Value of project management: a case study
Pasi Ojala2009, WSEAS Transactions on Information Science and Applications archive
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Abstract
The amount of software has increased in several products. Software projects have become more complex and their management requires significant amount of skills from every project manager. The amount of available resources, strict budgets, cost control and need for accurate reporting and documentation as well as good quality are part of every project managers' life. As business challenges project managers more and more it would be useful to know what areas of project management create biggest value to the projects. Value Engineering has been a usable method for developing high value products for several years. It has been applied successfully to software processes as well as to software product development. This research analyses the value of project management using Value Engineering based value assessment. This is done in part by defining the concepts of value, worth, cost and in part by outlining the Value Engineering process with project management practices. The practical in...
Key takeaways
- Product worth is calculated over the time the customer is using it and the product costs over the time the vendor has costs due to it.
- Value Assessment for software project management tasks was implemented in summer 2008.
- The definition Value = Worth/Cost was discussed, and it was seen as important to find out which tasks of project management gave the best value to the vendor without neglecting customer needs.
- The idea was to identify in percentages what kind of worth the customer sees in the project management tasks.
- • How the value assessment of project management tasks works in practice?
