Define Globalization, out sourcing and virtual teams and describe how these trends are changing IT project management.
Although Globalization is a widely used term that can be defined in a number of different ways, it basically, with Information Technology as a key enabler, allows the entire word to connect in real time facilitating the flow of goods, capital, services, labor, etc. Outsourcing is when an organization acquires goods and/or services from an outside source. Globalization has allowed organizations to become more competitive by outsourcing to cut costs. This is especially true in the IT world where virtual teams around the world are now able to work on projects 24hrs per day, 7 days per week, due to faster communication which makes it easier to build trust among teams and enables easy implementation of common work practices and tools around the globe. A virtual team is a group of individuals who work across time, space and organizational boundaries with links strengthened by webs of communication technology. Increased outsourcing have increased the need for virtual teams. Such teams are used more and more by IT companies and other organizations to cut travel, relocation, real estate, and other business costs. This is particularly so for businesses that use virtual organizations to build global presence, outsource their operations, or need less common expertise or skills from people who are reluctant to travel or relocate from their home locations. Research suggests that team processes, trust/relationships, leadership style, and team member selection provide the strongest relationships to team performance and team member satisfaction which are very important if the project is to succeed.
What are the phases in a traditional project life cycle? How does a project life cycle differ from a product life cycle? Why does a project manager need to understand both?
Define Globalization, out sourcing and virtual teams and describe how these trends are changing IT project management.
ReplyDeleteAlthough Globalization is a widely used term that can be defined in a number of different ways, it basically, with Information Technology as a key enabler, allows the entire word to connect in real time facilitating the flow of goods, capital, services, labor, etc.
Outsourcing is when an organization acquires goods and/or services from an outside source. Globalization has allowed organizations to become more competitive by outsourcing to cut costs. This is especially true in the IT world where virtual teams around the world are now able to work on projects 24hrs per day, 7 days per week, due to faster communication which makes it easier to build trust among teams and enables easy implementation of common work practices and tools around the globe.
A virtual team is a group of individuals who work across time, space and organizational boundaries with links strengthened by webs of communication technology. Increased outsourcing have increased the need for virtual teams. Such teams are used more and more by IT companies and other organizations to cut travel, relocation, real estate, and other business costs. This is particularly so for businesses that use virtual organizations to build global presence, outsource their operations, or need less common expertise or skills from people who are reluctant to travel or relocate from their home locations.
Research suggests that team processes, trust/relationships, leadership style, and team member selection provide the strongest relationships to team performance and team member satisfaction which are very important if the project is to succeed.
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ReplyDeleteWhat are the phases in a traditional project life cycle? How does a project life cycle differ from a product life cycle? Why does a project manager need to understand both?