Project Management Assurance

29 Pages Posted: 20 Jun 2014

See all articles by Deepak Khazanchi

Deepak Khazanchi

University of Nebraska at Omaha

Dawn Owens

University of Nebraska at Omaha

Date Written: April 15, 2010

Abstract

CIOs are increasingly held responsible for generating a positive return on IT project investment. As a result, there is great interest for devising ways to assure successful project outcomes. By assessing the project throughout its lifecycle there is an increased chance of achieving success because potential risks can be identified and addressed before it is too late. In this paper, we introduce and describe the idea of project management assurance (PMA). We define project management assurance (PMA) as a set of assurance activities that are integrated with the IT (information technology) project management lifecycle. An internal group, independent of the project team, performs the assurance activities, which includes continual review of control mechanisms to assure adherence to standards, best practices and procedures. The objective of the PMA process is to assure project success by reducing risk, continuously assessing internal project controls, and improving overall project quality while conforming to the stated schedule and budget requirements.

Keywords: project management assurance, assurance, risk management

Suggested Citation

Khazanchi, Deepak and Owens, Dawn, Project Management Assurance (April 15, 2010). Available at SSRN: https://ssrn.com/abstract=2456371 or http://dx.doi.org/10.2139/ssrn.2456371

Deepak Khazanchi (Contact Author)

University of Nebraska at Omaha ( email )

College of Information Science & Technology
The Peter Kiewit Institute, PKI 174G
Omaha, NE 68182
United States
+1402554-2029 (Phone)

HOME PAGE: http://dkhazanchi.com

Dawn Owens

University of Nebraska at Omaha ( email )

60001 Dodge Street
PKI 172, Omaha, NE 68182
United States

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