Project Manager's Handbook: Applying Best Practices Across by David Cleland, Lewis Ireland

By David Cleland, Lewis Ireland

Discover How undertaking administration Is Used to release and deal with a variety of varieties of tasks through the business World

Project Manager’s instruction manual provides a wealth of certain examples that convey how undertaking administration (PM) is used to release and deal with initiatives in lots of varied industries all over the world. This reference takes a best-practices method of PM that incorporates “challenges and solutions,” “lessons learned,” and “what could have been performed differently” for every instance. Written via a staff of specialists, the guide lets you examine similarities and adjustments in PM perform from to and is bound to supply insights which may be necessary to the good fortune of your subsequent project.

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Estimating Maintenance and Enhancement Projects vs. New Developments. The software industry does far more maintenance and enhancement work on existing products than on completely new developments. Most maintenance projects are a combination of new development and adaptation of 13 McConnell, Steve. Rapid Development: Taming Wild Software Schedules, 1st ed. Redmond, WA: Microsoft Press. 1996. SOFTWARE AND OTHER PROJECT MANAGEMENT PRACTICES IN INDIA 17 existing software. Although the estimation steps outlined so far can still apply to maintenance and enhancement projects, some special issues have to be considered.

In India’s case, these projects have become popular. In contrast to government funds, infrastructure funds provide a degree of accountability as equity holders demand some return. Also, some tax exemptions are attractive for stockholders and interest on debt is tax deductible. In India, a maximum debt to equity ratio of 4:1 is permissible in infrastructural projects. To some extent, income from infrastructural projects is also tax-exempt. In the recent union budget of India, a five year “tax holiday” was allowed to any industry engaged in generation or distribution of power.

Estimating Cost. Many factors must be considered when estimating the total cost of a project. These include labor, hardware and software purchases or rentals, travel for meeting or testing purposes, telecommunications (such as long distance phone calls, video-conferences, dedicated lines for testing), training courses, office space, and so on. 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).

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