Processes Involved in Planning, Scheduling, and Budgeting of Information Technology Projects

1413 Words6 Pages
Processes Involved in Planning, Scheduling, and Budgeting of Information Technology Projects Introduction Organizations of all types and sizes engage in project planning, scheduling and budgeting to achieve their goals, but information technology projects have some special qualities that make these processes more challenging. Project managers must take a wide range of factors into account in formulating their approaches to software development, including the fact that current processing speeds will likely be twice as fast as when the project is completed compared to when it was started due to Moore's Law continuing to hold true and Parkinson's Law that work expands to fill the available time. In this environment, identifying those processes that are involved in effectively planning, scheduling and budgeting information technology projects has assumed new relevance and importance. To this end, this paper provides a review of the relevant peer-reviewed and scholarly literature concerning planning, scheduling and budgeting for information technology projects, followed by a summary of the research and important findings in the conclusion. Review and Analysis Planning Processes There are a number of benefits that can be achieved through effective project planning. For instance, Devaux (1999) reports that, "Projects that are well planned become shorter and cheaper" (p. 19). By contrast, projects that lack effective planning tend to expand to follow Parkinson's Law and fill
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