Cost and Value Management in Projects
In a study of 300 large companies, consulting firm Peat Marwick finds that 65 percent of hardware and/or software development projects were significantly behind schedule, over budget, or failed to deliver value in terms of expected performance. In another report on the current state of IT project implementation, the Standish Group predicts that out of a total of 300,000 projects that cost over $350 billion, approximately 43 percent will overshoot their initial cost estimates, while 63 percent will fall behind schedule and perform at only two-thirds of their expected capability.
Why do these problems persist? One key answer is the lack of an integrated cost and value management framework.
Cost and Value Management in Projects provides practicing managers with a thorough understanding of the various dimensions of cost and value in projects, along with the key factors that impact them. In addition, it discusses the managerial approaches that would be most effective for achieving cost efficiency and value optimization. Addressing cost from a strategic—rather than just a tactical—perspective. This book will:
Projects have become one of the key means by which organizations add to their bottom lines. Mastering the project-based skills, including cost and value management, contained in this book will confer an important advantage on every organization in the relentless competition for profits, market share, and technical innovations.
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