Project Management

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PROJECT MANAGEMENT INSTITUTE:

ANALYSIS ON THE ROLE OF STANDARDIZED PROJECT
MANAGEMENT ON PROJECT PERFORMANCE

STRATEGIC STANDARDIZATION
CMGT 564

Summer 2008
Research Paper
Faisal S Aldhfayan

Table of contents
Introduction.................................................................................................................................... 1 Background of Project Management Standard .............................................................................. 2 Literature Review........................................................................................................................... 6 A Standardized Project management approach ............................................................................. 9 Conclusion ................................................................................................................................... 18 References.................................................................................................................................... 20

ABSTRACT
This paper attempts to examine the relationship between the standardized project management and the project performance. Standardized project management is defined as a standardized set of project management practices. The history of project management standard development is reviewed as well as introduction of the development organization Project Management Institute. With thorough synthesis of existing literature on standardized project management practices as well as their relationship with project success, this paper proposes a theoretical framework in development of a project management approach which includes three layers: perception layer, institution layer, and implementation layer.

INTRODUCTION
The information era has posed more and more challenges to modern organizations during the past decades. The fast-changing market demands, technological innovation, and internal organizational working environment change the way people work and live. Opportunities and challenges become the two major themes for most organizations in the 21st century. Project management has evolved together with the above mentioned changes in the world, and project managers develop themselves into an independent profession as other professionals such as Certified Financial Analysts (CFAs) and Certified Public Accountants (CPAs). Project performance is the key indicator for assessment of the competency of any professional in the project management profession. This paper attempts to address a very important aspect of the project management—standardized project management.

Different from most technological standardization such as IT standardization, there is no such a written document such as Internet PROTOCOL that can be referenced by project managers. Despite the great contribution from the project management standard setting body Project Management Institution in the Untied States, there is still plenty of work to be done towards an unanimously agreed upon standard that can be easily sold to every corner of the earth. This study aims at making up this deficiency in the literature by synthesizing the existing studies and proposing a comprehensive project management framework. The rest of this paper is organized as follows: section 2 illustrates the background of project management standard as well as a brief introduction of Project Management Institution; the current literature on standardized project management is reviewed in section 3; section 4 identifies factors contributing to standardized project management and proposes a three-layer framework for development of standardized project management; section 5 concludes the paper.

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BACKGROUND OF PROJECT MANAGEMENT STANDARD
Standard is the term used frequently in the context of technological implementations or industrial practices. Simply put, it refers to an established norm or requirement (see definition in Wikipedia Encyclopedia)....
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