Page 186 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Unit 11: Future of Project Management-I

Notes
Table 2

We know too that this project process is susceptible to the application of a systematic and logical
sequence. In its most basic form, this may be described as “Plan first, then produce”. The benefit
of applying such systematic logic is that the process itself may be improved in its performance.

Task Discuss the future of project management in India.

11.3 The Implications of Improving Performance

Why should we want to improve performance? Because the overall goal of project management
is not only to achieve successful results but to be seen to have done so. This translates into
stakeholder or “customer satisfaction”.
Over the last two decades, there has been much study and discussion on the contents of the
project management process. Currently, the Project Management Institute has identified ten
major elements forming the Project Management Body of Knowledge (PMBoK). These consist of
four core objectives (or constraints): the management functions of scope, quality, time, and cost;
and four interactive and adaptable management functions of risk, human resources, contract/
procurement and information/communications. In addition there are the elements of integration
and success, all of which can be managed.
This complex relationship can be conveniently illustrated as shown in Figure 11.1.

Figure 11.1: Project Management Integration — The Source of Success

**Includes both internal (informal) commitments and external (formal) contracts
RMW, CQ, EJ & Others 1990

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