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A Forward Looking Approach to Project ManagementBasic Mantras of Project Management

A Forward Looking Approach to Project Management: Basic Mantras of Project Management [In this chapter, the focus is on the typical failures encountered in project situations. While a lot of these are known, most companies have issues because they tend to keep even the cardinal factors ‘flexible’. This is nothing, but a recipe for disaster. We systematically touch upon six key mantras that are critical for any project’s success. The first mantra is on stakeholders and stakeholder management; the mantra provides an improved framework of stakeholder management, involving the identification and the basic guidelines that need to be followed. The second mantra is on the scope management in a project. It shows the essence of scope management and control. The third is on schedules in the project context and how schedule management needs to be understood in the overall environment. The fourth mantra is on costing principles. These are not on accounting, rather touch upon the basics of how costing estimates are to be derived and incorporated in the project. In many cases, creative talents demand innovative execution options. While these are to be welcomed, the costing and the estimation are to be dealt with in a slightly different way. This is elaborated in the fourth mantra. The fifth and the sixth are on quality and communication. These key areas are often treated as support faculties and ignored in conventional literature.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Forward Looking Approach to Project ManagementBasic Mantras of Project Management

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Publisher
Springer Singapore
Copyright
© Springer Science+Business Media Singapore 2017
ISBN
978-981-10-0781-1
Pages
83 –100
DOI
10.1007/978-981-10-0782-8_6
Publisher site
See Chapter on Publisher Site

Abstract

[In this chapter, the focus is on the typical failures encountered in project situations. While a lot of these are known, most companies have issues because they tend to keep even the cardinal factors ‘flexible’. This is nothing, but a recipe for disaster. We systematically touch upon six key mantras that are critical for any project’s success. The first mantra is on stakeholders and stakeholder management; the mantra provides an improved framework of stakeholder management, involving the identification and the basic guidelines that need to be followed. The second mantra is on the scope management in a project. It shows the essence of scope management and control. The third is on schedules in the project context and how schedule management needs to be understood in the overall environment. The fourth mantra is on costing principles. These are not on accounting, rather touch upon the basics of how costing estimates are to be derived and incorporated in the project. In many cases, creative talents demand innovative execution options. While these are to be welcomed, the costing and the estimation are to be dealt with in a slightly different way. This is elaborated in the fourth mantra. The fifth and the sixth are on quality and communication. These key areas are often treated as support faculties and ignored in conventional literature.]

Published: Aug 10, 2016

Keywords: Stakeholders; Stakeholder management framework; Scope management; Schedule management; Project costing; Quality; Communication; Mantras

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