By Nikhil Gurjar
This booklet is meant as a foundation for complicated therapy of recommendations in venture administration. within the present state of affairs the place so much questions are replied throughout the web, the data point in venture administration has come below the impact of disruptive applied sciences. In different phrases, venture managers now not get 'points' for realizing anything that's simply to be had on the net. This has far-reaching outcomes. the current day undertaking managers have to orient themselves to more moderen benchmarks of what's required for fulfillment at the enterprise entrance. This publication bargains with a couple of such complicated innovations in undertaking administration. This publication isn't designed as an easy primer to the sphere of venture administration, fairly it really is a complicated point therapy at the topic, to be learn after the initial learn has already been accomplished.
The booklet is designed for working towards venture managers, and graduate scholars in engineering and administration, who have to comprehend the dynamics which are in most cases encountered in a project-based atmosphere. The content material within the booklet is predicated on broad examine of literature and coaching courses. a number of the instruments were built at the foundation of modeling and simulation tools which are especially designed through the writer. those have been established at numerous reside initiatives around the globe.
Most of the routines within the ebook are literally intended for the reader to accomplish as they cross. The booklet isn't really designed with a ‘read-all-and-come-back-later’ procedure, really it specializes in ‘learning by means of doing’, wherein the reader is predicted to do the workouts earlier than interpreting on. The ebook will end up helpful in self-learning, in addition to in school room educating education programs.
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Additional resources for A Forward Looking Approach to Project Management: Tools, Trends, and the Impact of Disruptive Technologies
2 Similarities Between Projects and Operations What is essentially important to understand is that: A project is usually on the ‘spend’ part of the equation with a potential for a future ‘revenue or benefit’ of some kind. The gap, therefore, between the spend and the revenue is longer than the typical operations cycle in the company. Unlike that, operations, are an integral part of the value chain of a company. Hence, they are closely related to the revenues of the current accounting cycle or period.
Typical approvals are from senior management or the stakeholders or some bank or some regulatory body. In literature, the PFS is designated as one of the ‘exit gates’ of the project. In practice, it is indeed an ‘exit gate’ that tells the project manager to move on with his work. But given the fact that it is an exit gate, it is a very important activity. And the importance lies in the fact that: From a project management perspective, the Project Feasibility Report is the document that provides the baseline of the business case that is fulfilled by the project.
While the ‘art’ component is arguably true with any management discipline, the science cannot be undermined by this argument. Having said that, after working in different project environments globally, I saw that the fundamental understanding of project management is often not up to the desired mark. This phenomenon (of lack of knowledge) makes most managers overrate the ‘art’ component. We differ from this view in this book. 2 How Project Management Evolved Project management is highly application oriented like any other management science.
A Forward Looking Approach to Project Management: Tools, Trends, and the Impact of Disruptive Technologies by Nikhil Gurjar