Question & Answer: What is project management in relation to managing an information system? How does project management fit into th…..

What is project management in relation to managing an information system?

Project management related to information system is an organization of information which is required for the
organization to execute projects efficiently and successfully.It also provides access to tools, such as scheduling
tool, a configuration management system etc.Their is a tool named project management and information system, this is
helpful for project team to plan,schedule,monitor and report on a project.

How does project management fit into the alignment goals of a company?

By aligning projects with organizational strategy they have been acheiving greater flexibility and sustainability
This also helps them to acheive good profit and success rates and cutting down the expenses for every resources
When each and every project contributes to welfare of comapny, the organization will improve and have good customers
experiences.

How do project managers determine if a project is a risk?

All projects have risk at certain time and the role of managers is to identify the risks and give proper plans to
avoid such kind risks.If the risk is not identified early then the project may have high risk to failure. The main problem
faced by the project managers today is they dont have proper list of risks that could be occured in a project.
Project risk management includes the following in order to avoid the risk at early stages.
A) conduct risk management planning
B) identification
c) analysis
D) response planning
E) controlling risk

By following these steps one can reduce the risk to some extent.

public sector vs private sector:

The following are the major project differences in public and private sectors

1) The public sector has a few measures of progress and success rates when comapred to private sector. In private sector
the projects have clear goals and vision and have clear cut measure for profit.

2)Projects come toi private sector are mainly market-driven when comapred to public sector.Public sector is monopoly when comapred to private

3)private sectors managers worry about products which needs to be sold competitively in market. So the design of the
product also should be very attractive.

4)authority and responsibility in public sector is asymmetric but it i balanced in private sector