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A Forward Looking Approach to Project ManagementSecond Level Review-III

A Forward Looking Approach to Project Management: Second Level Review-III [Despite all the knowledge a project manager might have, he might still find himself misaligned with the corporate objective. In other words, the project manager needs to broaden his frame of reference. In this chapter, we begin by understanding this concept by touching on a broader phenomenon that involves the concept of Truth and its Forms at various levels of the organization. We then move on to help the project manager understand this concept in a practical scenario. A simple case study is used to identify the impact of cost and time and the role of conventional analyses on the same. This is taken further by assisting the reader integrate these concepts with two business-level issues viz. the Strategic Time Window and the Opportunity Costs. The exercise helps the manager understand the difference in perspectives at the corporate and the business strategy level while defining the future course of action in many projects.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Forward Looking Approach to Project ManagementSecond Level Review-III

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Publisher
Springer Singapore
Copyright
© Springer Science+Business Media Singapore 2017
ISBN
978-981-10-0781-1
Pages
145 –157
DOI
10.1007/978-981-10-0782-8_9
Publisher site
See Chapter on Publisher Site

Abstract

[Despite all the knowledge a project manager might have, he might still find himself misaligned with the corporate objective. In other words, the project manager needs to broaden his frame of reference. In this chapter, we begin by understanding this concept by touching on a broader phenomenon that involves the concept of Truth and its Forms at various levels of the organization. We then move on to help the project manager understand this concept in a practical scenario. A simple case study is used to identify the impact of cost and time and the role of conventional analyses on the same. This is taken further by assisting the reader integrate these concepts with two business-level issues viz. the Strategic Time Window and the Opportunity Costs. The exercise helps the manager understand the difference in perspectives at the corporate and the business strategy level while defining the future course of action in many projects.]

Published: Aug 10, 2016

Keywords: Many forms of truth; Project culture; Project cost versus time debate; Strategic time window; Opportunity costs; Corporate strategy; Project crashing

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