Systems Engineering Tools by Harold Chestnut

By Harold Chestnut

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It is the profession of project management that is devoted to increasing the value and success of projects and ensuring that what is delivered meets the expectations of not just immediate users but also a broader set of stakeholders. This broader definition of project success is another element driving project management toward the status of profession. How Different Organizations Define the Value of Projects The value produced by the practice of project management is not the same in every sector of the economy (see Figure 1-5).

Analyze the problem Refine for next cycle of analysis Identify options/ select one PROJECT MANAGEMENT Implement an option/see if it works Long-Term Value of Project Outcomes Major undertakings produce outcomes that are believed to deliver great value to their users. It is difficult to know whether the value of a major project will be short-lived or will endure over time. As necessary as they may be when begun, some projects deliver important results for only a short period of time and then are replaced by new methods or new technology.

Agreed-on approaches get interpreted differently by specialists with diverse values and training. Actions influence other actions, sometimes undercutting each other or slowing implementation. Somehow, small problems can evolve into myriad complexities, dependencies, and challenges. Priorities become difficult to sort out. Projects require a process just as in problem solving (see Figure 1-3). The first phase, usually called initiation, is when the idea is worked out and described, its scope and success criteria defined, its sponsors identified, its resources estimated, and its authority formalized.

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