Project Selection and Termination--how Executives Get Trapped PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Project Selection and Termination--how Executives Get Trapped PDF full book. Access full book title Project Selection and Termination--how Executives Get Trapped by Werner G. Meyer. Download full books in PDF and EPUB format.
Author: Werner G. Meyer
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages : 15
Get Book Here
Book Description
Many organizations deal with the challenge of choosing among projects that compete for resources. These choices often involve considering the termination of non-performing projects in favor of new, more promising projects. Terminating a non-performing project is not an easy decision for an organization. The organization has to deal with factors such as the money spent on the project, the image of the company, and the personal aspirations of the decision makers. Much research has been done on portfolio selection and the factors that affect decision makers when terminating projects. This paper specifically investigates project management and psychological determinants. It discusses five determinants that create an effect on the decision maker to escalate commitment: sunk-cost effect; self-justification; project completion hypothesis; optimism and illusion of control; and entrapment. In addition, it provides support for psychological determinants. It then looks at decision-making models and a portfolio selection survey. The paper explores the results from a survey that was done as part of a doctoral thesis to determine the project selection and termination process in organizations; 89 companies from 23 countries across 18 industries took part in this survey. The results from the survey show support for some of the previous findings, but also show a number of surprising departures from the traditional assumptions about project selection and termination.
Author: Werner G. Meyer
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages : 15
Get Book Here
Book Description
Many organizations deal with the challenge of choosing among projects that compete for resources. These choices often involve considering the termination of non-performing projects in favor of new, more promising projects. Terminating a non-performing project is not an easy decision for an organization. The organization has to deal with factors such as the money spent on the project, the image of the company, and the personal aspirations of the decision makers. Much research has been done on portfolio selection and the factors that affect decision makers when terminating projects. This paper specifically investigates project management and psychological determinants. It discusses five determinants that create an effect on the decision maker to escalate commitment: sunk-cost effect; self-justification; project completion hypothesis; optimism and illusion of control; and entrapment. In addition, it provides support for psychological determinants. It then looks at decision-making models and a portfolio selection survey. The paper explores the results from a survey that was done as part of a doctoral thesis to determine the project selection and termination process in organizations; 89 companies from 23 countries across 18 industries took part in this survey. The results from the survey show support for some of the previous findings, but also show a number of surprising departures from the traditional assumptions about project selection and termination.
Author: John Wyzalek
Publisher: CRC Press
ISBN: 1482251051
Category : Business & Economics
Languages : en
Pages : 360
Get Book Here
Book Description
Recognizing the importance of selecting and pursuing programs, projects, and operational work that add sustainable business value that benefits end users, the Project Management Institute (PMI) issued its first Standard on Portfolio Management in 2006. In 2014, it launched the Portfolio Management Professional (PfMP) credential-which several of the
Author: Jack R. Meredith
Publisher: John Wiley & Sons
ISBN: 1119369096
Category : Business & Economics
Languages : en
Pages : 546
Get Book Here
Book Description
Projects continue to grow larger, increasingly strategic, and more complex, with greater collaboration, instant feedback, specialization, and an ever-expanding list of stakeholders. Now more than ever, effective project management is critical for the success of any deliverable, and the demand for qualified Project Managers has leapt into nearly all sectors. Project Management provides a robust grounding in essentials of the field using a managerial approach to both fundamental concepts and real-world practice. Designed for business students, this text follows the project life cycle from beginning to end to demonstrate what successful project management looks like on the ground. Expert discussion details specific techniques and applications, while guiding students through the diverse skill set required to select, initiate, execute, and evaluate today's projects. Insightful coverage of change management provides clear guidance on handling the organizational, interpersonal, economic, and technical glitches that can derail any project, while in-depth cases and real-world examples illustrate essential concepts in action.
Author: James P. Lewis
Publisher: Amacom
ISBN: 9780814471326
Category : Business & Economics
Languages : en
Pages : 166
Get Book Here
Book Description
Updated concepts and tools to set up project plans, schedule work, monitor progress-and consistently achieve desired project results.In today's time-based and cost-conscious global business environment, tight project deadlines and stringent expectations are the norm. This classic book provides businesspeople with an excellent introduction to project management, supplying sound, basic information (along with updated tools and techniques) to understand and master the complexities and nuances of project management. Clear and down-to-earth, this step-by-step guide explains how to effectively spearhead every stage of a project-from developing the goals and objectives to managing the project team-and make project management work in any company. This updated second edition includes: * New material on the Project Management Body of Knowledge (PMBOK) * Do's and don'ts of implementing scheduling software* Coverage of the PMP certification offered by the Project Management Institute* Updated information on developing problem statements and mission statements* Techniques for implementing today's project management technologies in any organization-in any industry.
Author: Samuel J. Mantel
Publisher: John Wiley & Sons
ISBN: 9780470646205
Category : Management
Languages : en
Pages : 312
Get Book Here
Book Description
Project Management in Practice, 4th Edition focuses on the technical aspects of project management that are directly related to practice.
Author: Carl L. Pritchard, PMP, PMI-RMP, EVP
Publisher: CRC Press
ISBN: 1482258463
Category : Business & Economics
Languages : en
Pages : 474
Get Book Here
Book Description
This new edition of Risk Management: Concepts and Guidance supplies a look at risk in light of current information, yet remains grounded in the history of risk practice. Taking a holistic approach, it examines risk as a blend of environmental, programmatic, and situational concerns. Supplying comprehensive coverage of risk management tools, practices, and protocols, the book presents powerful techniques that can enhance organizational risk identification, assessment, and management—all within the project and program environments. Updated to reflect the Project Management Institute’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, this edition is an ideal resource for those seeking Project Management Professional and Risk Management Professional certification. Emphasizing greater clarity on risk practice, this edition maintains a focus on the ability to apply "planned clairvoyance" to peer into the future. The book begins by analyzing the various systems that can be used to apply risk management. It provides a fundamental introduction to the basics associated with particular techniques, clarifying the essential concepts of risk and how they apply in projects. The second part of the book presents the specific techniques necessary to successfully implement the systems described in Part I. The text addresses project risk management from the project manager’s perspective. It adopts PMI’s perspective that risk is both a threat and an opportunity, and it acknowledges that any effective risk management practice must look at the potential positive events that may befall a project, as well as the negatives.Providing coverage of the concepts that many project management texts ignore, such as the risk response matrix and risk models, the book includes appendices filled with additional reference materials and supporting details that simplifying some of the most complex aspects of risk management.
Author: John Carroll
Publisher: In Easy Steps
ISBN:
Category : Business & Economics
Languages : en
Pages : 297
Get Book Here
Book Description
Project Program and Portfolio Management (P3M) represents project management taken to the enterprise level. It is increasingly being recognised as critical to the success of projects in large organizations, such as governments and multinational corporations. Conversely, it is also being recognised that failure to implement it in an organization will often result in a string of poor performing and failed projects. While P3M should therefore be considered critical for large organisations, it can also play a significant part in improving the success and financial payback of projects in any size of business. Whether you will be commissioning, running, involved in the delivery of, or are just interested in the possibilities that program and portfolio management can bring, Project Program and Portfolio Management in easy steps will give you a good understanding of the subject. The few books that have been published on the subject to date tend to be technical manuals or theoretical text books, rather than hands-on guides. So, if you need to get up to speed on the subject quickly, this book is for you. It will show you how to implement program and/or portfolio management in easy steps and how to get the greatest benefit from using one or both in your organisation. Table of Contents Introduction: why every organization can benefit from P3MProject Management: establishing the starting pointProgram Management: moving on from project managementPortfolio Management: turning enterprise strategy into business realityBusiness Environment: preparing the organizationImplementing Program ManagementImplementing Portfolio ManagementBenefits ManagementStakeholder ManagementRisk ManagementCorporate GovernanceAction Plan and Road Map Note from the author In case you were wondering why there isn’t a comma after ‘Project’ in the title of the book, it’s because the book doesn’t cover project management, it covers project program management and portfolio management, which are developments from and extensions to project management. A project program refers to a series of projects that are related, and together will achieve a major change in a business. A portfolio refers to the total set of all the projects and programs being carried out in a business at any given time. Although I have included a chapter on project management, it is not intended to be a complete coverage of the subject. It is only included to establish a baseline from which to compare and contrast program management and portfolio management. For a complete coverage of project management, I would recommend Effective Project Management in easy steps (or Agile Project Management in easy steps, if you are working in an agile project environment).
Author: Harold Kerzner
Publisher: John Wiley & Sons
ISBN: 1118415825
Category : Technology & Engineering
Languages : en
Pages : 549
Get Book Here
Book Description
A new edition of the most popular book of project management case studies, expanded to include more than 100 cases plus a "super case" on the Iridium Project Case studies are an important part of project management education and training. This Fourth Edition of Harold Kerzner's Project Management Case Studies features a number of new cases covering value measurement in project management. Also included is the well-received "super case," which covers all aspects of project management and may be used as a capstone for a course. This new edition: Contains 100-plus case studies drawn from real companies to illustrate both successful and poor implementation of project management Represents a wide range of industries, including medical and pharmaceutical, aerospace, manufacturing, automotive, finance and banking, and telecommunications Covers cutting-edge areas of construction and international project management plus a "super case" on the Iridium Project, covering all aspects of project management Follows and supports preparation for the Project Management Professional (PMP®) Certification Exam Project Management Case Studies, Fourth Edition is a valuable resource for students, as well as practicing engineers and managers, and can be used on its own or with the new Eleventh Edition of Harold Kerzner's landmark reference, Project Management: A Systems Approach to Planning, Scheduling, and Controlling. (PMP and Project Management Professional are registered marks of the Project Management Institute, Inc.)
Author: Gerald I. Kendall
Publisher: J. Ross Publishing
ISBN: 9781932159028
Category : Business & Economics
Languages : en
Pages : 456
Get Book Here
Book Description
Advanced Project Portfolio Management is a comprehensive book which presents a roadmap for the achievement of high value enterprise strategies and superior project management results. It provides methods for best project selection, faster completion, optimal project portfolio management, and how to explicitly measure the PMO for rapidly increasing project ROI.
Author: Permanent Forum of China Construction Law
Publisher: Kluwer Law International B.V.
ISBN: 9403514434
Category : Law
Languages : en
Pages : 220
Get Book Here
Book Description
The “Belt and Road” initiative, designed to enhance trade flows and spur long-term regional economic growth through infrastructure projects, has expanded China’s overseas construction market. This book, written by prominent adjudicators, lawyers, scholars, entrepreneurs and consultants with extensive first-hand experience in global construction matters will assist Chinese contractors in identifying, managing and mitigating the inherent risks involved, including those arising from the political, social, economic and legal contexts of the foreign jurisdiction. Drawing on real-life experiences of project managers, lawyers, arbitrators and others—and including summaries of both successful and unsuccessful cases—the book comprehensively covers the variety of risks facing Chinese contractors of international engineering projects and provides useful advice on how to address them. The issues and topics covered in this book are: understanding the political, social and market environment of the host country; cost and scheduling impacts of host country regulation; dispute resolution mechanisms; site security; health and medical environment; availability of local goods and materials; appointment of local subcontractors; public relations and social responsibility; and insurance. Questionnaires and interviews covering a wide variety of Chinese overseas construction projects provide expert perspectives on risk analysis and management, best practices, precautions, issues to be adjudicated in arbitrations and much more. Addressing all the practical difficulties and problems encountered before and during an overseas construction project, the book will help in-house counsel for Chinese enterprises and those who interact with them improve management, reduces risks, and protect rights and interests. It will also serve as a general guide for international engineering contractors, given that the risks Chinese enterprises face in their overseas operations are shared by their international counterparts. Others welcoming this book include international lawyers, scholars and researchers specializing in construction law, arbitrators, arbitral institutions and international project owners.
