 new-start application development projects In 2000, there were 300,000 new IT projects, and a In 2001, over 500,000 new It projects were started Introduction to Project Management 13
Introduction to Project Management 13 ◼ 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 U.S. alone ◼ The need for IT projects keeps increasing ◼ In 1998, corporate America issued 200,000 new-start application development projects ◼ In 2000, there were 300,000 new IT projects, and ◼ In 2001, over 500,000 new IT projects were started Motivation for Studying IT Project Management IT Project Management
IT ( managemEnt Advantages of Using Formal Project Management Better control of financial, physical, and human resources Improved customer relations a Shorter development times ■ Lower costs Higher quality and increased reliability Higher profit margins Improved productivity Better internal coordination ■ Higher worker morale Introduction to Project Management
Introduction to Project Management 14 Advantages of Using Formal Project Management ◼ 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 IT Project Management
IT rojsek management The 2001 Standish Group Report Showed Decided Improvement in IT Project Success Rates From the 1995 Study a Time overruns significantly decreased to 63% compared to 222%0 Cost overruns were down to 45% compared to 1899 a Required features and functions were up to 67% compared to 61% 78,000 U.S. projects were successful compared to28.000 28% of it projects succeeded compared to 169 Introduction to Project Management 15
Introduction to Project Management 15 The 2001 Standish Group Report Showed Decided Improvement in IT Project Success Rates From the 1995 Study ◼ Time overruns significantly decreased to 63% compared to 222% ◼ Cost overruns were down to 45% compared to 189% ◼ Required features and functions were up to 67% compared to 61% ◼ 78,000 U.S. projects were successful compared to 28,000 ◼ 28% of IT projects succeeded compared to 16% IT Project Management