Overcoming Project Management Problems

Research Paper (postgraduate) from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: 68/100, language: English, abstract: Project Management in software development has become extremely complex due to the rapid business changes and technology updates. Triggered by multiple project failures, this report describes adjustment for the existing project management processes followed by FTME to overcome contemporary challenges. FTME is an IT vendor based in Dubai providing IT solutions to multiple customers in the region. The problem identified is the predefined uncalculated constraints; customers impose on vendors as the condition for the project to be awarded. The research drills down in Agile standard process and PMI methodology to recommend appropriate changes in the existing internal processes that will assist in overcoming the constraints. It has analysis of multiple IT vendor experts on the same subject and interview feedback as qualitative analysis to further support the findings. The recommendations include redefining project success criteria to properly asses project failure attributes, appropriate project selection and existing process enhancement using Agile process as a base .