Role of project management methodologies in achieving project success and business value creation in financial services IT provides
Title
Role of project management methodologies in achieving project success and business value creation in financial services IT provides
Subject
Management
Description
Increasingly, project-based organizations, have been implementing
project management methodology for specific projects based on the dynamic environment. Financial services face challenges in the form of unstable market conditions, economies and technology, strict controls, and higher stress to meet customer demands and maximize profits. They are compelled to provide services that are tailored to changing customer interests as a result of technological innovations and developments. Financial services especially information technology-based businesses find it difficult to sustain considering the dynamic behavior of the market in terms of efficiency and controlling the cost based on market changes. Moreover, financial services are also constrained to manage stakeholders while maintaining flexibility and responsive processes and focusing on technological advancement to improve success in projects. Many IT initiatives fail to provide the desired outcomes as per the project budgets, project types, and project contexts. Some are also unable to deliver business value to the customers due to the adoption of an unsuitable project management methodology. Regardless of the wide variety of choices, project managers often fail to decide on available alternatives. Project managers tend to tailor projects based on criteria that may not be associated with the overall project objectives rationally. The goal of this research work is to assess the role of hybrid and agile project management approaches in achieving success and creating business value considering project contexts for financial services IT projects.
project management methodology for specific projects based on the dynamic environment. Financial services face challenges in the form of unstable market conditions, economies and technology, strict controls, and higher stress to meet customer demands and maximize profits. They are compelled to provide services that are tailored to changing customer interests as a result of technological innovations and developments. Financial services especially information technology-based businesses find it difficult to sustain considering the dynamic behavior of the market in terms of efficiency and controlling the cost based on market changes. Moreover, financial services are also constrained to manage stakeholders while maintaining flexibility and responsive processes and focusing on technological advancement to improve success in projects. Many IT initiatives fail to provide the desired outcomes as per the project budgets, project types, and project contexts. Some are also unable to deliver business value to the customers due to the adoption of an unsuitable project management methodology. Regardless of the wide variety of choices, project managers often fail to decide on available alternatives. Project managers tend to tailor projects based on criteria that may not be associated with the overall project objectives rationally. The goal of this research work is to assess the role of hybrid and agile project management approaches in achieving success and creating business value considering project contexts for financial services IT projects.
Creator
Tiwari, Pankaj - 1720081
Publisher
CHRIST (Deemed to be University)
Language
English
Type
PhD
Collection
Citation
Tiwari, Pankaj - 1720081, “Role of project management methodologies in achieving project success and business value creation in financial services IT provides,” CHRIST (Deemed To Be University) Institutional Repository, accessed December 22, 2024, https://archives.christuniversity.in/items/show/1768.