Project Planning For Enterprise Development
Businesses don’t plan to fail, they just fail to plan   –  Old Business adage
CONTENTS <ul><li>Introduction </li></ul><ul><li>Estimating Time Accurately </li></ul><ul><li>Scheduling Simple Project </l...
Project planning lays the foundation for your project management success Quality project planning enables project managers...
Planning is the process of setting objectives and determining actions to reach them It is the first step in performing a s...
How Planning Relates to other Managerial functions 1. Planning 2. Organising 3. Staffing 4. Leading 5. Controlling
Estimating Time Accurately <ul><li>Accurate time estimation is a skill essential to good project management. It is importa...
Always Give Allowance to: <ul><li>Other high urgency tasks to be carried out which will have priority over this one  </li>...
Scheduling Simple Project <ul><li>Simple projects involve only one or a few people over a short time.  </li></ul><ul><li>T...
Gantt Chart <ul><li>Help you to plan out the tasks that need to be completed  </li></ul><ul><li>Give you a basis for sched...
A Gantt Chart
Critical Path Analysis <ul><li>As with Gantt Chart, Critical Path Analysis (CPA) helps you to plan all tasks that must be ...
Critical Path Analysis <ul><li>Advantage </li></ul><ul><li>The benefit of using CPA over Gantt Charts is that Critical Pat...
Sensitivity Analysis <ul><li>A sensitivity analysis is the process of varying model input parameters over a reasonable ran...
Sensitivity Analysis
Scenario Analysis <ul><li>A scenario is a sequence of events.  </li></ul><ul><li>A Project or a businesses can be viewed a...
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Lecture8b.ppt

  1. 1. Project Planning For Enterprise Development
  2. 2. Businesses don’t plan to fail, they just fail to plan – Old Business adage
  3. 3. CONTENTS <ul><li>Introduction </li></ul><ul><li>Estimating Time Accurately </li></ul><ul><li>Scheduling Simple Project </li></ul><ul><li>Gantt Chart </li></ul><ul><li>Critical Path Analysis </li></ul><ul><li>Sensitivity Analysis </li></ul><ul><li>Scenario Analysis </li></ul>
  4. 4. Project planning lays the foundation for your project management success Quality project planning enables project managers to derive useful information for making decisions to achieve safety, time and budget goals
  5. 5. Planning is the process of setting objectives and determining actions to reach them It is the first step in performing a series of managerial functions for it sets the future course of action for all aspects of the business.
  6. 6. How Planning Relates to other Managerial functions 1. Planning 2. Organising 3. Staffing 4. Leading 5. Controlling
  7. 7. Estimating Time Accurately <ul><li>Accurate time estimation is a skill essential to good project management. It is important to get time estimates right for two main reasons: </li></ul><ul><li>1.Time estimates drive the setting of deadlines for delivery of projects, and hence peoples' assessments of your reliability </li></ul><ul><li>2 They often determine the pricing of contracts and hence their profitability . </li></ul>
  8. 8. Always Give Allowance to: <ul><li>Other high urgency tasks to be carried out which will have priority over this one </li></ul><ul><li>Accidents and emergencies </li></ul><ul><li>Internal meetings </li></ul><ul><li>Holidays and sickness in essential staff </li></ul><ul><li>Contact with other customers, perhaps to arrange the next job </li></ul><ul><li>Breakdowns in equipment </li></ul><ul><li>Missed deliveries by suppliers </li></ul><ul><li>Interruptions </li></ul><ul><li>Quality control rejections </li></ul>These factors may lengthen the time quite significantly
  9. 9. Scheduling Simple Project <ul><li>Simple projects involve only one or a few people over a short time. </li></ul><ul><li>Typically, simple projects will have few tasks dependent on other tasks, and will be relatively simple and easy to coordinate. </li></ul><ul><li>Examples might be coordinating delivery of resources for a workshop session, implementing a small marketing plan, or delivering a simple software enhancement.  </li></ul><ul><li>With simple projects, tools like Gantt Charts and Critical Path Diagrams may overcomplicate project scheduling and communication. </li></ul>Appropriate Timetables and Action Plan are often sufficient to coordinate and implement simple projects
  10. 10. Gantt Chart <ul><li>Help you to plan out the tasks that need to be completed </li></ul><ul><li>Give you a basis for scheduling when these tasks will be carries out </li></ul><ul><li>Allow you to plan the allocation of resources needed to complete the project, and </li></ul><ul><li>Help you to work out the critical path for a project where you must complete it by a particular date. </li></ul><ul><li>When a project is under way, Gantt charts help you to monitor whether the project is on schedule. If it is not, it allows you to pinpoint the remedial action necessary to put it back on schedule. </li></ul>Gantt Charts are useful tools for analyzing and planning more complex projects. They:
  11. 11. A Gantt Chart
  12. 12. Critical Path Analysis <ul><li>As with Gantt Chart, Critical Path Analysis (CPA) helps you to plan all tasks that must be completed as part of a project. </li></ul><ul><li>They act as the basis both for preparation of a schedule, and of resource planning. </li></ul><ul><li>During management of a project, they allow you to monitor achievement of project goals. </li></ul><ul><li>They help you to see where remedial action needs to be taken to get a project back on course. </li></ul>
  13. 13. Critical Path Analysis <ul><li>Advantage </li></ul><ul><li>The benefit of using CPA over Gantt Charts is that Critical Path Analysis formally identifies tasks which must be completed on time for the whole project to be completed on time, </li></ul><ul><li>It identifies which tasks can be delayed for a while if resource needs to be reallocated to catch up on missed tasks. </li></ul><ul><li>Disadvantage </li></ul><ul><li>The disadvantage of CPA is that the relation of tasks to time is not as immediately obvious as with Gantt Charts. This can make them more difficult to understand for someone who is not familiar with the technique. </li></ul>
  14. 14. Sensitivity Analysis <ul><li>A sensitivity analysis is the process of varying model input parameters over a reasonable range and observing the relative change in model response </li></ul><ul><li>The most common items for which sensitivity analysis is done are: </li></ul><ul><li>Sales </li></ul><ul><li>Cost of goods sold and gross profit </li></ul><ul><li>Operating expenses </li></ul><ul><li>Interest rates </li></ul><ul><li>etc </li></ul>
  15. 15. Sensitivity Analysis
  16. 16. Scenario Analysis <ul><li>A scenario is a sequence of events. </li></ul><ul><li>A Project or a businesses can be viewed as sequences of events. </li></ul><ul><li>These sequences interact with each other. </li></ul><ul><li>What makes the world look frighteningly complex is that there are endless numbers of possible scenarios in even the simplest systems. </li></ul><ul><li>In scenario analysis we change a set of parameters in one go and observe the response of the system </li></ul>
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