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Welcome to the February 2014 Edition of the PM World Journal

David Pells,

Managing Editor 

Addison, Texas, USA
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Welcome to the February 2014 edition of the PM World Journal (PMWJ). This month’s edition again contains a wide range of contents from around the world, with 35 articles, papers, reports and book reviews by 39 different authors in 18 different countries.  An additional 30+ news articles about projects and project management around the world are included. More than 30 countries are again represented by authors or subjects this month.

Invitation to Share Knowledge

We invite you to share your knowledge and experience related to program, project and portfolio management.  We publish a wide variety of articles and papers, case studies and reports, book reviews and news stories.  Share knowledge and gain visibility for you or your organization; publish an article, paper or story in the PMWJ.  See our Call for Papers in the news section of the PMWJ this month; if interested in submitting something for publication, check out the Author Guidelines on www.pmworldjournal.net, then contact me at [email protected].

This month in the Journal

We begin with a Letter to the Editor this month, from Drew Davison in Canada in response to both the Advisory article in the December PMWJ on the subject of stakeholder management and Patrick Weaver’s Letter to the Editor last month on the same topic. Join the debate.  If you have a reaction to something you read in this publication, share it with the world in an old fashioned letter to the editor – but send it by email please.

Our Featured Interview this month is with Bob Youker entitled “Why Project Management for Consultants?” This is a reprint of his 1980 interview with International Consulting News.  Read this piece for some interesting history and still relevant comments about PM in the consulting business.

6 authors in 5 different countries have contributed Featured Papers this month.  Onyinyechi Okegugwu and Enoch Omajeh in Nigeria have authored “The Halo and Devil Affects: Impediments to Project Delivery.”  Bob Prieto in New Jersey, USA is back with another paper titled “Perspectives on the Cost of Delayed Decision Making in Large Project Execution.”  Andy Cuthbert in Houston has provided another paper on an important and often overlooked aspect of project management in “A Well-Oiled Machine.”  Ashwan Kharola in India has shared another paper on fuzzy logic, this one titled “A Fuzzy Risk Assessment Model (FRAM) for Risk Management (RM).”  And Lita Liliana in Jakarta Indonesia has authored a very good paper entitled “Using Analytical Hierarchy Process to Determine Appropriate Minimum Attractive Rate of Return for Oil and Gas Projects in Indonesia.” Our Featured Papers are all serious contributions to the P/PM literature, so although they may sometimes be long and/or somewhat academic in nature, please consider reading them.  Increase your knowledge!

More…

To read entire paper (click here)

About the Author

flag-usadavid-pellsDAVID PELLS 

Managing Editor, PMWJ

David L. Pells is Managing Editor of the PM World Journal, a global eJournal for program and project management, and Executive Director of the PM World Library. David is an internationally recognized leader in the field of professional project management with more than 35 years of experience on a variety of programs and projects, including energy, engineering, construction, defense, transit, high technology and nuclear security, and project sizes ranging from several thousand to ten billion dollars. He has been an active professional leader in the United States since the 1980s, serving on the board of directors of the Project Management Institute (PMI®) twice.  He was founder and chair of the Global Project Management Forum (1995-2000), an annual meeting of leaders of PM associations from around the world. David was awarded PMI’s Person of the Year award in 1998 and Fellow Award, PMI’s highest honor, in 1999. He is also an Honorary Fellow of the Association for Project Management (APM) in the UK; Project Management Associates (PMA – India); and Russian Project Management Association SOVNET.  From June 2006 until March 2012, he was the managing editor of the globally acclaimed PM World Today eJournal.  He occasionally provides high level advisory support for major programs and global organizations.  David has published widely, spoken at conferences and events worldwide, and can be contacted at [email protected].

For more, visit www.pmworldjournal.net and www.pmworldlibrary.net.