This is a small effort to simplify project/ business life cycle, steps and methodology.
It starts with the 'WILL' to do something, Ambition to start a new business or project or effort to enhance existing one. It explains the importance of market research, the outcomes, importance of business plans the execution strategy and what shall be done once the execution is completed.
It might not be the master piece representing the title yet it can be very helpful for the people who are willing and ready to take a challenge.
Without criticism, perfection is impossible. I request the critics to help me to bring betterment in next topics.
I shall be glad if I can be of further help in regards to the current topic in particular and related to business in general.
This is my small effort and contribution to make the world a better place by aligning & spreading the knowledge.
Looking forward to your feedback.
Asif Chaudhry
asifpannu@yahoo.com
Project Life Cycle and Phases with Risk Management discussionAbigail Pugal-Somera
Talks about project life cycles as interpreted by ADB and World Bank then proceeds to discuss the phases of the project life.
Presentation ends with a bit of discussion on risk management.
Project management is about acquiring or achieving the project goal and Most projects need to be broken down into a logical sequence of ‘phases’, known as the project life cycle.
A detail description of project management, project success and factors effecting project success during the whole cycle of project.
To download slides please visit my site:
www.xubitech.com
Project Life Cycle and Phases with Risk Management discussionAbigail Pugal-Somera
Talks about project life cycles as interpreted by ADB and World Bank then proceeds to discuss the phases of the project life.
Presentation ends with a bit of discussion on risk management.
Project management is about acquiring or achieving the project goal and Most projects need to be broken down into a logical sequence of ‘phases’, known as the project life cycle.
A detail description of project management, project success and factors effecting project success during the whole cycle of project.
To download slides please visit my site:
www.xubitech.com
HD version: http://1drv.ms/1i8AvZc
This is my publication on the introduction to project management. In this publication I overview important project management terms, definitions, project life cycles, and key project management software and tools
The purpose of this process is to define the overall parameters of the Project. This process is shaped by the development of the Project Definition Document (PDD), a narrative description of the project scope, including major deliverables, project objectives, project assumptions, project constraints, etc.
PDD details how the project will be organized, managed and executed.
Smart project management - Best Practices to Manage Project effectivelyChetan Khanzode
Best Practices to Manage project effectively.It gives overview of all five groups and ten PM knowledge areas.
Emphasis more important aspects of Project Management
Project management is the implementations of different processes, methodologies, knowledge areas, skills and experience to achieve the pre-defined objectives of project. In simple terms, A project is unique task and project management is the methodology to complete that task efficiently within its deadlines.
HD version: http://1drv.ms/1i8AvZc
This is my publication on the introduction to project management. In this publication I overview important project management terms, definitions, project life cycles, and key project management software and tools
The purpose of this process is to define the overall parameters of the Project. This process is shaped by the development of the Project Definition Document (PDD), a narrative description of the project scope, including major deliverables, project objectives, project assumptions, project constraints, etc.
PDD details how the project will be organized, managed and executed.
Smart project management - Best Practices to Manage Project effectivelyChetan Khanzode
Best Practices to Manage project effectively.It gives overview of all five groups and ten PM knowledge areas.
Emphasis more important aspects of Project Management
Project management is the implementations of different processes, methodologies, knowledge areas, skills and experience to achieve the pre-defined objectives of project. In simple terms, A project is unique task and project management is the methodology to complete that task efficiently within its deadlines.
This Presentation create a basic information and Idea about the Project Management Practices. The data was compiled from the reputed sources for better understanding.
Project Charter Scoring GuideCRITERIA NON-PERFORMANCE BASI.docxstilliegeorgiana
Project Charter Scoring Guide
CRITERIA NON-PERFORMANCE BASIC PROFICIENT DISTINGUISHED
Describe the
business
requirements for the
project.
Does not identify the
business
requirements for the
project.
Identifies but does
not describe the
business
requirements for the
project.
Describes the
business
requirements for the
project.
Analyzes in a detailed
and comprehensive
manner the business
requirements, including
the business need,
objectives, and approach
for the project.
Explain project
assumptions,
constraints, and
dependencies.
Does not identify
project assumptions,
constraints, and
dependencies.
Identifies but does
not explain project
assumptions,
constraints, and
dependencies.
Explains project
assumptions,
constraints, and
dependencies.
Analyzes in a detailed
and comprehensive
manner the project
assumptions,
constraints, and
dependencies, including
the relevancy to the
selected business case
or workplace example.
Analyze initial risk
factors to the
project.
Does not describe
initial risk factors to
the project.
Describes but does
not analyze initial risk
factors to the project.
Analyzes initial risk
factors to the project.
Evaluates initial risk
factors to the project,
including mitigating
strategies and
supporting resources to
substantiate evaluation.
Analyze the impact
of regulations and
costs to the project.
Does not describe
the impact of
regulations and costs
to the project.
Describes but does
not analyze the
impact of regulations
and costs to the
project.
Analyzes the impact
of regulations and
costs to the project.
Evaluates in a detailed
and comprehensive
manner the impact of
regulations and costs to
the project, including
resources to support
findings.
Explain who the
project stakeholders
are, their roles, and
their
responsibilities.
Does not identify
who the project
stakeholders are,
their roles, and their
responsibilities.
Identifies but does
not explain who the
project stakeholders
are, their roles, and
their responsibilities.
Explains who the
project stakeholders
are, their roles, and
their responsibilities.
Analyzes the project
stakeholder roles and
responsibilities, including
a comprehensive view of
each participant.
Communicate in a
manner that is
professional and
consistent with
expectations for
members of the
project management
profession.
Does not
communicate in a
manner that is
professional and
consistent with
expectations for
members of the
project management
profession.
Communicates in a
manner that is not
consistently
professional or not
consistent with
expectations for
members of the
project management
profession.
Communicates in a
manner that is
professional and
consistent with
expectations for
members of the
project management
profession.
Communicates in a
manner that is
professional and
consistent with
expectations for
members of the project
management ...
In this Business Analysis training session, you will learn about Introduction to Business Analysis. Topics covered in this session are:
Introduction to Business Analysis
• What is a Project?
• Business Process – What and Why?
• Who is a Project Manager?
• Who is a Business Analyst?
• What is Business Analysis and why is it important?
• Roles, Responsibilities and necessary Skills for a Business Analyst
Introduction to SDLC
• Requirement Analysis
• Design Phase
• Development Phase
• Testing Phase
• Release & Maintenance
• Current Trends in BA
For more information, click here: https://www.mindsmapped.com/courses/business-analysis/business-analysis-training-for-beginners-as-per-babok-v3/
In this Business Analysis training session, you will learn about basics of Business Analysis. Topics covered in this session are:
• Introduction to Business Analysis
• What is a Project?
• Business Process – What and Why?
• Who is a Project Manager?
• Who is a Business Analyst?
• What is Business Analysis and why is it important?
• Roles, Responsibilities and necessary Skills for a Business Analyst
• Introduction to SDLC
• Requirement Analysis
• Design Phase
• Development Phase
• Testing Phase
• Release & Maintenance
• Current Trends in BA
For more information, click here: https://www.mindsmapped.com/courses/business-analysis/become-a-business-analyst-with-hands-on-practice/
In this business analysis training session, you will learn introduction to Business Analysis. Topics covered in this course are:
Introduction to Business Analysis
• What is a Project?
• Business Process – What and Why?
• Who is a Project Manager?
• Who is a Business Analyst?
• What is Business Analysis and why is it important?
• Roles, Responsibilities and Necessary Skills for a Business Analyst
To know more, visit this link: https://www.mindsmapped.com/courses/business-analysis/become-a-business-analyst-hands-on-practice-with-real-life-templates/
Asset finance system project initiation 101. “Selecting and implementing a new asset finance system? In the second of three articles, we go back to basics to take a look at what you need to consider at the start of your project to give yourself the best chance of success.” This has necessarily been a brief look at Project Initiation. We welcome comments and would be happy to help you get your project off to a good start.
Similar to Project/ Business life cycle methodology (20)
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
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3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
3. INTRODUCTION
This document is prepared and presented to plan and execute full
exercise to identify, select, analyze & implement a risk free project. It is
a master methodology to start with market research and end with
Monitoring, Control, Adjustment & Enhancement. It covers all stages of
Project Life Cycle.
3
4. STAGE 01
MARKET RESEARCH
Market research is any organized effort to gather information
about target markets or customers. It is a very important
component of business strategy.
The Research Process
Define Objective
Design the Research
Data Collection
Data Analysis
Determination & Communication of Results
4
5. MARKET RESEARCH
Conventional Research
International Studies & Surveys
National Studies & Surveys
Data from Chamber of Commerce
Data from Relevant Ministries
Expert Reports
Newspapers
Un-Conventional Research
Meeting with Experts & Industry Leaders
Meeting with Related Professionals
Meeting with General Public
Scientific Analysis
Data Mining
Developing Theories & Opinions
Matching Different Variables
5
6. MARKET RESEARCH
After this research we will know overall market situation with below factors
Most & Least Popular Sectors
Papules and Saturated Sectors
Under & Over Served Sectors
Sectors in Demand
Main & Support Industries
Local & International Influences
Current & Future Supply & DemandTrends
Taxation
Sectors Encouraged & Discouraged By the Government
Dedicated Special Areas (Economic/ Free Zones)
6
7. SECTOR SELECTION
The next important step toward achieving the goal is to select the sector which may include following qualities
Sector in High Demand
Popular Sector with Least Saturation
Under Served Sector
Sector Encouraged by the Government
Sector with Government Subsidies
Sector with High Local Demand
Sector Manageable with Local Expertise
Sector with Ease to Import Expertise
Sector with Easy Future Expansion
7
8. INTERNAL ANALYSIS
It is necessary to have a complete insight of organizational internal
situation to make effective use of market research. Internal analysis can
be conducted prior, during or after market research but before moving
to the next stages of decision making.
Effective analysis tools are as below
SWOT analysis
Organizations past, current and future performance
Competitive Advantage
8
9. PROJECT SELECTION FOR ASSESSMENT
Market research and internal analysis shall be a denominator to move forward to make realistic choices. After
selection of the sector and analysing organization, the next step is selection of most closely matching and appealing
projects. One or more projects can be selected for presentation to BOD.
The attributes to qualify any project for further assessment shall be as below
Project shall fall within available initial investments
Project shall be within working capability of the organization
Project falling under prior experience & expertise are recommended
Project with minimum risk
9
10. OPPORTUNITY/ PROJECT RATIONALE
Once project selection is made, it shall be document with all pros and cons. After having a reasonable confidence in
workability of any project, the project shall be presented to BOD/ CEO/ Chairman or Management for further
discussion and to obtain approval to move forward with further actions.
Opportunity rationale is the most important element of a proposal. While other parts of a proposal concern
themselves with details on how a project would be carried out, the rationale explains why the opportunity is worth
considering in the first place. The Rationale must provide a compelling reason for committing resources to this
opportunity rather than some other opportunity.
10
11. STAGE 02
BUSINESS PROJECT PLAN & APPROVAL
After presentation to the management, discussion and taking their consent and approval. The field work shall start for
accepted projects.
The Market research, internal analysis & selected projects require further workings to convert theories into plans to
discuss and align all aspects required to initialize any project.
Here in stage 02 of project life cycle, specific and direct approach shall be applied in consideration with goals,
resources, deliverables and management of project prior and after execution.
11
12. BUSINESS PROJECT PLAN & APPROVAL
The business project plan shall include below aspects
Project Scope
Objectives
Deliverables
Success Factors
ProjectTeam/ Organizational Chart
Implementation Process
Recognition of Required Resources
Cost Analysis
Mile stones & Project Schedule
Risk Management
QMS & KPIs
Marketing & Sales
Projected Reports 12
13. PROJECT SCOPE
A project scope statement or executive summary is a useful tool to outline the project's deliverables and identify the
constraints, assumptions and key success factors. The well-written scope statement clearly defines the boundaries of
a project.
The Project Scope Shall Cover as Below
Project Justification
Scope Description
Acceptance Criteria
Project Exclusions
Constraints
Assumptions
13
15. PROJECT DELIVERABLES
Explain the deliverables required from the project, such as
Identify end product or services
Explain all details
Explain looks and packaging
Durability
Other details about the product or service
15
16. SUCCESS FACTOR
Overview of factors required to make the project a success,
for instance
Key clients or target market
Delivery on Time
Quality of the Product
Cost Controls
Others
16
17. PROJECTTEAM/ ORGANIZATIONAL CHART
Highlight the required team for project. Identify
the expertise and skills required for project
execution, operations & management
The ManagementTeam
The ProjectTeam
The Production Team
The SalesTeam
The SupportTeam
17
General
Manager
Financial
Manager
Project
Manager
Support
Manager
Production
Manager
Sales
Manager
Project
Secretory
18. IMPLEMENTATION PROCESS
A complete implementation process shall be
defined for the project, it may include
Tasks/activities
Procedures
Tools/technology
Project change control process
18
19. RECOGNITION OF REQUIRED RESOURCES
Knowing the required resources for any project
before in timeline & right quantities is very
important. It may include
Required Workforce
Equipment and Machinery
Places of Production and Delivery
Outsourced Services/ Products
Manufacturing or Acquisitions
Required Marketing and Sales Strengths
19
20. COST ANALYSIS
One of the most important factors in success of any business plan is knowing the
accurate costs prior, during and after execution. Wrong estimates can jeopardize
the project at any stage.The costs can be classified as
Initial Investment
Capital Expenditure
Licensing & Legal Fees
Financial Costs
Running Costs
Direct & Indirect Costs
Sales & Marketing Costs
20
21. MILESTONES & PROJECT SCHEDULE
Setting up the milestones with timeline and
specific dates helps the achievement of
projects on time. The schedule helps to
identify the total required time. Achievement
of Milestones can be step by step or in
parallel. The adjustments can be made in
accordance with different factors
21
Legalization
•September 2016
Building Readiness
•March 2017
Import & Pant Fix
•April 2017
Manpower
Mobilization
•April 2017
Production
•May 2017
22. RISK MANAGEMENT
In every core of business, risks prevail. It is possible
to minimize the risk with proper management. Still
probabilities prevail that risks turn true. It is
required to highlight possible risks, the probability of
occurrence, impact on project, assignment of risk
ownership and drafting a mitigation plan.
22
23. QMS & KPI
Quality Management System & Key Performance
Indicators keeps the project on required track and helps
prevent any deviation. Help can be taken by analyzing
market leaders and best practices. Some factors of
consideration can be
Quality Standards
Plans to Manage the Standards
Monitoring the Plans within Set Costs
Monitoring the Plans within Set Timelines
Define Performance Indicators
Define Mechanism to monitor, control & enhance indicators
23
24. MARKETING & SALES
One of the most important factor in any project is
its Marketing to spread the message and awareness
and setting up the sales channels. . Some factors of
consideration can be
Quality Standards
Plans to Manage the Standards
Monitoring the Plans within Set Costs
Monitoring the Plans within Set Timelines
Define Performance Indicators
Define Mechanism to monitor, control & enhance
indicators
24
25. PROJECTED REPORTS
The estimations and plans shall be translated into financial terms to represent the value of plan for minimum next 10 years. The important components of the reporting pack shall be as below
Internal Rate of Return (IRR)
Payback Period
Net Present Value
Capital Expenditure Breakdown
Operating Expenses
Working Capital Requirement
Space Requirement, Allocation and Costing
Machineries, tools requirement and Costing
Raw Materials Requirement and Costing
Human Resources Requirement and Costing
Production and Sales Estimation
Pricing Methodology
Projected Cash Flow
Projected Income Statement
Projected Balance Sheet
25
26. STAGE 03
PROJECT EXECUTION
Once approved, the business plan shall be transformed into execution
plan. The focus shall be shifted to translate the plan into reality. Some
factors for project execution are as below
Execution Plan
Timelines
Selection of Contractors
Selection of Equipment
BOQs
Implementation of Cost Control Process
Recruitment & Manpower Mobilization Plan
26
27. STAGE 04
MONITORING, CONTROL,ADJUSTMENT & ENHANCEMENT
After successful execution of project the focus shall shift to monitor,
control, adjust and enhance the organizational efficiency. The
projection shall become the initial benchmarks. This process is
continuous and shall focus on improving the profitability by reducing
the cost and enhancing the profitability to maximize return on
investments
Define Activities
Define Process, Policies & Procedures
QMS & KPIs
Job Descriptions
27