1. Kunal Hasija
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2.  A project is a temporary endeavor undertaken to produce a
unique product or service
Temporary
Characteristics of
Projects
Unique
Temporary – Definitive beginning and end
Unique – New undertaking, unfamiliar ground
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3. Column has embraced the PRINCE2 Project
Management Methodology.
PRINCE2 (PRojects IN Controlled Environments) is
a structured method for effective Project
Management.
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6. PRINCE 2 Terminology
 Product
◦ Anything the project has to create or change.
 Customer
◦ Commissions the project, benefits from the results. Owns the Business Case.
 User
◦ Uses the final product.
 Supplier
◦ Provides skills and resources to create the required project outcome.
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8. • Project issues
• Mitigating project risk
• Quality
• Managing scope
• Metrics
• Managing the overall work plan
• Implementing standard processes
• Establishing leadership skills
• Setting expectations
• Team building
• Communicator skills
Process
Responsibilities
People
Responsibilities
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9.  Customer Requirements satisfied/exceeded
 Completed within allocated time frame
 Completed within allocated budget
 Acceptance by the customer
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10.  Scope creep
 Poor requirements gathering
 No Functional input in planning
 Lack of sponsorship
 Unrealistic planning and scheduling/Impossible schedule
commitments
 Lack of resources
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11.  Project Plan
- Work Break structure (WBS)
- Start and end date of each task
- Resource allocated to each task
 SOW
- A statement of work (SOW) is a formal document that captures
and defines the work activities, deliverables and timeline a
vendor will execute against in performance of specified work for
a client.
- Detailed requirements and pricing are usually included in the
SOW, along with standard regulatory and governance terms
and conditions.
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12.  Workshop & RA Session:
- During this stage of project we gather and understand the client
requirement in detail and propose them our best practice
 FRO
- Function Requirement Overview
 FRD
- Function Requirement Document
 SDD
- Solution Design Document
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15. ◦ Resources should join all project meetings
◦ Its necessary for every one on the project team to update Risk
logs, Issue register and any open issues
◦ Initial follow-up is required to be done by the resources for
their respective action items
◦ Updates should be shared with their respective managers for
any issue/concern
◦ Ensure the PM is copied on all communication to the client.
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