This Workshop summarizes the reasons that modern project management (PM) is important to all enterprises today, in the highly competitive environment of this digital, Internet Age.
The requirements to achieve these important benefits are discussed, and the concept that PM is a core competency required of all executives is presented
Programs and projects are of great importance to all banking, insurance, industry, governmental and other organizations.
They are the means by which companies, especially when delivering complex, advanced products or systems to their customers, earn a major share of their profit.
In all these various organizations there are a growing recognition that although many projects apparently exist within the organization they are often poorly understood and frequently not properly managed.
More organizations are now recognizing these facts, and more are approaching the management of these growth steps using proven project management principles and practices.
Essentially all enterprises realize their long range growth strategies through the creation, planning, and execution of unique efforts that we call projects.
In order for any enterprise to properly, effectively, and prudently manage their future growth, modern project management principles and practices must be applied.
Thus the application of these practices, methods, systems and tools is of great importance to every enterprise today.
The project management discipline is not anymore a separate management profession but rather it is a core competency that all executives must have in this Internet Age. It should be a way of life for all professionals.
The art and science of project management will continue to evolve, in particular with more complete project life cycle management, with closer linkage to the organization’s strategic management, with more specialization in life cycle models and individual certification.