Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Chap 4.1- Develop Project Charter

705 views

Published on

Youtube video - https://youtu.be/t3SDco3qVcM

PMBOK 6th edition updated slides by process:
https://www.slideshare.net/anandbobade/chap-40-project-integration-management-overview
https://www.slideshare.net/anandbobade/chap-41-develop-project-charter
https://www.slideshare.net/anandbobade/chap-42-develop-project-management-plan
https://www.slideshare.net/anandbobade/chap-43-direct-and-manage-project-work
https://www.slideshare.net/anandbobade/pmp-chap44project-integration-management-manageknowledge
https://www.slideshare.net/anandbobade/chap-45-monitor-and-control-project-work
https://www.slideshare.net/anandbobade/chap-46-perform-integrated-change-control
https://www.slideshare.net/anandbobade/chap-47-project-or-phase-close

Published in: Education
  • Have u ever tried external professional writing services like ⇒ www.HelpWriting.net ⇐ ? I did and I am more than satisfied.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • I think you need a perfect and 100% unique academic essays papers have a look once this site i hope you will get valuable papers, ⇒ www.WritePaper.info ⇐
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Hello! I can recommend a site that has helped me. It's called ⇒ www.HelpWriting.net ⇐ They helped me for writing my quality research paper.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Hi there! I just wanted to share a list of sites that helped me a lot during my studies: .................................................................................................................................... www.EssayWrite.best - Write an essay .................................................................................................................................... www.LitReview.xyz - Summary of books .................................................................................................................................... www.Coursework.best - Online coursework .................................................................................................................................... www.Dissertations.me - proquest dissertations .................................................................................................................................... www.ReMovie.club - Movies reviews .................................................................................................................................... www.WebSlides.vip - Best powerpoint presentations .................................................................................................................................... www.WritePaper.info - Write a research paper .................................................................................................................................... www.EddyHelp.com - Homework help online .................................................................................................................................... www.MyResumeHelp.net - Professional resume writing service .................................................................................................................................. www.HelpWriting.net - Help with writing any papers ......................................................................................................................................... Save so as not to lose
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

Chap 4.1- Develop Project Charter

  1. 1. Trainer: Anand BobadePMBOK 6th Edition, 2019, All rights reserved. Develop Project Charter Chapter 5 – Project Integration Management PMP SIXTH EDITION
  2. 2. PMBOK 6 - All rights reserved; By: Anand Bobade Process definition Input, Tools & techniques, and outputs What is business Case? What is Benefits? What is Project charter? Review 4.1 Develop Project Charter
  3. 3. PMBOK 6 - All rights reserved; By: Anand Bobade Formally authorizes a existence of a project, & provide PM authority to apply organizational resources to project activities. Develop Project Charter Issued & signed by Project initiator or sponsor or External authority( Customer, Dept. head or PMO etc.) Authorizes a project. Provide PM authority. Authority to use organizations resources.
  4. 4. PMBOK 6 - All rights reserved; By: Anand Bobade Provides a direct link between the project and the strategic objectives of the organization PM should be assigned as early as possible, preferably, while Charter is defined. This process is performed once or at predefined points in the project. Project Charter Contains: Business Need High level requirements Summary Milestones Summary Budget High level risks Project Manager assignment Develop Project Charter
  5. 5. PMBOK 6 - All rights reserved; By: Anand Bobade Develop Project Charter->ITTO Expert Judgment Data Gathering Interpersonal and team skills Meetings Business Documents Agreements Enterprise environmental factors Organizational process assets Project charter Assumption log Inputs Tools & Techniques Outputs
  6. 6. PMBOK 6 - All rights reserved; By: Anand Bobade Business Documents Agreements EEF OPA Develop Project Charter -> Inputs
  7. 7. PMBOK 6 - All rights reserved; By: Anand Bobade Business Documents Business Documents: Develop Project Charter -> Input-> Business Documents Project manager needs to ensure that the project management approach captures the intent of business documents. Both are interdependent and iteratively developed and maintained throughout the project life cycle. Project Manager can not change these documents. Business Case Benefit Management plan
  8. 8. PMBOK 6 - All rights reserved; By: Anand Bobade Business Documents Interrelationship of Business Documents. Develop Project Charter -> Input-> Business Documents
  9. 9. PMBOK 6 - All rights reserved; By: Anand Bobade Business Documents Business Case •A documented economic feasibility study used to establish validity of the benefits of a selected project. Used as a basis for authorization of further project work. Describes information from a business standpoint to determine whether project is worth investment. Develop Project Charter ->Input ->Business Documents->Business Case Written by Project initiator Sponsor Stakeholder
  10. 10. PMBOK 6 - All rights reserved; By: Anand Bobade Business Documents Business Case contains: Business background Business Benefits Assumption & Constraints GAP analysis, Cost Benefit analysis Expected Cost, ROI Identify Business need Establishes feasibility Establishes business value & importance (Cost-benefit analysis) Develop Project Charter ->Input ->Business Documents->Business Case Decision Making /approval by Manager or Above
  11. 11. PMBOK 6 - All rights reserved; By: Anand Bobade Project Selection Approach: • Murder board (a panel of people who try to shoot down a new project idea) • Peer review , Scoring models , & Economic models Benefit measurement methods (Comparative approach) • Linear programming , Integer programming: Allocating limited resources in optimal way. • Dynamic programming, Multi-objective programming • Programming – not referring to computer programing but it means planning. Constrained optimization methods (Mathematical approach) Develop Project Charter ->Input ->Business Documents->Business Case
  12. 12. PMBOK 6 - All rights reserved; By: Anand Bobade Economic models for project selections: Develop Project Charter ->Input ->Business Documents->Business Case Present value (PV) Future value (FV) Net present value (NPV): Internal rate of return (IRR) Payback period Cost benefit analysis Note: Details provided in separate section
  13. 13. PMBOK 6 - All rights reserved; By: Anand Bobade Business Documents Benefit Management plan: • The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project Develop PC ->Input->Business Documents->Benefit Management It contains: Target benefits Strategic alignment Timeframe Benefits owner Metrics Assumptions Risks
  14. 14. PMBOK 6 - All rights reserved; By: Anand Bobade Agreements Any document or communication that defines the initial intentions of a project. This can take the form of: Contract Memorandum of Understanding (MOU’s) Service Level Agreements (SLA) Letter of agreements Letter of intents Verbal Agreement Email other written agreements Develop Project Charter -> Input -> Agreements
  15. 15. PMBOK 6 - All rights reserved; By: Anand Bobade Enterprise environmental factors Below Enterprise environmental factors can provide input to Charter: Internal EEF Organizational culture & Political climate Organizational Structure Organizational Governance framework Infrastructure Employee capability Stakeholders expectation Risk thresholds External EEF Marketplace conditions Legal restrictions Regulatory requirements Government or Industry standards Develop Project Charter -> Input -> EEF
  16. 16. PMBOK 6 - All rights reserved; By: Anand Bobade Organizational process assets Below Organizational process assets can provide input to Charter: Processes, Policies and Procedures Project, program governance Guidelines Project Life cycle Change control procedures Templates Organizational Knowledge Repositories Configuration knowledge repository Historical information Lessons learned Project files Develop Project Charter -> Input -> OPA
  17. 17. PMBOK 6 - All rights reserved; By: Anand Bobade Develop Project Charter -> Tools & Techniques Expert Judgment Data Gathering Interpersonal and team skills Meetings
  18. 18. PMBOK 6 - All rights reserved; By: Anand Bobade Expert Judgment Asses inputs (Business case, agreements etc.) used to develop project charter. Can be applied to all technical & management details during this process. Industry expertise Technical expertise Financial/Costing expertise Project Management expertise Organizational strategy • Benefits management • Technical knowledge of the project • Duration and budget estimations • Risk identification Develop Project Charter -> T&T -> Expert Judgment Experts: SME Other units within organization Consultants Other Stakeholders (including customer) Professional & technical associations Industry groups PMO
  19. 19. PMBOK 6 - All rights reserved; By: Anand Bobade Data Gathering Following Data Gathering techniques are used: Brainstorming Focus groups Interviews Develop Project Charter -> T&T -> Data Gathering
  20. 20. PMBOK 6 - All rights reserved; By: Anand Bobade Brainstorming Data gathering and creativity technique that can be used to identify risks, ideas, or solutions to issues. Generate & collect Multiple ideas related to project and product requirements Problem Identification (Prior activity) Idea Generation Idea analysis /Selection (decision making) Implementation (Post activity) Develop Project Charter -> T&T -> Data Gathering-> Brainstorming Idea Generation & Idea analysis/Selection are part of a brainstorming session, while Problem Identification occurs before session & Implementation occurs after session.
  21. 21. PMBOK 6 - All rights reserved; By: Anand Bobade Focus groups Bring together prequalified stakeholders & SME to understand their expectations & attitudes. Trained moderator develop a discussion by asking predefined questions. Discussion is focused around a topic. (Project risks, Success criteria etc) Develop Project Charter -> T&T -> Data Gathering-> Focus groups Pros Has fix agenda More structured Cons Trained Moderator required Less control Sponsor Business SME Process expert Business Analyst Moderator
  22. 22. PMBOK 6 - All rights reserved; By: Anand Bobade Interviews Approach to elicit information from stakeholders by directly talking to them. Spontaneous questions Useful to obtain confidential information Project participants Sponsors Other executives Subject matter experts Develop Project Charter -> T&T -> Data Gathering-> Interviews High level requirements Assumptions or Constraints Approval criteria
  23. 23. PMBOK 6 - All rights reserved; By: Anand Bobade Interpersonal and team skills Following Interpersonal and team skills are used: Conflict management Facilitation Meeting management Develop Project Charter -> T&T -> Interpersonal and team skills Conflict management • Objectives • Success Criteria • High level requirements • Project description • Summary milestones Facilitation • Guide a group to successful decision • Ensure effective participation • Achieve mutual understanding • Achieve agreements Meeting Management • Agenda • Representative for each stakeholder group • Minutes of meeting • Follow-up
  24. 24. PMBOK 6 - All rights reserved; By: Anand Bobade Meetings Project sponsor & key stakeholders will meet to discuss project charter Board may discuss & approve project charter Develop Project Charter -> T&T -> Meetings Meetings
  25. 25. PMBOK 6 - All rights reserved; By: Anand Bobade Project Charter Assumption log Develop Project Charter -> Output
  26. 26. PMBOK 6 - All rights reserved; By: Anand Bobade Project Charter Formally authorizes a project & provide PM with authority to apply organizational resources to project. Project Purpose or Justification. Measurable objectives & success criteria's. High level requirements. High level project description, boundaries & key deliverables High level risks. Develop Project Charter->Output-> Project Charter
  27. 27. PMBOK 6 - All rights reserved; By: Anand Bobade Project Charter Summary milestone schedule. Summary budget (Pre approved financial resources) Initial Stakeholder list. Project approval requirements. Exit Criteria (Cancel or Closure) Assignment of Project manager, responsibility, and authority level Project Sponsor Develop Project Charter->Output-> Project Charter
  28. 28. PMBOK 6 - All rights reserved; By: Anand Bobade Assumption log Its list of points which are believed to be true but not proven. Strategic & operational assumptions identified in Business case will be added to Project Charter Low level assumptions are generated throughout the project life cycle This log is used to record all assumptions and constraints . Develop Project Charter->Output-> Assumption log Assumption log Project: CRM Project Date: 11-Nov-2018 ID Project Phase Assumption Type Severity Responsible person Due Date Action Status 1 Planning Key resources will be available with 50% allocation Resource High Project Sponsor 01-Dec-18 Get Commitment from respective Managers. Closed 2 Design & Build Resource hiring will not take more than 2 months Schedule Medium HR Manager 15-Nov-18 Initiate interviews ASAP Pending 3 Design & Build Project will use existing IT infrastructure Technical Medium Project Manager 15-Dec-18 Pending
  29. 29. PMBOK 6 - All rights reserved; By: Anand Bobade Project charter definition What is Benefit management plan? What is business Case? What are project selection techniques? T&T: Expert Judgement, Data gathering, Interpersonal & team skills, meetings What is Project charter & its contents. Develop Project Charter -> Review

×