Lecture 01 26022024 082558pm
Lecture 01 26022024 082558pm
Lecture 01 26022024 082558pm
Lecture 01
Ms. Sarah Farrukh
Course Evaluation
Component Weightage Count
Quiz 10% 4
Finals 50% -
Course Learning Outcomes
Understand the key elements of the IT project management framework and explain the
principles of project life cycle.
Work in teams to plan various project activities in a scientific way to monitor performance.
Implement and manage project schedule using appropriate project management tools.
IT Projects has terrible track record in terms of defining “What went wrong?”
A 1995 Standich group study (CHAOS) found that 16.2% IT projects are successful in
meeting scope, time and cost goal, over 31% of IT projects were cancelled before
completion.
A PricewaterhouseCoopers study found that overall half of all project fail and only
2.5% corporations consistently meet their target for scope, time and cost goals for
all types of project.
Advantages of formal project management