1st Edition

Managing Business Projects The Essentials

By Frank Einhorn Copyright 2023
    516 Pages 66 B/W Illustrations
    by Auerbach Publications

    516 Pages 66 B/W Illustrations
    by Auerbach Publications

    516 Pages 66 B/W Illustrations
    by Auerbach Publications

    Managing Business Projects: The Essentials differs from many other project management textbooks. Foremost, it is about business projects as opposed to construction or engineering projects. Although many techniques, like schedule management, apply to both, they are usually applied differently. As its title conveys, the book explains the essential techniques and perspectives needed for business projects to be successful. The focus is on small- and medium-sized projects, up to $20 million, but often below $1 million. Some literature favors large and mega-projects, but for every mega-project, there are many thousands of smaller projects that are vital to the organization and could involve considerable complexity and risk. Nevertheless, the techniques outlined here also apply to mega-projects and their many subprojects; they even apply to some aspects of construction or engineering projects.

    This book does not aim to cover all project management techniques. In real life there is simply no time for sophisticated ‘should-dos.' Rather, it covers the essentials that apply to almost all business projects; these are unlikely to change in the future even as technology and methodologies advance. The driving idea, which is stated repeatedly, is to do the essentials and to do them consistently and well.

    Strong emphasis is placed on things that happen before, around, and after the project itself. So, while the basic disciplines like engaging with stakeholders, managing scope, schedules, costs, risks, issues, changes, and communication, are thoroughly explained, other important aspects are covered. These include: governance of a project and of a portfolio of projects, project selection with its financial and non-financial aspects, effective use of the business case through to benefits realization, procurement, outsourcing and partnership, and also the agile mindset that is valuable beyond Agile projects.

    Besides project managers and sponsors, this book is intended for people who are working in business or government, at any level, or for MBA students. It offers perspectives that enable them to learn more from their everyday experience. It is not aimed at undergraduate students, although many would benefit from the contents.

    Part 1. Overview of the Book and of Business Project Management
    1. Introduction to the Book
    2. Business Projects and Their Management
    3. Methodology from Unusual Angles
    4. The Business Project Environment

    Part 2. Core Elements of Business Project Management
    5. Engaging with Stakeholders
    6. Project Definition
    7. Scope Definition
    8. Project Estimating
    9. Project Scheduling
    10. Managing Project Quality
    11. Managing Project Risk
    12. Progress and Cost Tracking
    13. Project Teams and Organization
    14. Managing Project Issues
    15. Project Change Control
    16. Project Monitoring, Control, and Communication
    17. Governance of a Project
    18. Closing the Project

    Part 3. Special Topics Related to Business Project Management
    19. Governance for a Portfolio of Projects
    20. The Business Case End-To-End
    21. Project Selection – Financial and Non-Financial Criteria
    22. Project Procurement, Outsourcing, and Partnership
    23. OCM – Organizational Change Management
    24. Contracts for Business Projects
    25. Project Review
    26. Ethical Conduct and Adherence to Legislation
    27. Project Negotiation
    28. Managing International Projects
    29. Dealing with Some Realities in Business Projects
    30. Agile Approaches
    31. Digital Tools for Project Management
    32. Trends: The Future of Business Project Management

    Part4. Wrap Up of the Book and Study Materials
    33. Wrap Up and How to Achieve Success
    34. Study Guide
    35. Quizzes and Answers
    36. Cases to Support Your Learning
    37. Answers for Cases

    Appendix 1: Glossary of Terms and Acronyms
    Appendix 2: Scheduling Theory: Precedence Diagrams
    Appendix 3: Two Useful Templates


    Frank Einhorn has specialized in project management since 1992, with a focus on business projects enabled by IT. He graduated with a BSc Honours in Electrical Engineering, and after gaining several years of engineering experience overseas, returned to do an MBA at the University of Cape Town, South Africa. Then followed a career with IBM involving IT consulting, architecting IT solutions, systems engineering management, account and sales management, HR management, and finally project management. He worked with customers in many industries, but mainly banking, insurance, mining, and public sector utilities. Frank became a PMP (Project Management Professional) in 1995. From 2003 he did freelance project management and consulting. Besides the PMI standards, he is familiar with PRINCE2 and the methodologies used in IBM and several of its customers. Since 2010 Frank has also been a sessional lecturer at Wits University Business School, and currently convenes their executive education programmes in project management. In 2018, he completed a PhD at the University of Johannesburg focused on the effective use of business cases.