By Nikhil Gurjar
Read Online or Download A Forward Looking Approach to Project Management: Tools, Trends, and the Impact of Disruptive Technologies (Lecture Notes in Management and Industrial Engineering) PDF
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Extra resources for A Forward Looking Approach to Project Management: Tools, Trends, and the Impact of Disruptive Technologies (Lecture Notes in Management and Industrial Engineering)
With the information revolution, the project environment has moved from a ‘congregation’ of many subject matter experts (SMEs) and ‘business perspectives’ to the more significant aspect called ownership. Identifying the project environment is probably the most important starting point for any manager. This is highlighted in the Ownership Model that we have presented here. We also have moved away from the conventional approach to project manager where the classification/categorization of projects is considered a sacred and useful exercise.
8. Is the business need identified correctly? Does the project satisfy the business need fully? What is the business risk attached to the project? Is the project return going to be worth it? Are the conditions right to undertake the project? How should the project be undertaken? What are the ‘hard’ and ‘soft’ constraints of the project? A possible description and guidance note on decisions that need to be made at a later date in the project. A Quick Test Project Feasibility Studies typically should have the following components: 1.
And therefore, the genesis of the second big misconception that is being fuelled by this phenomenon in reality. 2 Projects in Business 29 therefore, what needs to be understood is that, although a PFS may not be of the quality it should be, it still has a few details that are critical for the manager. Therefore, one should not undermine the value of the PFS and must ensure to use it with the right perspective and objective. A good quality of the PFS is definitely a good start for the project. The PFS must implicitly contain a detailed understanding of the project, a priority framework for the objectives, an understanding of the ‘boundary conditions’ and the ‘initial conditions’ in the proposed business case and, a meaningful way of fulfilling the needs of the business.