tailieunhanh - MBA In A Day Chapter 11

Chapter 11. Project Management. In this chapter we explore a concept and a practice that has grown in importance as organizations have become more complex and are continuously evolving and implementing new ideas, products, and services or seek to improve existing ones. | Section IV SYSTEMS AND PROCESSES TLFeBOOK TLFeBOOK Project Management In this chapter we explore a concept and a practice that has grown in importance as organizations have become more complex and are continuously evolving and implementing new ideas products and services or seek to improve existing ones. An organization will create a project as a way to focus resources on an opportunity or issue and to serve as a way to effectively organize its efforts to achieve a specific goal or objective. In a small firm practice or business a project may be the installation of a new accounting software system or the introduction of a new product or service. In large complex organizations several projects may be in play at the same time with some midlevel managers whose only responsibility is the management of a stream of these short-term assignments. In the dynamic nature of today s organizational environment project management is an important concept and tool to understand and effectively implement. According to the Project Management Institute PMI 74 percent of all projects fail. The projects can fail from a processes standpoint initiation planning executing controlling or closing or they can fail from a weakness in project dynamics scope time cost management quality management human resources management communications or risk . Project management covers a wide range of topics and issues and is defined as the application of knowledge skills tools and techniques to a broad range of activities to reach a predetermined goal or objective. See Figure . 211 .