What’s Project Management?
Project management is a methodological approach that is concerned with planning and guiding of processes that revolves around designing, developing, analyzing and evaluating the different projects. The project management in information technology takes planning, organizing and allocating the technological resources of an organization in completion of its goals. The major components of IT project management are consistent with hardware installation, software development, cloud computing, data management, network upgrades and the data management through the implementation of I.T related projects.
Empirical evidence suggests that I.T. projects have seen increased rates of failures since last decade, even though organizations have adopted a versatile range of efforts to make it successful. Nevertheless, the focus of managers has always been the change in traditional spectrum of project management and its variations. In the view of Marchewka, the success or failure of I.T projects is built on the advanced infrastructures and how it manages the data of an organization, or simply its security systems. There is a strong relationship among software, hardware, data and network infrastructure that lead to successful project management in I.T field. Organizations engage stakeholders, such as contractors, decision makers, engineers, and IT personnel in order to make a project successful in the field of information technology. Empirical evidence shows that stakeholders can make or break the success of a project. Even if the project delivers ultimate satisfaction interms of objectives, if key stakeholders are not happy, the long-run effects of projects will not be favorable.
Kruger further demonstrated that if project shares common culture of communication, negotiation and decision making with stakeholders, it has strong chances to get successful. An organization must not compromise on individual characteristics and the level of participation for stakeholders, otherwise it will nail down the interest of stakeholders within the project and it will not gain future attention. The process of project management consists of groups called as, Initiation, Planning, Executing, Monitoring &Controlling, and Closing. Such a process group get repeated after each project phase is completed, and lead towards exit and closing phase in order to finish a project. Critical assurance of PMBOK guidelines helps an organization reduce the chances of I.T project failure. In such consideration, this study is dedicated to critically analyze the development and to have retrospective look on the project management success or failure. It will also focus on different causes and overcoming strategies to minimize the failure of I.T. projects in reference to the PMBOK and other methodologies of making I.T projects as a successful venture.