My Executive Summary: Project Management Assignment
My Executive Summary: Project Management Assignment
Contents
Executive Summary 1
Introduction 2
My MAIN BODY 2
Executive Summary
My executive Summary
1. Introduction
“Knowledge is power”, the words of a philosophers 500 years ago, now simply a
truism. The concept of information is not a new one, but for the first time we find
ourselves in the Information Age.
However, this advancement has also lead to problems, most notably in the
complexity of managing interconnected world-wide businesses. Project
Management has emerged as a way in which to manage this complexity, giving
managers and organisations clear direction and focus on how to get things done
efficiently and effectively. This essay will explore the use of Project Management
in the context of the Information Society, first by analysing the different factors
effecting businesses existing within the Information Society, and then by reviewing
how the use of project management has lead to effective business management.
One of the changes has been a move toward consumer focus and mass-
customisation has replaced standardization (REF - p9 PMWT magazine – David a
pells).
2. My MAIN BODY
History
The evolution of technological development can be traced throughout human history, and has been
a principle influence in the way humanity has existed. The Agricultural Age was characterised by
manual labour, as the world transitioned from living-off-the-land to a more self-sufficient
controlling of live-stock and harvesting of crops, using hand crafted equipment (REF). Then the
Industrial Revolution started the shift from manual labour to machine-based manufacture, and now
with the dawn of the Information Age and Computing Revolution, human intelligence is starting to
be supplemented by machines. While the first digital computers gained some popularity up to the
mid-1900’s, especially with advancements made during World War II with analogue computers used
to calculate trajectories and an early digital computer used to decrypt codes, it was only with the
commercialisation of IT, that the Information Age truly began (Ceruzzi, 2003, p.10).
By the early 1980’s computer technology had vastly improved, and Moore’s law had been
established. Each year, computers were becoming cheaper, more powerful and smaller, allowing
for the introduction of the personal computer (Ceruzzi, 2003, p. 394). Many companies started to
utilise computer and networking technologies in the workplace, allowing for anyone to do
complicated calculations, store vast amounts of data or rapidly share information across their
organisation network. The cross connection of multiple networks formed the early Internet in the
1980’s, which grew and evolved to allow for information to be accessed anytime, anywhere in the
world (Ceruzzi, 2003, p. 295). Netscape,as the first web browser to provide easy access to the
Internet, was at the forefront of this and was seen at the time as the gateway to the Internet
(Jessup & Valacich, 2008, p.47).
These advances in computing over the last three decades have had a dramatic influence on society,
changing the way in which people, businesses and the economy operates. It can be said there have
been three main industries that have been driving this revolution; the telecommunications,
computer and entertainment industry. The telecommunications industry bringing an ever faster
mechanism to transmit information, the computing industry bringing smaller, cheaper more
powerful processing and storage devices, and lastly the entertainment industry, employing these
devices in innovative new ways. Putting this all together as early as 1985, Tom Forrestor (p8)
asserts that there “has been the ‘convergence’ of electronics, computing and telecommunications
and unleashing of a tidal wave of technological innovation”. The iPod put a computer in over a 100
million people’s pockets, employing massive portable storage and clever compression algorithms,
allowing them to carry their entire music collection (REF). YouTube, unleashed the power of
amateur video produces on the world, using the new ability of a rich-content website, the ability of
users to upload themselves and watch anybody. The smart phone represents a pinnacle in this
convergence, where the iPhone, unveiled in 2007, could be used for voice calls, to watch videos,
play music, navigate, surf the Internet and to download applications.
[Technological development can be observed and has impacted the world in four main areas,
namely the home, workplace, education and on the move. Computerised technology can be
observed everywhere in the home, there are micro chips in washing machines, dishwashers, and in
modern TV’s. The adoption of technology is evidenced in the penetration of TV’s, computers, and
the Internet in modern society, with 98% of households having TV’s, 71% having computers and
65.6% having Internet access in developed countries in 2010 (International Telecommunication
Union, p.5 ).
Technology has spread throughout the workplace, with the use of ICT’s business can be conducted
out of the office. You can work from home or anywhere, with a wireless Internet connection, using
a laptop, conducting business on a website, emailing and conference calling, and using your mobile
phone to make business calls. This has made it possible for almost anyone, anywhere in the world
to open a business and reach the marketplace relatively quickly, easily and cheaply.]
Education has been impacted by technology in several ways. Students now have access to online
tuition, where qualifications are obtained via correspondence learning, making education more
accessible to people. Open source e-learning websites such as Moodle have been created to
facilitate the communication between universities, lecturers and students. Computer equipment is
now readily available, with internet access in most schools around the world. Overhead projectors
are now being replaced with computerized projectors connected to computers, where lecturers can
teach off slides.
A shift may also be observed from traditional to online libraries, with the digitization of
information on to the Internet, students can now access online databases with e-journals, articles,
magazines, and other forms of literary content from anywhere in the world, at anytime. Bill Gates,
one of the pioneers of the personal computer stated in an interview at the Techonomy Conference
in Lake Tahoe California (REF) that in five years time, people will be able to get as much value out
of the information and web lectures on the internet as they do in universities and colleges, and
that the education would be better.
Through the miniaturisation of products, technological development may also be observed whilst on
the run. Many people today have portable music players, such as the IPod which allows for the
downloading of entire music collections onto a device that can fit into a pocket. Hand-held
portable game players have become popular whilst travelling with the Sony PSP and Nintendo DS.
The mobile phone is probably one of the most revolutionary technologies, becoming one of the
most important communication and entertainment devices in today’s modern age. The introduction
of the smart phone as an all in one device enables people to phone, email, keep in touch via social
networks, browse the web and download game and other entertainment applications. It is
estimated that mobile cellular subscriptions will reach 5.3 billion worldwide by the end of 2010,
which is over 70% of the world’s population (International Telecommunication Union, p.2).
Technology in Business
ICT’s have become drivers in today’s business environment, fuelling economic growth (REF).
Through the use of IT, firms have become more competitive and are able to reach the market place
quicker and easier. The government and regulating bodies encourage economic growth and the
creation of wealth, and want to promote competition in marketplace. They reduce entry barriers,
laws and regulations, to encourage and make it easier for competitors to enter the market (REF).
Once new competitors enter with new and better products or services, businesses in the industry
will come under pressure as customers benefit from more options to choose from. Prices are then
driven down as supply increases. As organisation’s revenues and market share start to decline, they
react by potentially seeking out alliances, mergers or joint ventures to consolidate and become
more competitive or else fail and be forced out the market. This results in the decrease of industry
returns, and the volatility in the market increasing, some industries even entering price wars.
Organisations then have to constantly think of new and better product and service offerings for
their customers in order to differentiate themselves from the competition. This can be achieved
through innovation, which can be facilitated through the investment in ICT’s(REF). The firms that
manage to innovate will survive in the market place, increasing their revenues and market share,
thus the overall industry returns increase. Economic growth is fuelled within industries, thus
creating wealth for society in the way of jobs and money. Apple is a leading innovator in it’s
industry, that has managed to become an iconic brand, constantly aware of it’s competitors and
managing to bring new and different products to the marketplace, such as the IPad. Put in market
share price (REF)
This demonstrates the environment in which businesses operate in today, one that is global, highly
or even hyper competitive, dynamic, turbulent and volatile. Globalisation has broken down barriers
between nations, allowing for the movement of trade, money, knowledge, skills and people, whilst
being facilitated by the creation of ICT’s, standards and procedures (Jessup,xxxx p 8).Rapid
technological growth and greater access and use of information by consumers has placed pressure
on modern businesses. The only constant is change and the only certainty is uncertainty,
highlighting the nature of the change that is taking place and emphasising that Information and
knowledge have become key strategic assets to organizations today in being able to creatively
innovate to build and sustain their competitive advantage.
Perhaps one of the largest impacts of the information age has been a shift in the power of
information consumer. Consumers have been gaining access to information at an
exponential rate, from the 1600s when the printing press was invented, leading to mass-
literature availability to the invention of radio, bringing instant local information, to the
invention of the internet allowing instant access to virtually all the worlds information.
Search engines have become the gateway to the internet, in their own way representing
the shift in the development of the information systems powering the information age.
From the rudimentary internet simply housing sets of data, to the artificial intelligence
able to understand the wants of the user and deliver sensible answers. There is a need for
businesses to be awrae of this power and act
To survive in today’s turbulent Information Society, there is an increasing need for businesses to
invest in IS and IT to facilitate the achievement of strategic business objectives. Brynjolfsson & Hitt
(2000, p.24) state that the use of computers and related digital communication technology is a
powerful tool in reducing the costs of coordinating, communicating and information in business.
Many firms across many industries would not be able to survive without IS, such as E-Commerce
firms like Amazon.com and Google (Laudon & Laudon, 2010, p.42). There has been an increasing
interdependence between organizations and IS, and the foundation for conducting business in the
21st century is IT (Laudon & Laudon, 2010, p.42). As shown in Figure 1.1 below, a change in
strategic direction of the business often requires a change in hardware, software, databases and
telecommunications, and IS in a company defines the boundaries of what a firm is capable of doing.
New Business model – Ecommerce – long tail (chris anderson) – ebay – barnes and noble
>physical stores to e-stores > physical books to ebooks. Dell. Mass customization.
Need for Innovation – Look at Dell vs Apple
Counter – Nic Carr (Apple)
BIBLIOGRAPHY
Journal of Economic Perspectives—Volume 14, Number 4—Fall 2000—Pages 23–48