George Mason University


Information Technology
Project Management


Impact of Project Management


  • Explain the need for formal project management in contrast to other forms of management or to self managed projects.

Assigned Reading

  1. Two case studies on turning a company around through better project.  More
  2. Reyck BD, Grushka-Cockayne Y, Lockett M, Calderini SR, Moura M, Sloper A.  The impact of project portfolio management on information technology projects.  International Journal of Project Management 23 (2005) 524–537.  This reading is available through your instructor.  Email►


What you know?

Advanced learners like you, often need different ways of understanding a topic. Reading is just one way of understanding. Another way is through writing about what you have read.  The enclosed assessment is designed to get you to think more about the concepts taught in this session. 

  1. Does implementing Portfolio Project Management make projects more on time and under budget?
  2. What were the three stages of adoption of portfolio project management and did these stages make a difference in rate of projects finishing on time?

Respond in an email to your instructor.  Email►


Rapid Analysis

  1. In an Activity Based Cost study of a project, we need to estimate the monthly cost of equipment.  We know that the equipment was purchased for $100,000 and it costs $15,000 per year to maintain.  If the equipment's life cycle is 5 years, what is the total monthly cost of the equipment?  In this problem assume a 6% interest rate. 

  2. If the cost and benefits of an EHR are indicated as below, then calculate the rate of return on the investment for the electronic health record (assume a 8% opportunity cost for projects within this organization).  

    Description Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7
    Initial development costs ($1,600)              
    Initial training costs ($100)              
    Operation and maintenance costs   ($200) ($200) ($270) ($270) ($280) ($280) ($290)
    Ongoing training costs   ($150) ($160) ($160) ($170) ($170) ($180) ($180)
    Medical record savings   $40 $80 $100 $120 $130 $140 $150
    Paper savings   $10 $20 $20 $30 $40 $50 $60
    Salary savings   $150 $350 $550 $750 $850 $950 $1,000
    Retrieval savings   $70 $100 $150 $200 $250 $300 $350

This page is part of the course on Project Management.   This page was last edited on 01/31/17 by Farrokh Alemi, Ph.D ©Copyright protected.