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Why project management is not successfully applied in Investment Frontiers

Thesis (MBA)--Stellenbosch University, 2001. / ENGLISH ABSTRACT: Investment Frontiers is a business unit of Old Mutual South Africa, which launches
new products. These launches are carried out as projects. A major problem is that
it is always difficult to launch new products in the scheduled time and the projects
usually go over budget. Investment Frontiers thinks that project management is not
being applied successfully in the business. The research was done to provide an
answer as to why project management is not being applied successfully.
A literature study was done on the different elements of project management. This
study led to the construction of a questionnaire to test if employees applied the
process correctly or at all. The questionnaire was sent to 23 people being all the
employees directly involved in projects.
The following three problems or shortcomings were identified from the response to
the questionnaire:
1. Scope creep, where the scope of the project changes constantly
2. Lack of project scheduling
3. Lack of training in and knowledge of project management in the business
The recommendations made were to pay more attention to the scope document, to
develop simplified project scheduling techniques for in-house use, and to
implement more project manager training programmes.
Although there were some shortcomings in the research, the result of the research
was positive in the sense that development areas were identified and constructive
actions can be taken to address the problem areas. / AFRIKAANSE OPSOMMING: Investment Frontiers is 'n afdeling van Ou Mutual Suid-Afrika wat nuwe produkte
loods in die vorm van projekte. 'n Groot probleem wat ondervind word, is dat dit
altyd moeilik is om nuwe produkte binne die geskeduleerde tyd geloods te kry, en
dat die projekte gewoonlik die begroting oorskry. Investment Frontiers vermoed
dat projekbestuur nie suksesvol toegepas word nie. Hierdie studie is gedoen om
antwoorde te verskaf hoekom projekbestuur nie suksesvol toegepas word nie.
'n Literatuurstudie is gedoen met betrekking tot die hoofelemente van
projekbestuur. Hierdie literatuurstudie het die basis gevorm vir die opstel van 'n
vraelys om te toets tot hoe 'n mate die proses korrek of hoegenaamd toegepas
word. Die vraelys is aan 23 persone gestuur. Dit verteenwoordig almal wat direk
met projekte, binne die besigheidseenheid, betrokke is.
Die volgende 3 probleme of tekortkominge is op grond van die vraelys
geïdentiftseer:
1. "Scope creep", waar die werksomvang van die projek gereeld verander
2. Onvoldoende gebruik van projekskedulering
3. Onvoldoende opleiding met betrekking tot projekbestuur in die
besigheidseenheid
Die voorstelle wat gemaak is, is dat daar meer tyd aan die werkomvangsdokument
spandeer moet word, eenvoudige projekskedule-tegnieke ontwikkel moet word vir
binnenshuise gebruik en om verdere opleidingsprogramme vir projekbestuursders te
implementeer.
Alhoewel daar sommige tekortkominge in die navorsing is, is die uitkoms van die
navorsing positief in die sin dat ontwikkelingsareas geïdentifiseer is en
konstruktiewe aksies geneem kan word om die probleme te hanteer.

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/52613
Date12 1900
CreatorsLabuschagne, Hermann
ContributorsMorrison, J. M., Stellenbosch University. Faculty of Economic & Management Sciences . Graduate School of Business.
PublisherStellenbosch : Stellenbosch University
Source SetsSouth African National ETD Portal
Languageen_ZA
Detected LanguageUnknown
TypeThesis
Format50 p.
RightsStellenbosch University

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