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Analysis of ISO 21500 and Its Comparison with PMBoK® Guide

PMI PMJ A Model of Project Knowledge Management

Project families

Knowledge Oriented Project Management

Critical View at PMI Standards

Unified Portfolio Management Model

UPMM and Primavera

 

Every project-performing organization needs a consistent approach to project evaluation. Such an approach should reflect genealogical dependencies between projects. The costs of the investment projects that enabled the execution of a given project, as well as income expected from operational projects as a consequence of their execution, must be components of a consistent project evaluation model. In order to handle such dependencies, two concepts are introduced: the ancestor / descendant project relationship and a set of projects defined by this relationship called project family. On the basis of these concepts, components of financial evaluation of a project – costs, income and savings – are divided into inherited, direct and expected. A model covering all these components of project evaluation, named Unified Project Evaluation Model, is presented. The concept of project families may be utilized for purposes other than those of financial analysis, like tracing the diffusion of innovation in an organization.

 

Read full paper on project families, originally presented at 2008 IPMA World Congress, Rome, Italy (PDF).

 

View presentation on project families (PDF)