PROJECT MANAGEMENT MODELS Your details 1 WHY PROJECT

PROJECT MANAGEMENT MODELS Your details 1

WHY PROJECT MANAGEMENT? Defined as “the application of knowledge, skills, tools and techniques to project activities to meet the project requirements” (PMP, n. d). Organizations face new challenges due to evolving surroundings In order to achieve strategic goals, there is a requirement of being flexible Critical factor for a successful business: Effective Project Management 2

PROJECT MANAGEMENT MODELS Maturity Model Hybrid Software Process Simulation Model Future of Project Management 3

Maturity Model Enables organizations to manage all ongoing projects effectively Continual Improvement for all project management processes Establish capability for project management driven by standards and defined processes Defined responsibilities and roles of a project management team Reviewing current and previous project performance Accomplish strategic objectives via project management practices 4

Maturity Model Structure The project management maturity model is ranked from 1 to 5 (Capabilities maturity model. 2007): Level 1 = Ad-hoc, includes basic PM processes Level 2 =Planned, incorporates Individual planning of the project Level 3 = Managed, incorporates systemized project planning and control Level 4 = Integrated, integration of multi-project planning and control Level 5 = Sustained, continuous process improvement 5

Hybrid Software Process Simulation Model The purpose is to enable Software Project Estimation by (Martin & Raffo, 2001): Integrating of two common approaches Discrete Event System Dynamics Used for constructing a realistic project specified model 6

Project Management Future Enhanced Leadership Skills Establish and develop more powerful tools and practices Develop advanced simulation techniques Better project team composition 7

WORK CITED Capabilities maturity model. (2007). Network Dictionary, , 86 -86. Martin, R. , & Raffo, D. (2001). Application of a hybrid process simulation model to a software development project Journal of Systems and Software, 59(3), 237 <last_page> 246. PMP, L. R. Improving your project management skills AMACOM. Sudhakar, G. P. Elements of software project management Prentice-Hall of India Pvt. Ltd. 8

WORK CITED CONTD. . Wang, Q. , Dietmar Pfahl, David M. Raffo, & Paul Wernick. Software process change: International software process workshop and international workshop on software process simulation and modeling, SPW/Pro. Sim 2006, . . . (lecture notes in computer science) Springer. 9