Workforce Asset Management Book of Knowledge

CHAPTER SEVENTEEN

Project Management for Workforce Asset Management Implementation1

IN THIS CHAPTER, THE LEADING practices and effective methods of general project management are examined and discussed in relation to workforce management (WFM) projects. Formal project management methodology emphasizes the basics of planning, organization, leading, and controlling. When project managers follow these basic techniques as a consistent structured approach, they should experience better project efforts and expect improved project results. The attributes and skills of a project manager can be applied to many business professionals, including Workforce Asset Management Professionals (WAM-Pros). Learning formal project management should improve the WAM-Pros' ability to manage time, cost, quality, risk, and outcomes.

Learning Objectives

By the end of Chapter 17, you should be able to:

• Understand what formal project management can teach WAM-Pros.
• Determine leading practices from tested project management methodologies.
• Integrate the general concepts and methodologies of project management into the highly specified areas and projects concerning Workforce Asset Management (WAM).

17.1 INTRODUCTION TO PROJECT MANAGEMENT

Formal project management is comprised of many business and technical philosophies and methodologies assembled from leading business practices, tested approaches, and existing business areas like accounting, finance, human resources, operations, purchasing, and information ...