The Handbook of Integrated Business and Project Management, Volume 1

The Handbook of Integrated Business and Project Management (IBPM) aims to achieve a paradigm shift in the current precepts and models applied to planning and management of projects and programs. It presents a body of knowledge that effectively restructures the approach to project and program management, with particular focus on the strategic phases, and redefinition of objectives, including integration of business and project management functions within an extended project life cycle architecture. The IBPM model presents a new perspective and comprises the following:•A set of objectives that transcend the traditional project management objectives, with focus on the subject project's end value and its fitness for purpose, its environmental sustainability and performance, as well as the benefits flowing to its broader stakeholders; •An integrated project lifecycle architecture, embodying both the front-end business and strategic phases and the implementation phases; and•A set of (17) functions (characterised by 69 indicators) to plan and deliver projects from creation to definition, design, planning, execution, commissioning and start-up in a holistic manner.Based on the realities of projects on the ground there is an urgent need for re-examining the foundation concepts of project and program management. In particular, there is an urgent need to shift the focus to the business and strategic phases of projects, integrate and manage both downstream and upstream phases, and deliver solutions that are fit for purpose, and meet the respective business and strategic objectives. This book provides a framework and the associated body of knowledge to facilitate the holistic planning and management of projects and programs of significant size, including infrastructure and industrial projects. Volume 1 addresses the fundamental concepts, structure and methodologies that underpin the integrated business and project management model. It describes the overall approach and its philosophical underpinnings, as well as the framework and life cycle phases of projects and programs of significant size. Volume 1 also describes the method of approach to each of the project life cycle phases, including functional integration of the deliverables at each phase.