An Empirical Study in Project Management Framework With New Strategic Approach For Indian IT Industry

An Empirical Study in Project management framework
with New Strategic approach for Indian IT Industry

Introduction:
IT project management is complicated by the shifting business needs and demanding
stakeholders of traditional organizations. In the modern workplace, it is imperative that
technology works both effectively and reliably. People tend to use the term Information
Technology or IT to refer to an entire industry. More precisely, Information Technology (IT)
is the use of computers and software to manage information. Different companies refer to this
corporate function as Management Information Services or simply as Information Services.
The main growth catalyst for the IT industry is expected to be the evolution of technology
and the business effort to absorb and integrate this technology to enhance productivity and
expand market opportunities. Today, spending on these IT technologies is growing at about
18% per year and is expected to account for at least 80% of IT spending growth between now
and 2020.
Research Objectives
1) To study role of strategy in project management.
The goal of research is to enhance understanding of the relationship between strategy and
project management, project success and to verify assertion that higher strategic extent in
project management provides higher benefit realization.
2) To propose framework by integrating Strategy with Project Management discipline
to ensure Strategic and operational excellence.
Scope of the Research In scope: Researcher has primarily focused and limited its scope to
IT industry which provides services to various other sectors across various industry
segments.
Literature Review
The literature for this study will carried out from two main sources. The first source is the
industry study and surveys. The second source consisted of academic and research articles
published on this subject in various journals.
Problem Statement:
Research problem is focus on drawing the findings based on it are as follows:
IT companies look at Project Management field is considered only operations rather

than discipline of implementing Strategic in which Strategy, tactical and Operational
level decision making is involved.
Project Management Office do not effectively contribute to projects, which are getting
executed in various phases of SDLC to provide much needed expertise/support, which
can make PMO a catalyst for driving projects to success.
Less benefits realization carried out by customer in qualitative and quantitative terms
are not know to team.
Lake of Intrapreneurship culture lacking in IT Industry.
Research Methodology
The literature reviewed earlier identifies outsourcing i.e., IT as a new form of work
organization. It has been found that outsourcing has become a critical agenda for many
multinationals in this era of globalization. The development and widespread availability of
internet and telecommunication brought about drastic changes to the way business is
conducted. Today, most major organizations are opting to outsource both functions and
processes to improve their business efficiency and reduce the cost. At present, the companies
can produce their products or extend their services from anywhere using resources from
anywhere. Factors like lower costs, improved productivity, higher quality, higher customer
satisfaction, time to market, and ability to focus on core areas are some of the benefits of
outsourcing.
The study of IT management practices in various industry segments is not new to academia,
however the present day socio-economic factors and role of IT management in building and
retaining the competitive advantage of the organization in the ITs industry brings the
understanding and identification of these processes and practices to the forefront. The present
study was a systematic exploratory study of the human resource practices in the IT industry in
India. It explored the various processes and practices followed in the Indian IT organizations.
While the findings from this research maybe of significance for the Indian IT organizations
and the researcher, any singular study provides but one step along the evolutionary path of
theory and practice in a given field. Given below are some suggestions for future research.
Reference:
1. Cooper, Martha C., Douglas M. Lambert, and Janus D. Pagh. "Supply chain
management: more than a new name for logistics." The international journal of
logistics management 8.1 (1997): 1-14.
2. Soni, Gunjan, and Rambabu Kodali. "The strategic fit between competitive strategy
and supply chain strategy in Indian manufacturing industry: an empirical approach."
Measuring business excellence 15.2 (2011): 70-89.

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An Empirical Study in Project management framework

with New Strategic approach for Indian IT Industry

IT companies look at Project Management field is considered only operations rather

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