Many large-scale IT projects end up taking longer and costing more than expected, and often fail to deliver the intended results. In today’s world, where business success increasingly depends on information technology, business managers must rethink their role in IT project governance. Executives are often familiar with the fact that large IT projects—such as ERP […]
Understand and Implement: IT Projects Read More »
A well-written project description is one of the most important foundational documents in any project. It formally announces the launch of the project, identifies the project manager, and often includes the project’s internal financial account. It also outlines the business justification for the project — in essence, answering the question: why are we doing this?
Project Description: Purpose, Ownership, and Best Practices Read More »
This article summarizes findings from a research study conducted by scholars at the University of California, Berkeley, with the support and sponsorship of the PMI Educational Foundation and the Northern California Chapter of PMI. Abstract The primary goal of the research was to assess the financial and organizational impact of project management practices on organizations.
Assessing the Maturity of Project Management Processes Read More »
In a landscape of constant disruption—technological, regulatory, economic—change is no longer an exception; it’s a permanent condition. Yet many projects still fail not because of technical flaws, but due to poor adaptation and stakeholder resistance. PMI’s Managing Change in Organizations: A Practice Guide, published in 2013, directly addresses this gap by equipping project professionals to lead and
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Published in 2005, PMI’s The Standard for Earned Value Management – First Edition was a major milestone in formalizing Earned Value Management (EVM) as a globally recognized performance management tool. Designed to standardize EVM across industries and disciplines, this edition provided a clear, structured, and process-oriented approach for integrating scope, schedule, and cost management. Though later refined in the Second
Review of PMI’s The Standard for Earned Value Management – First Edition Read More »
Project initiation is the first and one of the most critical phases in the project management lifecycle. It sets the foundation for all subsequent activities, ensuring the project aligns with business goals and is feasible given available resources. A well-executed initiation phase significantly increases the likelihood of project success. 1. Define the Project’s Purpose and
Project Initiation: Best Practices for a Successful Start Read More »
In projects involving complex deliverables—whether software, construction, defense systems, or regulated products—controlling change is not a luxury, it’s a necessity. As teams iterate designs, adjust requirements, or resolve issues, there must be a structured process for identifying, tracking, and verifying what has changed, when, why, and by whom. To support this critical function, the Project Management
Review of PMI’s Practice Standard for Project Configuration Management Read More »
In the evolving world of enterprise project delivery, organizations increasingly rely on portfolio management to ensure alignment between strategy and execution. The Standard for Portfolio Management – Third Edition, published by the Project Management Institute (PMI) in 2013, builds on earlier editions to provide a structured, process-based framework for managing portfolios of projects and programs in a coordinated way.
Review of PMI’s The Standard for Portfolio Management – Third Edition Read More »
The Project Management Body of Knowledge (PMBOK®) Fifth Edition, published by the Project Management Institute (PMI) in 2013, served as a major milestone in the evolution of project management standards. This edition provided a more mature, structured approach than its predecessors and introduced important conceptual shifts that prepared the discipline for modern challenges. Despite being succeeded by newer
PMBOK® Guide – Fifth Edition: A Foundational Review Read More »
