1. Chapter 4: Project Integration Management
Good or Bad: Manager or Project
Tuesday, January 30
Information Technology Project Management, Fourth Edition

2. Information Technology Project Management, Fourth Edition
Today’s Schedule
Calendar updates
Test #1, Thursday, February 8
Project Deliverable #2, Project Contract
Due Monday, February 5
Chapter 4 Project Integration – Good Manager or Bad,
Good Project or Bad???
Information Technology Project Management, Fourth Edition

3. Information Technology Project Management, Fourth Edition
Quick Check
What are the 9 knowledge areas of the project management framework? Draw a diagram if it will help you recall them!
For bonus points, these are grouped into two types of functions, what are the functions? Which knowledge areas are in each function?
Information Technology Project Management, Fourth Edition

4. Information Technology Project Management, Fourth Edition
Learning Objectives
Describe an overall framework for project integration management as it relates to the other project management knowledge areas and the project life cycle.
Explain the strategic planning process and apply different project selection methods.
Information Technology Project Management, Fourth Edition

5. Information Technology Project Management, Fourth Edition
The Key to Overall Project Success: Good Project Integration Management
Project managers must coordinate all of the other knowledge areas throughout a project’s life cycle.
Many new project managers have trouble looking at the “big picture” and want to focus on too many details. (See opening case for a real example.)
Project integration management is not the same thing as software integration.
Information Technology Project Management, Fourth Edition

6. Strategic Planning and Project Selection
Strategic planning involves determining long-term objectives, predicting future trends, and projecting the need for new products and services.
Organizations often perform a SWOT analysis:
Strengths, Weaknesses, Opportunities, and Threats
Information Technology Project Management, Fourth Edition

7. Information Technology Planning Process
Information Technology Project Management, Fourth Edition

8. Methods for Selecting Projects
There is usually not enough time or resources to implement all projects.
Methods for selecting projects include:
Focusing on broad organizational needs.
Categorizing information technology projects.
Performing net present value or other financial analyses.
Using a weighted scoring model.
Implementing a balanced scorecard.
Information Technology Project Management, Fourth Edition

9. Financial Analysis of Projects
Financial considerations are often an important aspect of the project selection process.
Three primary methods for determining the projected financial value of projects:
Net present value (NPV) analysis
Return on investment (ROI)
Payback analysis
Information Technology Project Management, Fourth Edition

10. Net Present Value Analysis
Net present value (NPV) analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.
Projects with a positive NPV should be considered if financial value is a key criterion.
The higher the NPV, the better.
Information Technology Project Management, Fourth Edition

11. Net Present Value Example
Note that
totals are
equal, but
NPVs are
not because of the time value of money.
Information Technology Project Management, Fourth Edition

12. Information Technology Project Management, Fourth Edition
For Thursday, February 1
For Thursday, February 1 Complete Chapter 4 Read for integration process, documents and deliverables
In teams, work on Team Contract
Information Technology Project Management, Fourth Edition