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Lecture 1 Title: Introduction to ITPM

Lecture 1 Title: Introduction to ITPM. By: Mr Hashem Alaidaros MIS 434. Main points. Definitions of ITPM Attributes of PM PM Stakeholder Triple Constrains of ITPM Why ITPM fail?. Which situation is the worst?.

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Lecture 1 Title: Introduction to ITPM

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  1. Lecture 1Title: Introduction to ITPM • By: Mr Hashem Alaidaros • MIS 434

  2. Main points • Definitions of ITPM • Attributes of PM • PM Stakeholder • Triple Constrains of ITPM • Why ITPM fail?

  3. Which situation is the worst? • 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.

  4. Definitions • A projectis a temporary effort undertaken to create a unique product, service, or result. • Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. Managing a project includes: • Identifying requirements • Establishing clear and achievable objectives • Balancing the competing demands for quality, scope, time, and cost • Adapting the specifications, plans, and approaches to the different concerns and expectations of the various stakeholders

  5. Attributes of PM • Time Frame • Purpose (to provide value!) • Ownership • Resources (the triple constraint) • Roles • Project Manager • Project Sponsor • Project Team • Risk & Assumptions • Interdependent Tasks • Planned Organizational Change • Operate in Environments Larger than the Project Itself

  6. Project Stakeholders • Stakeholders are the people involved in or affected by project activities. • Stakeholders include: • Project sponsor • Project manager • Project team • Support staff • Customers • Users • Suppliers • Opponents to the project

  7. Triple Constrains of PM • Every project is constrained in different ways by its: • Scope goals: What work will be done? • Time goals: How long should it take to complete? • Cost goals: What should it cost? • It is the project manager’s duty to balance these three often-competing goals. • Successful project management means meeting all three goals (scope, time, and cost) – and satisfying the project’s sponsor!

  8. Chaos Study

  9. Why IT projects fail? • Larger projects have the lowest success rate and appear to be more risky than medium and smaller projects • Technology, business models, and markets change too rapidly so projects that take more than a year can be obsolete before they are completed • It is estimated that before proper project management started approximately… • 31% were cancelled before completion • 53% were completed but over budget, over schedule, & did not meet original specifications

  10. Table 1.1 Summary of CHAOS Study Factor Rankings for Successful Projects

  11. Table 1.3: Summary of Factor Rankings for Challenged and Failed (Impaired) Projects

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