Project Management Process Groups Paper

Project Management process groups: A Business Approach

Article by: Alfredo Alcantara

January, 2016

For today’s world it is impossible not to relate a business with project management. For many it is almost natural to see new entrepreneurial business or a well-recognized multinational leveraging the advantages of new technologies and trying to engage such new tools without stopping to think about what are the means to reach those goals. What about how to achieve those new-techs perks? What happens when the work between the idea and the realization becomes a nightmare? According to a Harvard Business Review article, “one in six IT projects have an average cost overrun of 200 % and a schedule overrun of 70 %”. For a small business this could be

But what is a process group, a process group is composed by several individual processes which are a set of techniques and activities needed to have a project done. For the sake of this article we are going to dedicate to describe process groups, and to show you important facts about

the stakeholder management is very important in any project. A study made by the University of Ottawa says that 33 % of projects fail because of a lack of involvement from senior management (which in this case could be a major sponsor, or even the owner), you need to know their expectations, their schedule, and their “engagement level” which is the degree of commitment they could have with your