
5
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Academic History of Planning
Project—a planned undertaking.
Concise Oxford Dictionary (1999)
THE STUDY OF PROJECT PLANNING
Traditional wisdom is that planning and analysis are important; the better
the planning in a project, the more successful the project will be. Research
as well as the experience of project and program managers has conrmed
the importance of planning and that time spent on planning activities
will reduce risk and increase project success. On the other hand, it is also
thought that inadequate analysis and planning will lead to a failed project.
If poor planning has led to failed projects, then perhaps trillions of dollars