Project Management

Project Management: A Financial Perspective is designed to provide you with a deepunderstanding of the applications and importance of Project Management. Youwill learn how to assess a project with respect to time, costs, and resources in orderto effectively and efficiently reach your goals. You will become familiar with thefive processes involved in Project management — Initiating, Planning, Executing,Controlling, and Closing on time and within budget-— along with the nine knowledgeareas — Project Integration, Project Scope, Project Time, Project Cost, Project Quality,Project Human Resources, Project Communications, Project Risk Management, andProject Procurement — that are essential to being an expert Project Manager. Individuals need hard knowledge and real skills to work successfully in a projectenvironment and to accomplish project objectives. This book is intended to equipits users with both. How? By explaining concepts and techniques and by illustratingthrough numerous examples how they can be skillfully applied. This book is intended for students as well as for working professionals andvolunteers. It is designed to outfit these people with the essential skills needed to makeeffective contributions and will have an immediate impact on the accomplishment ofprojects in which they are involved. This book for the most part follows the framework within the Project ManagementInstitute's Project Management Body of Knowledge (PMBOK). The material, however,places a financial focus on projects as a way to accomplish desired changes in theenterprise in a coordinated and predictable way for favorable outcomes. Topics coveredinclude economic feasibility study, life-cycle costing, target costing, and earned valueanalysis. Through better project management, you can reduce or eliminate failedprojects and reduce the costs associated with successful ones, resulting in increasedenterprise effectiveness in providing the maximum value to shareholders.