Special Report: Project Management
June 2008
Developing software, building a community center, performing research, or creating a global marketing plan—all these activities have one thing in common. They're all projects. Each has a start and end date. Each has a budget, stakeholders, timelines, and tasks. Each relies on an individual to lead the charge. And, each is made up of many people, with the right skills, coming together at the right time.
According to research from the Center for Business Practices, companies large and small rely on an array of complex, expensive projects to drive their business forward. A survey of project managers and other project influencers (such as business and office managers and executives) found that more than 50 percent of all enterprise projects are considered complex and 40 percent cost more than US$1 million.
Profit Online takes a closer look at the project management challenges facing many enterprises—and gives some expert advice for how to tackle those challenges successfully.