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Vol. XII Issue IX - September 2010
Project Management eJournal
FEATURED PAPER
Implementing Project Management as Part of a Corporate Cost Reduction Program
By Prof Hubert Vaughan
Beijing, Cina
Abstract
The Chief Executive is now the champion for driving the project management practices within the organization. Implementation of project management is more than delivering project on time and under budget, it is the major tool for achieving sustainable cost savings in the Corporation.
Keywords:
Reform, Cost Reduction, project management, Profit improvement, Project Office, System Development
Introduction
Most organizations implement Project Management with a simple objective, to deliver quality deliverables on time, under budget, with limited resources.
Despite statistics indicating the rate of failures in project engagement year after year, organizations continue to put faith in project management because its knowledge base is comprehensive to ensure project engagements can achieve their objectives if applied properly. Furthermore, those successful engagements we often hear about are projects of significant nature from organizations we recognized as industry leaders.
Project Management was officially introduced to China just before the turn of the century. Government offices and enterprises initially greeted it with great enthusiasm. Project Management was the magic tool they were looking for that can enhance management effectiveness and improve operation efficiency. Government soon mandated all engineering contracts must have a certified project manager from the bidder to quality for bid submission, and executives expected project managers to deliver contracts on time and under-budget.
To read entire paper (click here)
 About the Author Author
Hubert Vaughan commenced his career in the field of computer technology in early 1972. Over the last 37 years he served a number of International Organizations including IBM, DEC, Unisys, Tandem, Bell Canada, Andersen Consulting, National Mutual, ANZ Banking Group and Bank of Montreal, holding senior management positions in Technology related services. His career covered the five major continents around the world as Department Manager, Director, Assistant Vice President, and Vice President that spanned across software development, professional services, product research and development, technology consulting, project/program management, strategic planning as well as business development. Mr. Vaughan is currently a Professor at the Institute of International Engineering Project Management (IIEPM) of Tsinghua University, the Graduate School of China Academy of Science, and Beijing Aeronautic and Astronautic University teaching Innovation Management, Program Management, Project management, and Software Engineering. Apart from his teaching engagements, Hubert is a research Fellow at the China Academy of Management Science; a Member of PMI’s Program Management Credentialing Committee (PgMPCC); a member of the International Society of Professional Innovation Management (ISPIM); a co-founder of the First International Innovation Management Alliance (FiiMA); and an Academic and Editorial Advisor for the professional PM World Today eJournal published by PMForum. Hubert is a Program Consultant to a number of multi-billion dollars technology projects run by State Owned technology Organizations in China. He can be contacted at hubertvaughan@gmail.com. |
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