Fundamentals of Project Management
Author: Joseph Heagney
Pub Date: August 2016
Print Edition: $17.95
Print ISBN: 9780814437360
Page Count: 240
Format: Paper or Softback
Edition: Fifth Edition
e-Book ISBN: 9780814437377
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Preface to the Fifth Edition
Four years have passed since the Fourth Edition of this book was published, and some important indicators in the project management world have changed, while others have remained the same. According to the recent Project Management Institute (PMI) Pulse of the Profession report, the percentage of projects succeeding (meeting their goals) has, from 2012 to 2015 remained flat at 64 percent. However, today, high performing organizations are focusing on the fundamental aspects of culture, talent, and process that support successful projects. These organizations drive project management and meet original project goals and business intent two-and-a-half times more often than low performers. The message from this report is clear: go back to the basics and lay the foundation for successful projects in the future. The Fifth Edition of Fundamentals of Project Management is an excellent tool for you to lay your own foundation for managing projects and, if appropriate, to continue your journey toward becoming a seasoned project management professional.
Two new chapters have been included in this edition. Stakeholder management was added to the Fifth Edition of the Project Management Body of Knowledge (PMBOK) in 2013 as a new knowledge area, and as a result, we have added Chapter 4, “Incorporating Stakeholder Management into the Project Planning Process.” Think about how many people and groups assist you as your projects mature through the project life cycle. Now, think about how many of them are impacted by your project deliverables. These people and groups are called stakeholders. Do you identify your stakeholders? Do you manage them from project initiation through closure? Many project managers do not, and their results reflect it. This chapter offers best practices, tools, and techniques that will help you with your stakeholder interactions and management.
The other new chapter included in this edition is Chapter 15, “Closing the Project.” Project closure represents the final process of managing a project. Some of the most successful project managers I have known and observed through the years do everything well except manage project closure. I call this stage of the project the stealth process, because it is often overlooked in training and in practice. This chapter emphasizes the need for all project managers to be disciplined when closing out a project. It stresses the importance of completing project closure tasks as carefully as you would the tasks necessary to create your schedule or budget, and offers you the tools you can use to be both thorough and efficient as you close out your projects.
Numerous other changes have been made to this edition of the book as well. First and foremost, Fundamentals of Project Management has been updated and revised to fully reflect the Fifth Edition of PMBOK.
Enhancements to the new edition include an expanded Chapter 6, formerly titled “Creating the Project Risk Plan.” The chapter now offers a focus on creating your own communication plan, with an excellent template that can be adapted as needed. This should be mandatory for any project manager with medium to large-size projects.
In addition, the new edition contains a more expansive Chapter 7, “Using the Work Breakdown Structure to Plan a Project,” which now includes additional coverage of estimating in the project environment. Without estimating, you are basically wandering in the wilderness. This chapter presents multiple tools that will help you navigate that wilderness and develop solid estimates as you plan your project. Also included in this chapter is a focus on the basics of project procurement management.
I consider project management to be the ultimate business paradox. The fundamental project tools never really change, but the nuances of applying those tools for project success seem to be always changing, adjusting for the new now. Adjustments must be made for technological advances, workplace demographics, global reach, and even fluctuations in the economy, to name but a few. Successful project management can be a real challenge, and it is never dull, which is why I chose it as a career. This new edition of Fundamentals of Project Management includes time-proven tools, as well as information that will keep you current with the requirements of the profession today. As you read, remind yourself to learn from the past, and look to the future.
Joseph J. Heagney
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