O Portfolio and THE BUSINESS Information Systems Project LS O Project Management Collection EXPERT PRESS N Management DIGITAL LIBRARIES Timothy Kloppenborg, Editor David Olson EBOOKS FOR Information Systems Project Management addresses project BUSINESS STUDENTS management in the context of information systems. It deals Curriculum-oriented, born- Information with general project management principles, with focus digital books for advanced on the special characteristics of information systems. It is business students, written by academic thought based on an earlier text, but shortened to focus on essential leaders who translate real- project management elements. Systems world business experience This updated version presents various statistics indicat- into course readings and ing endemic problems in completing information system reference materials for projects on time, within budget, at designed functionality. Project students expecting to tackle While successful completion of an information systems I management and leadership project is a challenge, there are some things that can be NF challenges during their done to improve the probability of project success. This book OR professional careers. reviews a number of project management tools, including, M Management A POLICIES BUILT developing organizational ability to work on projects, better TI O BY LIBRARIANS systems analysis and design, project estimation, and project N control and termination. S (cid:127) Unlimited simultaneous Y usage David L. Olson is the James & H.K. Stuart professor ST (cid:127) Unrestricted downloading in MIS and chancellor’s professor at the University of EM and printing Nebraska. Olson has authored 20 books and has made over S (cid:127) Perpetual access for a P 200 presentations at international and national conferences R one-time fee O on research topics. He is a member of the Decision Sciences JE (cid:127) No platform or C Institute, the Institute for Operations Research and T maintenance fees Management Sciences, and the Multiple Criteria Decision M (cid:127) Free MARC records A David Olson (cid:127) No license to execute Making Society. He was a Lowry Mays endowed professor N A at Texas A&M University from 1999 to 2001. Professor Olson G The Digital Libraries are a was named the Raymond E. Miles Distinguished Scholar EM comprehensive, cost-eff ective award for 2002, and was a James C. and Rhonda Seacrest E way to deliver practical N Fellow from 2005 to 2006. He was named Best Enterprise T treatments of important Information Systems Educator by IFIP in 2006 and is a business issues to every Fellow of the Decision Sciences Institute. student and faculty member. For further information, a free trial, or to order, contact: Portfolio and [email protected] Project Management Collection www.businessexpertpress.com/librarians Timothy Kloppenborg, Editor Information Systems Project Management # 155636 Cust: BEP Au: Gerdes Pg. No. i K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services # 155636 Cust: BEP Au: Gerdes Pg. No. ii K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services Information Systems Project Management David L. Olson University of Nebraska—Lincoln # 155636 Cust: BEP Au: Gerdes Pg. No. iii K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services Information Systems Project Management Copyright © Business Expert Press, LLC, 2015. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, or any other except for brief quotations, not to exceed 400 words, without the prior permission of the publisher. First published in 2015 by Business Expert Press, LLC 222 East 46th Street, New York, NY 10017 www.businessexpertpress.com ISBN-13: 978-1-63157-122-0 (paperback) ISBN-13: 978-1-63157-123-7 (e-book) Business Expert Press Consumer Behavior Collection Collection ISSN: 2156-8189 (print) Collection ISSN: 2156-8200 (electronic) Cover and interior design by S4Carlisle Publishing Services Private Ltd., Chennai, India First edition: 2015 10 9 8 7 6 5 4 3 2 1 Printed in the United States of America. # 155636 Cust: BEP Au: Gerdes Pg. No. iv K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services Table of Contents Chapter 1 Introduction to Project Management ..........................1 PART I The Human Element ....................................................15 Chapter 2 Human Factors in Information Systems Project Management ..........................................17 Chapter 3 Project Organization .......................................................31 PART II Project Adoption and Planning ....................................41 Chapter 4 Project Selection and Approval ........................................43 Chapter 5 System Development ......................................................65 PART III Tools ............................................................................91 Chapter 6 Estimation ......................................................................93 Chapter 7 Quantitative Project Scheduling Methods .....................117 PART IV Project Completion ..................................................149 Chapter 8 Project Control and Assessment ....................................151 Chapter 9 Project Implementation .................................................169 References ...........................................................................................179 Index .................................................................................................181 # 155636 Cust: BEP Au: Gerdes Pg. No. v K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services # 155636 Cust: BEP Au: Gerdes Pg. No. vi K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services Preface This book addresses project management in the context of information systems. It deals with general project management principles, with focus on the special characteristics of information systems. It is based on an earlier text,1 but shortened to focus on essential project management elements. An introductory chapter discusses project features in general. The s ystems perspective provides a useful framework for project analysis. The systems view is a concept useful for better understanding project purposes. Systems theory is important in project management because of the unintended c onsequences often encountered in projects due to complex interrelationships of system components. By viewing projects as systems, some of these unintended con- sequences may be anticipated, and prepared for. Part I of the book focuses attention on the important human element in information systems projects. Chapter 2 is new, concerning human factors in information systems projects. Getting people to work toward the same ends is key to the success of any group activity. Even though information systems projects involve many technical matters, the human element continues to be critical. Chapter 3 discusses project organiza- tional structure. Alternative forms of organization are discussed, focusing on those that have been successfully applied to project management. The abilities of various alternative organizational forms to deal with project uncertainty are discussed. Part II discusses two processes involved in the initial project definition stage. Chapter 4 discusses issues concerning the adoption of proposed projects. A number of quantitative methods are demonstrated, includ- ing multiple objective analysis. Chapter 5 discusses systems development options. Part III involves planning. The planning stage involves specific identi- fication of how projects are going to be accomplished. Chapter 6 reviews project estimation practice. Some of the quantitative methods used are demonstrated. Chapter 7 presents and demonstrates deterministic critical path methods, and discusses resource leveling and constraining. # 155636 Cust: BEP Au: Gerdes Pg. No. vii K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services viii PREFACE Part V deals with project implementation. Chapter 8 discusses proj- ect control features, and means of assessing project success. Techniques to deal with a variety of risks involved in software project development are reviewed. Project implementation issues are examined in Chapter 9, including detailed discussion of critical success factors. A feature of the book is an effort to tie content to that of the Project Management Body of Knowledge (PMBOK).2 Each chapter includes ref- erence to how each chapter relates to the PMBOK structure. References 1 D.L. Olson. 2004. Introduction to Information Systems Project Management (Englewood Cliffs, NJ: McGraw-Hill/Irwin). 2 Project Management Institute. 2013. Guide to the Project Management Body of Knowledge (PMBOK Guide) (Newtown Square, PA: PMI). # 155636 Cust: BEP Au: Gerdes Pg. No. viii K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services CHAPTER 1 Introduction to Project Management Almost every organization gets involved in many projects. A major reason projects are so important is the fast pace of change, and the more specialized nature of modern business. Many of these projects involve information systems, a distinctive type of project. Firms have to keep at least close to the cutting edge for harnessing the power of computers in almost every aspect of business. Large accounting firms have enlarged their information system consulting operations, and almost all of this type of consulting involves an information systems project. This means that there are more and more unique activities drawing people together from diverse locations and diverse organiza- tions with diverse, specialized skills. Project management has long been associated with operations management, and is an important topic in operations management’s curriculum. There has been an explosion of projects in the field of in- formation systems. Information systems project management involves some characteristics different from those found in operations manage- ment, but many of the same tools can be applied. This is due primar- ily to the volume of new projects to implement computer technology that organizations have adopted. There are many useful things that information technology can do for organizations. The information technology environment involves high turnover of personnel, turbulent work environments, and rapidly changing technology. This results in high levels of uncertainty with respect to time and cost. Despite this more volatile environment, project management principles applicable to operations management can often be transferred to the information system environment. # 155636 Cust: BEP Au: Gerdes Pg. No. 1 K S4DCESIGAN SRERVLICIESS OLF E Title: The Basics of Foreign Exchange Markets Short / Normal Publishing Services