With this article we conclude Part 1 and soon we will start our next series...Conclusion - A technological perspective:
Management of technology in projects should ensure that the organization maintains command over the technologies relevant to its purposes, supports the organization's business strategy and stakeholder’s value. Abraham Shtub et al 1994, point out the following three steps in strategic management of technology in projects. The first step is to find out what mix of products and markets will best sustain and enhance the cash flow of the organization. The next step is to test how well the organization's technologies support the ideal product and market mix. The final step is to focus technology investments so that they better support the strategy of their organization.
In spite of the technological implications and skepticism over its success rate, project management is used globally by multi-billion-dollar companies, governments, and small non-profit organizations alike. As the global competition heats up and need for projects to be completed on time and under budget rises up, the demand for project management skills has also picked up over a period of time. To say the least, project management is changing the very face of life and the way we live, think and feel, and people behind the project management will lead the development of exciting new business enterprises in the current century and for centuries to come.References:
• SHTUB, A., BARD, J. F., and Globerson, S. 1994. Project Management – Engineering, Technology, and Implementing. New Jersey, the USA. Prentice Hall.
• YOUNG, T.L. 1998. Handbook of Project Management – A practical guide to effective policies and procedures. London. Kogan Pase Limited.
• REISS, G.1992. Project Management Demystified – Today’s tools and techniques, E & FN SPON.
• Author not specified, 2000. A Guide to the Project Management Body of Knowledge – Project management Institute, http://www.pmi.org/publictn/download/2000welcome.htm
• McNamara, C. Project Management, 1999. http://www.mapnp.org/library/plan_dec/p ... roject.htm