Chapter 1: Introduction to Project Management2Learning ObjectivesUnderstand the growing need for better project management, especially for information technology projects.Explain what a project is, provide examples of information technology projects, list various attributes of projects, and describe the triple constraint of projects.Information Technology roject !anagement, "ourth Edition #Learning Objectives$escribe project management and discuss %ey elements of the project management framewor%, including project sta%eholders, the project management %nowledge areas, common tools and techni&ues, and project success factors. Understand the role of the project manager by describing what project managers do, what s%ills they need, and what the career field is li%e for information technology project managers.'Learning Objectives$escribe the project management profession, including its history, the role of professional organi(ations such as the roject !anagement Institute, the importance of certification and ethics, and the growth of project management software.)Introduction!any organi(ations today have a new or renewed interest in project management.*omputer hardware, software, networ%s, and the use of interdisciplinary and global wor% teams have radically changed the wor% environment.The U.+. spends ,2.# trillion on projects every year, or one-&uarter its gross domestic product, and the world as a whole spends nearly ,./ trillion of its ,'/.0 gross product on projects of all %inds.12Project Management Statistics3orldwide IT spending continues to grow, and "orrester 4esearch predicts that U.+. IT spending will grow by another ).0 percent in 2//), to reach ,05) billion.1In 2//#, the average senior project manager in the U.+. earned almost ,5/,/// per year, and the average roject !anagement 6ffice 7!68 $irector earned more than the average *hief Information 6fficer 7,..9,2## vs. ,./#,52)8.11The Apprentice, the number-one U.+. reality television show in 2//', portrayed the important role of project managers.0IT projects have a terrible trac% record.: .55) +tandish ;roup study 7*ower costs.