This chapter introduces projects and project management, explains how projects fit into programs and portfolio management, discusses the role of the project manager, and provides important background information on this growing profession. Although project management applies to many different industries and types of projects, this text focuses on applying project management to IT projects.
While consulting for a large company’s information technology (IT)
department, I was asked to help find a way to better manage the various
IT projects that were spread among all of its business units. The executives
wanted me to research tools that would help them prioritize the
projects so they would know which ones were healthy contributors to
the corporate strategy and which ones could be axed. The market in
which they were selling their products was slowing down, and they
wanted to centralize corporate governance and trim unnecessary IT
Being clear about the business objectives for implementing a PMO or developing its role is essential
if it is to deliver significant improvements in project performance and justify the cost. Which and
how many of the four objectives we described at the start are relevant will depend on the business
problems the PMO is intended to overcome. Once the problems are clear and agreed, the type and
range of services required to address them can be defined. This will determine the type of PMO that
is needed. Only then can the type of skill and expertise needed by the PMO...
Wind power generation is considered as the most economic viable alternative within
the portfolio of renewable energy resources. Among their advantages are the large
number of potential sites for erection and the rapidly evolving technology with many
suppliers offering from the individual turbine set to even turnkey projects. The
disadvantages of wind energy include high capital costs and lack of controllability on
the discontinuous or intermittent resource.
This publication has been designed to share IFAD’s
experience with a broader public. It uses examples of
instruments, processes and practices selected from IFAD’s
project portfolio. The theme of IFAD’s 2001 portfolio review
was the environment and natural resource management.
Environment and Natural Resource Management: IFAD’s
Growing Commitment draws extensively on that progress
report, which was presented at the Seventy-Second Session
of the IFAD Executive Board in April 2001.
Green projects - particularly sustainable energy sources and clean technology - include multiple
technologies, at different stages of maturity, and require different types of financing vehicle. Most pension
funds are more interested in lower risk investments which provide a steady, inflation adjusted income
stream - with green bonds consequently gaining interest as an asset class, particularly - though not only -
with the SRI universe of institutional investors.