IT Project Management - Essay Sample

Introduction

A project can be defined as a collaborative idea aimed at achieving a pre-planned goal. Projects may be started with the aim of generating profits or to help the society at large. Either way, proper planning is a key factor as far as the success of a project is concerned. Without proper planning, a project is bound to fail. IT projects are not special in matters of planning procedures. They require adequate planning as well as evaluation. The Trustworthy Bank case study is a good example to show that proper planning is necessary. Planning of a project involves several aspects. Some of them include cost implications, effects of the project to the customers and the community in general, the risk factors (BPAYNE & WATT, 2012) involved, the resources to be used, the efficiency as well effects on human resources among many others. None of these aspects can be overlooked as doing that has serious negative effects in the project. IT projects require some expertise and thus any neglecting will prove costly.

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Collection of ideas among the stakeholders of a given project or enterprise is one of the processes in the planning of a project. It is very normal in any healthy society for individuals to differ in terms of ideas. It is thus very unfair for one to just engage in the implementation of projects without involving other peoples' ideas. This way different objections are raised. In the example of the Remote deposit capture project, various members have different thoughts about the project. They are given the chance to air their ideas and that way; the project is likely to be a success. Their concerns are about the cost implications as well as the security of the system. In the development of a project, cost implications must be put into consideration (McGhee & McAliney, 2007). IT projects as well require vast evaluation regarding the budgeting to avoid spending more than what is affordable. The cost of a project is a determinant on whether the project should be implemented or not. It has to be evaluated thoroughly to avoid future wrangles that mostly originate due to the amount of money spent on the implementation of the project. It is, therefore, the duty of the managers and the stakeholders to deliberate and agree on what to spend. In case the project requires much than an enterprise can afford, it is immediately dropped.

In the line of evaluation of the project, the estimated profits are determined as well. This is used as a defense point by the pioneers of the project to convince the stakeholders. Unless you have reasonable profits, there is no way they are going to authorize the implementation of the project. Unfortunately, they are just estimates, and there is the possibility that fewer profits or even sometimes losses may be realized. To counter all these uncertainties (Serrador & CRC Press, 2015), there is the evaluation of risk involved in the project. Same way, it is a crucial aspect in the planning of an IT project. In the developing world, there exists IT gurus whose work is to monitor loopholes in electronic systems and use them for their financial gains. The remote capture system, for example, has some shortcomings. There is a possibility of individuals hacking into the system and cashing in the checks of unsuspecting customers. There is a high probability of the emergence of fraud activities through the system.

Conclusion

IT projects have some challenges especially when they are being imposed on individual not conversant with technology. It, therefore, means that the first step is to educate the society on technology before implementing the project. This proves to be a bit costly and thus making the projects challenging to implement. Prior evaluation of the project has proven to be of much help as it helps avoid problems that would have resulted from misunderstandings among the leaders. Unless all these aspects are put into consideration, it will be difficult to implement any particular project.

References

BPAYNE, & WATT, A. (2012). Project management. Retrieved from https://opentextbc.ca/projectmanagement/front-matter/about-the-book/

McGhee, P., & McAliney, P. (2007). Painless project management: A step-by-step guide for planning, executing, and managing projects. Hoboken, NJ: John Wiley & Sons.

Serrador, P., & CRC Press. (2015). Project planning and project success: The 25% solution.