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Project Management Today
 TeamFrame & PRINCE2 - Optimise The Project Work Flow
The Value of Project Management
TeamFrame - Optimal Practice Model
HSBC Project Hell
Better Project Planning, Execution and Control
eQuest & iGate Project Management Survey May 2004
TeamFrame - Smaller Collaborative Projects
Project Management Risk
According to EQuest and the Standish Group, the industry standard for IT Project Management is appalling and every other service related industry is equally cursed with poor delivery results.
According to a recent EQuest Project Performance Survey
Average time overrun is 63% over original estimate
Average cost overrun is 45% over original estimate
Average of 67% of required features delivered.
There are three reasons for this:
| 1. | Most projects are too large they need to be broken down into smaller more manageable activities |
| 2. | Management practice is flawed there is too much reliance on command and control with lots of buffer for error, a perfect model for under delivery |
| 3. | Practice and process are disconnected it is difficult to define, apply and constantly improve best practice |
Fortunately, statistics show there has been a marked improvement over previous years.
According to the Standish Group, reasons for improvement over previous years are:
| Smaller project size |
| Better tools to monitor project progress |
| Better PM skills using formal processes |
The Standish Group recommendations therefore are:
| Keep requirements to a minimum |
| Use a process for constant communication |
| Use standard infrastructure & an iterative development process |
| Use project management tools |
This selection of papers explores the reasons for this in more detail and suggests what can be improved.
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