Page 52 - DCAP307_PLANNING_AND_MANAGING_IT_INFRASTRUCTURE

Planning and Managing IT Infrastructure

Notes  The probability of successfully completing the project is lowest, and hence risk and
uncertainty are highest, at the start of the project. The probability of successful completion
generally gets progressively higher as the project continues.
 The ability of the stakeholders to influence the final characteristics of the project’s product
and the final cost of the project is highest at the start and gets progressively lower as the
project continues. A major contributor to this phenomenon is that the cost of changes and
error correction generally increases as the project continues.

!
Caution Care should be taken to distinguish the project life cycle from the product life
cycle.

Task Explain the concept of fast tracking in project life cycle.

Self Assessment

Fill in the blanks:

3. A ................................ is a temporary endeavour undertaken to create a unique product or
service.
4. The amount of time put into individual tasks determines the overall ................................ of
the project.
5. Each project phase normally includes a set of defined ................................ designed to establish
the desired level of management control.

6. The ................................ serves to define the beginning and the end of a project.
7. Depending on the flexibility of your organisation, changing your process might not be
easy, even if you know what it is to ................................

3.3 Concept of Project Management

Project management is the application of knowledge, skills, tools, and techniques to project
activities to meet project requirements.
IT project management is an area of project management that has an emphasis on computer
technology. This form of project management differs from other management systems in the
way that it deals specifically with how information is handled via both software and hardware.
IT project management is the knowledge base in which IT project managers refer to in order to
successfully carry out their projects. IT project management consists of the various methodologies
and tools that assist in the planning, moderation, and execution of an IT project. The project
manager is in charge of gathering, organising, and directing the resources necessary to provide
a project with the most efficient result. Because IT projects rely heavily on data management,
one of the best things an IT project manager can do to increase his or her productivity is utilise
the most up-to-date IT project management software solutions.
Project management is accomplished through the use of the following five processes:
 Initiation

 Planning

46 LOVELY PROFESSIONAL UNIVERSITY