MPA 209 Project Planning & Development

1. PLAN
FINANCING
AND
PLAN
EXECUTION
Presented by Jennefer L Gracela

2. PLAN
IMPLEMENTATION
To implement a project means to
carry out activities proposed in the
application form with the aim to
achieve project objectives and
deliver results and outputs.
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3. PLAN FINANCING
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is the process of
estimating, budgeting,
and controlling project
costs.

4. FOUR MAIN FUNCTIONS OF
FINANCIAL/COST MANAGEMENT
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5. FOUR MAIN FUNCTIONS OF FINANCIAL/COST MANAGEMENT
Resource
Planning
The team
reviews the
project's scope
and specs to
figure out what
resources the
project will
require.
Cost
Estimating
Estimate what it
will cost to
procure
necessary
resources
Cost budgeting
Begin to work on
your project
budget or a
detailed plan of
how much you
plan to spend
during the project,
for what, and by
when.
Cost control
It is the process
of recording and
accounting costs
as the project
progresses,
and making
adjustment and
alerting
stakeholders to
problems when
they occur.
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7. PLAN EXECUTION
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• is an action plan that explains how a
project execution phase will be
managed for any given project
• Project execution is the stage in the
project life cycle where the project
plan is actually implemented, and the
team’s efforts are put toward moving
forward with the plan

8. SEVEN PROJECT EXECUTION PLAN
ELEMENTS
Project Scope
involves identifying and stating what the project aims to do or accomplish in clear,
specific terms
Quality and Technical Standards
The project scope helps create clear task outputs, and one important element of
executing these processes is their technical and quality specification
Project Budget
a cost estimate that assigns a price to all the project resources and sets a spending limit for
them.
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9. Resource Allocation
can include capital, people, and material goods required for the completion of a
large work task
Project Scheduling
helps guide the team through all steps of the project.
Risk Management Plan
used to identify potential risks, describe risk mitigation strategies and allocate the necessary
resources.
Organizational Components
means listing the key personnel and their roles and responsibilities, then distributing this list
so everyone is aware of who is responsible for what.
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10. BEST PRACTICES FOR CREATING A PROJECT
EXECUTION PLAN
Seek out feedback
• Work backward from your end goals.
Outline plans for smaller individual tasks.
• Invite team members to write their own narratives
for the project.
Focus on enthusiasm to encourage momentum
Source: https://www.indeed.com/career-advice/career-development/execution-plan-elements
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11. ACTIONS REQUIRED FOR PROJECT EXECUTION
Initiating Workflows and Processes
involves closely working with the project stakeholders, setting up workflows, optimizing
them, complying with milestones and deadlines, and avoiding impediments as the project
progresses forward.
Creating and Developing Project Deliverables
develop project deliverables that aid in meeting the established objectives and delivering value to
the project stakeholders.
Conducting Regular Meetings and Project-related Communication
a collaborative and coordinated effort is required to achieve project objectives and create the
required deliverables.
Tracking Progress of Project Tasks
ensure that the overall project is progressing as per the plan and no challenges are foreseen in
achieving the desired goals.
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14. REFERENCES
https://www.method123.com/financial-plan.php
https://asana.com/resources/cost-management-steps?gclid=CjwKCAjw1t2pBhAFEiwA_-A-
NEG6pN8iGeskbrrF-0F4OAvyfsbLI4lx0ujuPMcQy_DGLq0IVrxMWRoCwgwQAvD_BwE&gclsrc=aw.ds
https://www.atlassian.com/work-management/project-management/project-execution
https://safetyculture.com/topics/project-management-system/project-execution/
https://www.smarttask.io/blog/project-execution
https://www.knowledgehut.com/blog/project-management/what-is-project-execution
https://www.indeed.com/career-advice/career-development/execution-plan-elements
https://www.founderjar.com/project-execution-plan/
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15. THANK YOU!
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