GOVERNANCE OF PROJECT MANAGEMENT

Governance of Project Management

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ACKNOWLEDGEMENT

No words can express my appreciation and gratitude to my research advisor _______ through the course of this research, Professor _____has taught me numerous values that extend well beyond the realm of _________ (Your Subject Name). His emphasis on dedication to work and his valuable and practical insights of life are some of the major highlights of my education at The University _________. To Professor _____, I say with great respect, thank you very much.

It is a great honour for me to have Professor _______ on my dissertation committee. His insightful suggestions and comments are a major asset to this research. I learned so much from Professor ______, and I will always remember him as a truly superb teacher. To Professor _____, I am greatly indebted.

I would like to thank Professor ______ for his contribution to this research. Professor _____ has provided me with essential input and guidance as an outside member of my committee. His remarks and suggestions are greatly appreciated.

I would like to thank _____________ for the support they had provided me throughout the research project.

I would like to thank _____________ for their support and help in this research.

DECLARATION

I [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for the academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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Chapter One: Introduction

Introduction

The word 'project' has been taken from the word of Latin origin, which is meant 'to combine and hybrid' (Stretton, 2007, 18). In portfolio management, a discipline that is practiced in the midst of planning, organizing, leading and controlling the effects on financial decisions on the entity's resources and create succession and achievement of project-specific goals and objectives (Bhagwati, 2002,, 50).

Research Background

Projects date back from as historical as the building of the Pyramids in Egypt to as technological and hi-tech as the HSB Hong Kong headquarters, or simply from an individual objective to a global millennium development goal for the entire world to make efforts in its' contribution (Shenhar & Dvir, 2007, 78). The introduction and establishment of Association for Project Management, which was nailed in 1992 and is based in the United Kingdom, intended for the endorsement of managing projects, thereby working on benchmark terms and procedures across a gamut of entities and firms. Very recently, construction industry, IT companies, pharmaceutical and financial firms has donated to escalate the name of project management (Qureshi, 2009, 379). For qualitative researchers, project management (PM) is presumably used to conjoin tasks such as budgeting, hiring research associates, finding appropriate certifications and approvals, collecting and analyzing data, intending reports to agencies and finally making presentations and printing publications respectively (Bhagwati, 2002,, 50).

Typically when discussing project management, several benefits and demerits are presented in terms of facts and flaws if occurring in the normal setting. The benefits ...