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Book chapter
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Reference no. BEP4569
Chapter from: "Attributes of Project-Friendly Enterprises"
Published by: Business Expert Press
Originally published in: 2016

Abstract

This chapter is excerpted from ‘Attributes of Project-Friendly Enterprises'. The objective of any organization is to create value for its stockholders. Given that sophistication in project management will lead to efficiency in operations, which in turn leads to better profits, enlightened enterprises are sensitive to project management sophistication and the definitive way of measuring it and improving it. Although in many organizations, projects are initiated in isolation of each other, and based on ad hoc urgencies, sophisticated enterprises have a formalized, logical, and consistent, structure for organizing, and managing, their projects. Project management sophistication is the state of enterprise practices in which success of projects is predictable and that the definitive measure of project management success continually improves with time. Conducting a full assessment of the organizational project management sophistication is relatively time consuming and costly. Thus, many organizations have a need and desire for instruments that would provide a rough estimate of the project management maturity of the organization without a major expenditure of funds. This book includes instruments that should help in that regard. Attributes of Project-Friendly Enterprises creates a structured approach and presents attributes of a healthy project environment that include key indicators of success for projects, proposals, portfolios, project teams, project management office, and the enterprise. This book is written for project management professionals, project managers, and senior executives of any organization. This book serves as a guide to make these evaluations. Further, graduate students in business schools may use this as a reference book to understand influencing factors in assessing project and project management performance.

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Abstract

This chapter is excerpted from ‘Attributes of Project-Friendly Enterprises'. The objective of any organization is to create value for its stockholders. Given that sophistication in project management will lead to efficiency in operations, which in turn leads to better profits, enlightened enterprises are sensitive to project management sophistication and the definitive way of measuring it and improving it. Although in many organizations, projects are initiated in isolation of each other, and based on ad hoc urgencies, sophisticated enterprises have a formalized, logical, and consistent, structure for organizing, and managing, their projects. Project management sophistication is the state of enterprise practices in which success of projects is predictable and that the definitive measure of project management success continually improves with time. Conducting a full assessment of the organizational project management sophistication is relatively time consuming and costly. Thus, many organizations have a need and desire for instruments that would provide a rough estimate of the project management maturity of the organization without a major expenditure of funds. This book includes instruments that should help in that regard. Attributes of Project-Friendly Enterprises creates a structured approach and presents attributes of a healthy project environment that include key indicators of success for projects, proposals, portfolios, project teams, project management office, and the enterprise. This book is written for project management professionals, project managers, and senior executives of any organization. This book serves as a guide to make these evaluations. Further, graduate students in business schools may use this as a reference book to understand influencing factors in assessing project and project management performance.

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