Project manager's handbook : applying best practices across by David Cleland, Lewis Ireland

By David Cleland, Lewis Ireland

Discover How venture administration Is Used to release and deal with quite a few forms of initiatives through the business World

Project Manager’s Handbook provides a wealth of distinctive examples that exhibit how venture administration (PM) is used to release and deal with initiatives in lots of varied industries around the globe. This reference takes a best-practices method of PM that incorporates “challenges and solutions,” “lessons learned,” and “what could have been performed otherwise” for every instance. Written via a crew of specialists, the guide lets you examine similarities and ameliorations in PM perform from to and is certain to supply insights that could be necessary to the good fortune of your subsequent project.

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The Nasscom-McKinsey Report 2005 estimates that only 10 percent of the addressable market for global offshoring has been realized so far, leaving ample room for future growth. India’s leadership position in the global offshore IT industry is based on five main advantages: (1) a well-educated and large workforce: India now accounts for 28 percent of IT and BPO talent among 28 low-cost countries; (2) creation of an urban infrastructure that has fostered several IT clusters in the country; (3) operational excellence that has delivered cost and quality leadership in offshore service centers; (4) a conducive business environment including several favorable policy interventions such as telecom reforms; and (5) continued growth in the domestic IT sector that provides enabling infrastructure and develops a broad-based skill base.

9 PROJECT MANAGEMENT EDUCATION IN INDIA Most Indian universities (including the Indian Institutes of Technology) offer Project Management as an elective course. Topics typically include critical path method, program evaluation review (PERT), and project evaluation techniques such as net present value, internal rate of return method (IRR), and cost-benefit analysis. Some courses include cost of capital, organizations for project management, and others. Some universities have started offering more elective courses such as advanced project management.

Exactly how one estimates total project cost depends on how the organization allocates costs. Some costs may not be allocated to individual projects and may be recovered by adding an overhead value to labor rates (dollars per hour). Often, a software development project manager will estimate only the labor cost and identify any additional project costs not considered “overhead” by the organization. The simplest labor cost can be obtained by multiplying the project’s effort estimate (in hours) by a general labor rate (dollars per hour).

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