Estimation is critical for making good project decisions and providing important information to stakeholders. However, estimation can be challenging due to many influencing factors. Underestimating can negatively impact productivity, quality, relationships and credibility. Improving estimation practices such as applying specific techniques and mining historical data can help create reliable estimates and improve project delivery, decision making, communication and cost control.
This document discusses estimation and project planning. It states that estimation is important for making good decisions and is essential for a project's success. It notes that getting better at estimation requires practice and presenting estimates effectively and convincingly to stakeholders. The document provides tips for estimation such as designing an estimation procedure, applying specific techniques, keeping prior project estimations in mind, and keeping plans practical.
Forecasting involves analyzing past and present data to predict future events and their potential impact. While forecasting provides managers information to make decisions with more confidence, it cannot eliminate all uncertainty about the future. The process of forecasting follows steps like analyzing problems, collecting and studying data, and estimating future outcomes, allowing managers to prepare for challenges.
Estimation and project planning are important but challenging aspects of IT projects. Without reliable estimates, it is difficult to forecast productivity, control costs, meet deadlines, and build trust. Good estimation and planning require adequate time, effective presentation of estimates to stakeholders, and understanding between developers and management. Developing a well-crafted estimate can provide benefits like aligned objectives, informed decision-making, reliable dates, improved communication, and satisfied customers. Top tips include integrating estimation into the development process, using historical data, applying specific techniques, and adjusting scope based on resources and budget.
Project Management In Legal One Of The Missing PiecesDavid Kearney
This document discusses project management in the legal field and provides an overview of key project management concepts and tools that can benefit legal clients, firms, and attorneys. It outlines reasons why projects may underperform or fail and explains that project management aims to control costs, enhance communication, and help ensure quality. Finally, the document lists some tools and techniques used in project management, such as risk management, work breakdown structures, and lessons learned reports.
Do you know what is your capital expenditure plan?
Is your spend within +/-5% of your plan
Are you able to monitor and objectively evaluate your plan?
Is your plan fluid and flexible?
Each product development project is different. Different features, customers, use cases, and expectations. Let’s discuss how to build a custom reliability program that fits your specific situation.
“Insanity: doing the same thing over and over and expecting different results.”
– attributed to Albert Einstein, basically describes many organizations reliability program plans.
The idea that a set of activities will effectively address all of the reliability risks of a new design is all too common in industry. Why is this?
Let’s explore recognizing the current situation and which activities will provide the most value. The focus should be on creating a product that meets customer and business expectations withe lowest risk and cost.
In this interactive webinar, we will discuss a couple of different situations and how to develop and manage the right reliability program. Startups with brand new technology to mature industrial equipment families of products all have reliability performance expectations, it is how we create and execute the reliability activities in support of the project that is key.
Each element of the entire program should add value, not done ‘just because we always do that.” With just a little thought you can create and justify a tailored plan. Join the discussion.
This Accendo Reliability webinar originally broadcast on 9 September 2014.
This document outlines the key steps in risk management: identify risks, analyze and prioritize risks based on potential damage and likelihood of occurrence, develop response plans to mitigate risks, establish reserves to account for known and unknown risks, and continuously monitor and adjust risk strategies as a project progresses. It also notes that effective risk identification requires a critical attitude and consideration of all possible problems based on the assumption that anything that can go wrong, will go wrong.
Estimation is critical for making good project decisions and providing important information to stakeholders. However, estimation can be challenging due to many influencing factors. Underestimating can negatively impact productivity, quality, relationships and credibility. Improving estimation practices such as applying specific techniques and mining historical data can help create reliable estimates and improve project delivery, decision making, communication and cost control.
This document discusses estimation and project planning. It states that estimation is important for making good decisions and is essential for a project's success. It notes that getting better at estimation requires practice and presenting estimates effectively and convincingly to stakeholders. The document provides tips for estimation such as designing an estimation procedure, applying specific techniques, keeping prior project estimations in mind, and keeping plans practical.
Forecasting involves analyzing past and present data to predict future events and their potential impact. While forecasting provides managers information to make decisions with more confidence, it cannot eliminate all uncertainty about the future. The process of forecasting follows steps like analyzing problems, collecting and studying data, and estimating future outcomes, allowing managers to prepare for challenges.
Estimation and project planning are important but challenging aspects of IT projects. Without reliable estimates, it is difficult to forecast productivity, control costs, meet deadlines, and build trust. Good estimation and planning require adequate time, effective presentation of estimates to stakeholders, and understanding between developers and management. Developing a well-crafted estimate can provide benefits like aligned objectives, informed decision-making, reliable dates, improved communication, and satisfied customers. Top tips include integrating estimation into the development process, using historical data, applying specific techniques, and adjusting scope based on resources and budget.
Project Management In Legal One Of The Missing PiecesDavid Kearney
This document discusses project management in the legal field and provides an overview of key project management concepts and tools that can benefit legal clients, firms, and attorneys. It outlines reasons why projects may underperform or fail and explains that project management aims to control costs, enhance communication, and help ensure quality. Finally, the document lists some tools and techniques used in project management, such as risk management, work breakdown structures, and lessons learned reports.
Do you know what is your capital expenditure plan?
Is your spend within +/-5% of your plan
Are you able to monitor and objectively evaluate your plan?
Is your plan fluid and flexible?
Each product development project is different. Different features, customers, use cases, and expectations. Let’s discuss how to build a custom reliability program that fits your specific situation.
“Insanity: doing the same thing over and over and expecting different results.”
– attributed to Albert Einstein, basically describes many organizations reliability program plans.
The idea that a set of activities will effectively address all of the reliability risks of a new design is all too common in industry. Why is this?
Let’s explore recognizing the current situation and which activities will provide the most value. The focus should be on creating a product that meets customer and business expectations withe lowest risk and cost.
In this interactive webinar, we will discuss a couple of different situations and how to develop and manage the right reliability program. Startups with brand new technology to mature industrial equipment families of products all have reliability performance expectations, it is how we create and execute the reliability activities in support of the project that is key.
Each element of the entire program should add value, not done ‘just because we always do that.” With just a little thought you can create and justify a tailored plan. Join the discussion.
This Accendo Reliability webinar originally broadcast on 9 September 2014.
This document outlines the key steps in risk management: identify risks, analyze and prioritize risks based on potential damage and likelihood of occurrence, develop response plans to mitigate risks, establish reserves to account for known and unknown risks, and continuously monitor and adjust risk strategies as a project progresses. It also notes that effective risk identification requires a critical attitude and consideration of all possible problems based on the assumption that anything that can go wrong, will go wrong.
Improved Business Performance Through Effective Portfolio ManagementStephanie Milne
The document discusses improving business performance through effective portfolio management. It outlines some common business challenges around resource management, project prioritization, and process management. It then discusses addressing these challenges by doing the right projects aligned with strategy and goals, and doing projects right through effective processes, governance, and information systems. Finally, it contrasts characteristics of businesses with poor versus high performing portfolio management practices.
Project managers need to understand their organization's strategic management process to ensure projects are properly aligned. This involves responding to changes in strategy, environmental factors, and resource allocation. A project portfolio system can help by classifying projects, using financial and strategic selection criteria, and managing the portfolio to reduce issues like the implementation gap and organizational politics. Project proposals are evaluated and prioritized using tools like weighted scoring models to select those that best achieve organizational goals.
Managing Project Teams discusses high-performing teams and how to develop effective project teams. It outlines the five stages of team development: forming, storming, norming, performing, and adjourning. Conditions that favor development of high-performing project teams include having 10 or fewer voluntary members who are fully dedicated to the team and its compelling objective. The chapter also discusses recruiting members, conducting meetings, establishing a team identity, managing rewards and conflicts, and challenges of virtual teams.
Planning is deciding in advance what actions to take, how to execute them, by when, who will be responsible, where they will occur, and what resources are needed. It is an intellectual process that involves determining courses of action based on purpose and informed estimates. Planning pervades all management activities and contributes to objectives by ensuring efficiency, motivation, control, coordination, and decision making while offsetting future uncertainty and preventing failures.
The document discusses managing versus leading a project and describes the key differences. It also covers managing project stakeholders, building social networks, and using influence as a form of exchange. Effective project managers exhibit qualities like systems thinking, integrity, being proactive, and having strong emotional intelligence. Building relationships with stakeholders before they are needed is an important suggestion.
1. The document discusses planning, scheduling, and control for construction project scheduling. It defines planning as determining what will be done, how, where, by whom, and when in general terms, while scheduling determines the specific timing and sequence of operations.
2. Scheduling is an important part of planning and serves as a foundation for other project functions like cost estimating and control. It aims to calculate project completion, activity start/end dates, and cash flow.
3. Good scheduling requires proficient human schedulers, suitable technology like software, and supportive management. Together these ensure the scheduling system does not fail.
This document discusses evaluation of projects funded by the Innovation and Strategic Development (IESD) program. It notes that evaluation was previously seen as a barrier to applying for funding. The document recommends that grantees conduct an evaluation of their IESD project using allocated funding. Evaluation should be seen as a tool to improve projects by understanding what works and why. Projects can be evaluated internally or externally. Evaluations should specify the aims, questions, methodology, outputs, and budget. Examples of what to evaluate include delivery models, outcomes, impacts, stakeholder involvement, and cost effectiveness. The document provides tips on measuring impact and notes helpful evaluation guidance available online.
The document discusses reasons why projects often fail. It identifies several common causes of project failure, including poor management, lack of user input, undefined objectives, lack of a solid project plan, lack of organizational support, poor budget management, vague requirements, stakeholder conflicts, unrealistic timeframes, and poor communication. It explains that even with the best intentions and planning, projects can fail if any of these reasons are present. For a project to succeed, accurate management, clear objectives, user input, solid implementation of plans, and addressing issues early are important to avoid going off track, wasting time and resources, and ultimately leading to failure.
Risk Management and Change Controls PresentationMike McCloskey
This document summarizes a presentation about effective risk management and change control platforms for major projects. It discusses common reasons for project failure, including failing to adapt approaches to different project types and complexities. It defines risk management and change control, outlining key processes. It emphasizes that the project manager and team, not just the risk manager, are responsible for managing risk in major projects. Finally, it argues that connecting risk management to its underlying purpose or "why" is critical for impacting project outcomes positively.
The document discusses various tools that managers use in the planning process, including benchmarking, forecasting, contingency planning, scenario planning, and staff planners. Benchmarking involves using best practices from other organizations to improve performance. Forecasting uses statistical models and expert opinions to predict the future. Contingency planning develops backup plans for different situations. Scenario planning creates plans for various scenarios like best and worst cases. Staff planners can help coordinate planning but may have communication gaps with line managers.
Successful Change Management Strategies in a Medical Practice – April 28, 2011Cientis Technologies
Successful Change Management Strategies in a Medical Practice
Panelists: Dr. Chris Tonozzi, Electronic Health Record Implementation and Development, Physician lead, Mountain Family Health Center, Glenwood Springs, Colorado.
Ann Lefebvre, Executive Director of NC Regional Extension Center for HIT and directs the Improving Performance in Practice (IPIP) Program for the state of North Carolina.
This document provides an overview of using project management tools and techniques for developing successful government contract proposals. It discusses defining the scope of work, outlining activities in a work breakdown structure, assessing risks, scheduling tasks in a Gantt chart, and closing out the project upon completion. The objective is to introduce a methodology for structuring the proposal development process to produce a quality bid that meets the expectations of funding agencies.
The document discusses business environment analysis. It notes that environmental analysis is a strategic tool used to identify external and internal factors that can affect an organization's performance. The analysis process involves collecting necessary information, scanning and searching for additional data, using analytical techniques like surveys and correlations, forecasting future conditions, and observing the current environment. The results are then assessed to determine implications for an organization's strategies and identify opportunities and threats in the business landscape. While environmental analysis can help achieve objectives and provide market awareness, it also has disadvantages like not foreseeing all events, relying on assumptions, and being time-consuming.
This document is an IT project proposal form for a project at Old Dominion University. It requests information such as the business case, strategic goals, scope, deliverables, risks, assumptions, constraints, stakeholders, and a project evaluation. The form is submitted to the Project Review Team and Project Management Office for review and approval in order to gain initial agreement and begin the planning process.
Every project and program includes reliability engineering. This may be obvious with a structured program and reliability plan, or may be unspoken. The product or system will have some level of reliability performance whether or not anyone is overtly working to achieve a reliability goal.
You have an interest in reliability engineering. You may be working within a group and realize that you can help make the product reliable and doing so have advantages for your customers and for you. Or, you’ve been assigned a few tasks related to reliability engineering.
Now what do you do?
How does one become a reliability engineer? What is a reliability engineer? And what do they do that makes a difference?
Let’s explore these questions and layout a couple of ways to get started as a reliability engineering professional. Whether just starting out, starting a new project, or just want to improve your existing program, this webinar will explore how to develop reliability engineering skills, adding value with each task, and spotting opportunities to improve reliability of your product or process.
This Accendo Reliability webinar originally broadcast on 13 January 2015.
Using future scenarios is a valuable complement to the strategy and strategic thinking process....these two presentations aim to provide a high-level overview of the approach and potential value to be gained
Over 66% of projects are not delivered on budget, on time, or to expected quality levels, impacting staff productivity, product quality, customer relationships, and credibility. To improve estimation and make projects more predictable, organizations should integrate estimation into the development process, mine historical data to tune their estimation capabilities, and apply specific estimation techniques. Practical project planning involves creating a critical path, work breakdown structure, and accounting for resource leveling, dependencies, and assumptions.
Effect of Strategic Planning on the Performance of Higher Educational Institutesinventionjournals
- The document discusses the impact of strategic planning on the performance of higher education institutions. It focuses on Blue Nile University in Sudan from 2013-2015.
- It finds that strategic planning at all stages, types, and levels has an effect on the performance of higher education institutions. Effective planning depends on availability of data.
- The document reviews concepts of planning, stages of the planning process, types of planning, planning levels, benefits and challenges of planning, and previous related studies on strategic planning in education.
Scheduling and Cost ControlChristopher MihunPM620-1801B-01.docxanhlodge
Scheduling and Cost Control
Christopher Mihun
PM620-1801B-01
Professor Borodin
Introduction
Project differ from one organization to another.
There are periods when an organization uses a project for special functions.
There are those which use projects as part of an integrated business platform and architecture.
Therefore, for a successful implementation of a project:
Human resources
Equipment and materials
Financial resources and facilities
2
Why are scheduling and cost control important for project success?
These are a closely related concept for project management.
The importance of scheduling and cost control include:
Efficiency in project management (Kerzner, 2015).
Profitability through ensuring good resources allocation and utilization
Satisfying consumer needs and meeting delivery timelines (Rosli, Haziq, 2017).
They are core aspect of project planning to meet project costs.
Scheduling and cost control are essential for project success.
Based on Rosli, Haziq (2017), project budgeting helps in determining the necessary and needed resources to effectively manage a project. It is important to consider the process and affiliation in consideration to performance issues and resources. It is also important to effectively improve and coordinate the different processes of budgeting such as constraints of costs to a project. Rosli, Haziq (2017), further argues the process of managing cost and budgets will either influence the success and failure of a project. Therefore, for a successful project, a timely performance of a project team will determine the ability to meet the set timelines and quantifiably improve and meet the necessary demands of a project. All these imply to the concept of a project success measurement in terms delivery of the needed and necessary deliverables. Covering all the necessary deliverables at the right time and within the needed framework, helps to improve and meet the necessary demands of the project stakeholders.
It is also important to understand the necessary project lifecycles and how each lifecycle impacts a project development differently. Therefore, it is important for project managers to understand the process of project management and how to effectively develop the necessary process implementation to ensure successful implementation of a project. As a manager, one should always possess good communication skills to improve and increase communication plans for the project team and overall communication with the stakeholders. Good communication plans will help the project team to identify the necessary project goals, deliverables, timelines, and resource allocation, keep track of project changes and project progress. The importance of project scheduling is to ensure there is a control for project success and meeting the needed successful projections based on evaluations and plans. It is also ideally a complete concept to ensure there is a considerable performance to help, develop and increase.
A skilled project manager knows how to avoid failures through education, experience, and using structured methodologies. Formal communication plans and realistic expectations based on the project plan can also help ensure success. Having the proper resources for the project in terms of staffing levels and skills is another critical factor.
Improved Business Performance Through Effective Portfolio ManagementStephanie Milne
The document discusses improving business performance through effective portfolio management. It outlines some common business challenges around resource management, project prioritization, and process management. It then discusses addressing these challenges by doing the right projects aligned with strategy and goals, and doing projects right through effective processes, governance, and information systems. Finally, it contrasts characteristics of businesses with poor versus high performing portfolio management practices.
Project managers need to understand their organization's strategic management process to ensure projects are properly aligned. This involves responding to changes in strategy, environmental factors, and resource allocation. A project portfolio system can help by classifying projects, using financial and strategic selection criteria, and managing the portfolio to reduce issues like the implementation gap and organizational politics. Project proposals are evaluated and prioritized using tools like weighted scoring models to select those that best achieve organizational goals.
Managing Project Teams discusses high-performing teams and how to develop effective project teams. It outlines the five stages of team development: forming, storming, norming, performing, and adjourning. Conditions that favor development of high-performing project teams include having 10 or fewer voluntary members who are fully dedicated to the team and its compelling objective. The chapter also discusses recruiting members, conducting meetings, establishing a team identity, managing rewards and conflicts, and challenges of virtual teams.
Planning is deciding in advance what actions to take, how to execute them, by when, who will be responsible, where they will occur, and what resources are needed. It is an intellectual process that involves determining courses of action based on purpose and informed estimates. Planning pervades all management activities and contributes to objectives by ensuring efficiency, motivation, control, coordination, and decision making while offsetting future uncertainty and preventing failures.
The document discusses managing versus leading a project and describes the key differences. It also covers managing project stakeholders, building social networks, and using influence as a form of exchange. Effective project managers exhibit qualities like systems thinking, integrity, being proactive, and having strong emotional intelligence. Building relationships with stakeholders before they are needed is an important suggestion.
1. The document discusses planning, scheduling, and control for construction project scheduling. It defines planning as determining what will be done, how, where, by whom, and when in general terms, while scheduling determines the specific timing and sequence of operations.
2. Scheduling is an important part of planning and serves as a foundation for other project functions like cost estimating and control. It aims to calculate project completion, activity start/end dates, and cash flow.
3. Good scheduling requires proficient human schedulers, suitable technology like software, and supportive management. Together these ensure the scheduling system does not fail.
This document discusses evaluation of projects funded by the Innovation and Strategic Development (IESD) program. It notes that evaluation was previously seen as a barrier to applying for funding. The document recommends that grantees conduct an evaluation of their IESD project using allocated funding. Evaluation should be seen as a tool to improve projects by understanding what works and why. Projects can be evaluated internally or externally. Evaluations should specify the aims, questions, methodology, outputs, and budget. Examples of what to evaluate include delivery models, outcomes, impacts, stakeholder involvement, and cost effectiveness. The document provides tips on measuring impact and notes helpful evaluation guidance available online.
The document discusses reasons why projects often fail. It identifies several common causes of project failure, including poor management, lack of user input, undefined objectives, lack of a solid project plan, lack of organizational support, poor budget management, vague requirements, stakeholder conflicts, unrealistic timeframes, and poor communication. It explains that even with the best intentions and planning, projects can fail if any of these reasons are present. For a project to succeed, accurate management, clear objectives, user input, solid implementation of plans, and addressing issues early are important to avoid going off track, wasting time and resources, and ultimately leading to failure.
Risk Management and Change Controls PresentationMike McCloskey
This document summarizes a presentation about effective risk management and change control platforms for major projects. It discusses common reasons for project failure, including failing to adapt approaches to different project types and complexities. It defines risk management and change control, outlining key processes. It emphasizes that the project manager and team, not just the risk manager, are responsible for managing risk in major projects. Finally, it argues that connecting risk management to its underlying purpose or "why" is critical for impacting project outcomes positively.
The document discusses various tools that managers use in the planning process, including benchmarking, forecasting, contingency planning, scenario planning, and staff planners. Benchmarking involves using best practices from other organizations to improve performance. Forecasting uses statistical models and expert opinions to predict the future. Contingency planning develops backup plans for different situations. Scenario planning creates plans for various scenarios like best and worst cases. Staff planners can help coordinate planning but may have communication gaps with line managers.
Successful Change Management Strategies in a Medical Practice – April 28, 2011Cientis Technologies
Successful Change Management Strategies in a Medical Practice
Panelists: Dr. Chris Tonozzi, Electronic Health Record Implementation and Development, Physician lead, Mountain Family Health Center, Glenwood Springs, Colorado.
Ann Lefebvre, Executive Director of NC Regional Extension Center for HIT and directs the Improving Performance in Practice (IPIP) Program for the state of North Carolina.
This document provides an overview of using project management tools and techniques for developing successful government contract proposals. It discusses defining the scope of work, outlining activities in a work breakdown structure, assessing risks, scheduling tasks in a Gantt chart, and closing out the project upon completion. The objective is to introduce a methodology for structuring the proposal development process to produce a quality bid that meets the expectations of funding agencies.
The document discusses business environment analysis. It notes that environmental analysis is a strategic tool used to identify external and internal factors that can affect an organization's performance. The analysis process involves collecting necessary information, scanning and searching for additional data, using analytical techniques like surveys and correlations, forecasting future conditions, and observing the current environment. The results are then assessed to determine implications for an organization's strategies and identify opportunities and threats in the business landscape. While environmental analysis can help achieve objectives and provide market awareness, it also has disadvantages like not foreseeing all events, relying on assumptions, and being time-consuming.
This document is an IT project proposal form for a project at Old Dominion University. It requests information such as the business case, strategic goals, scope, deliverables, risks, assumptions, constraints, stakeholders, and a project evaluation. The form is submitted to the Project Review Team and Project Management Office for review and approval in order to gain initial agreement and begin the planning process.
Every project and program includes reliability engineering. This may be obvious with a structured program and reliability plan, or may be unspoken. The product or system will have some level of reliability performance whether or not anyone is overtly working to achieve a reliability goal.
You have an interest in reliability engineering. You may be working within a group and realize that you can help make the product reliable and doing so have advantages for your customers and for you. Or, you’ve been assigned a few tasks related to reliability engineering.
Now what do you do?
How does one become a reliability engineer? What is a reliability engineer? And what do they do that makes a difference?
Let’s explore these questions and layout a couple of ways to get started as a reliability engineering professional. Whether just starting out, starting a new project, or just want to improve your existing program, this webinar will explore how to develop reliability engineering skills, adding value with each task, and spotting opportunities to improve reliability of your product or process.
This Accendo Reliability webinar originally broadcast on 13 January 2015.
Using future scenarios is a valuable complement to the strategy and strategic thinking process....these two presentations aim to provide a high-level overview of the approach and potential value to be gained
Over 66% of projects are not delivered on budget, on time, or to expected quality levels, impacting staff productivity, product quality, customer relationships, and credibility. To improve estimation and make projects more predictable, organizations should integrate estimation into the development process, mine historical data to tune their estimation capabilities, and apply specific estimation techniques. Practical project planning involves creating a critical path, work breakdown structure, and accounting for resource leveling, dependencies, and assumptions.
Effect of Strategic Planning on the Performance of Higher Educational Institutesinventionjournals
- The document discusses the impact of strategic planning on the performance of higher education institutions. It focuses on Blue Nile University in Sudan from 2013-2015.
- It finds that strategic planning at all stages, types, and levels has an effect on the performance of higher education institutions. Effective planning depends on availability of data.
- The document reviews concepts of planning, stages of the planning process, types of planning, planning levels, benefits and challenges of planning, and previous related studies on strategic planning in education.
Scheduling and Cost ControlChristopher MihunPM620-1801B-01.docxanhlodge
Scheduling and Cost Control
Christopher Mihun
PM620-1801B-01
Professor Borodin
Introduction
Project differ from one organization to another.
There are periods when an organization uses a project for special functions.
There are those which use projects as part of an integrated business platform and architecture.
Therefore, for a successful implementation of a project:
Human resources
Equipment and materials
Financial resources and facilities
2
Why are scheduling and cost control important for project success?
These are a closely related concept for project management.
The importance of scheduling and cost control include:
Efficiency in project management (Kerzner, 2015).
Profitability through ensuring good resources allocation and utilization
Satisfying consumer needs and meeting delivery timelines (Rosli, Haziq, 2017).
They are core aspect of project planning to meet project costs.
Scheduling and cost control are essential for project success.
Based on Rosli, Haziq (2017), project budgeting helps in determining the necessary and needed resources to effectively manage a project. It is important to consider the process and affiliation in consideration to performance issues and resources. It is also important to effectively improve and coordinate the different processes of budgeting such as constraints of costs to a project. Rosli, Haziq (2017), further argues the process of managing cost and budgets will either influence the success and failure of a project. Therefore, for a successful project, a timely performance of a project team will determine the ability to meet the set timelines and quantifiably improve and meet the necessary demands of a project. All these imply to the concept of a project success measurement in terms delivery of the needed and necessary deliverables. Covering all the necessary deliverables at the right time and within the needed framework, helps to improve and meet the necessary demands of the project stakeholders.
It is also important to understand the necessary project lifecycles and how each lifecycle impacts a project development differently. Therefore, it is important for project managers to understand the process of project management and how to effectively develop the necessary process implementation to ensure successful implementation of a project. As a manager, one should always possess good communication skills to improve and increase communication plans for the project team and overall communication with the stakeholders. Good communication plans will help the project team to identify the necessary project goals, deliverables, timelines, and resource allocation, keep track of project changes and project progress. The importance of project scheduling is to ensure there is a control for project success and meeting the needed successful projections based on evaluations and plans. It is also ideally a complete concept to ensure there is a considerable performance to help, develop and increase.
A skilled project manager knows how to avoid failures through education, experience, and using structured methodologies. Formal communication plans and realistic expectations based on the project plan can also help ensure success. Having the proper resources for the project in terms of staffing levels and skills is another critical factor.
This paper discusses the changing role of project managers in agile projects, and how to organize a more facilitative approach in your (IT) projects when using agile as methodology.
Why projects fail avoiding the classic pitfallsTa Ngoc
This document discusses common reasons why projects fail and how to avoid failures. It identifies six major pitfalls: lack of constituent alignment, inadequate risk management, poor performance measurement, unclear project scope, insufficient communication, and failure to follow a project methodology. To improve success rates, the document recommends clearly defining objectives and goals, proactively managing risks, establishing baselines and metrics to track progress, gaining full agreement on scope, creating detailed communication plans, and strictly adhering to a project management methodology. Automation and project management tools can also help by providing oversight and reporting to catch issues early.
Dr. Richa Singhal presented information on project planning techniques. The document outlined various components of an effective project plan including work breakdown structure, work packages, scheduling methods like bar charts, RAT/CAT schedules and network schedules. It emphasized the importance of the project master plan which defines the overall scope and contains sections on management, organization, technical details and economics. Project planning allows for direction, control, motivation and efficient resource use which helps ensure project success.
This document discusses issues with traditional project management approaches and proposes an alternative approach called Lean Project Management. It argues that traditional approaches focus too much on tasks and activities rather than managing the flows and dependencies between operations. Lean Project Management views a project as a network of operation flows and focuses on managing these flows. Key aspects of Lean Project Management discussed include the Last Planner System for detailed planning and measuring planning reliability through Percent Planned Complete. The document advocates for adopting Lean Project Management approaches to improve project outcomes in the oil and gas industry.
The document provides an overview and introduction to the ePMbook, which is an ebook about project management. It discusses that the ePMbook examines project management issues and approaches in different situations. It also outlines some of the main types of content covered in the ePMbook, including examining the day-to-day activities of a project manager and other conceptual topics. It notes that the ePMbook is intended to be read online and allows nonlinear navigation of the content.
Running Head PROJECT PLAN OUTLINE1Project Plan Outline2.docxcharisellington63520
Running Head: PROJECT PLAN OUTLINE 1
Project Plan Outline
2
Project Plan Outline
FIN 575 / Budgetary Finance
Project Plan Outline
Like any professional team, project management requires a game plan for executing the plan. This paper will create an outline for a special project for the case study of Pontrelli Recycling, Inc. A description of the seven primary planning activities will be introduced. An evaluation of the project execution and alignment to the corporate strategy will be discussed. Finally, an illustration of how project control may mitigate risks for the organization will be given.
Project Charter
The start of any project should include the project charter. The project charter identifies the project scope. These would include “client goals and objectives, specific project goals, and information about the various stakeholders” (Callahan, Stetz, & Brooks, 2007, p. 157).
Project Deliverables
“Deliverables serve as a general term that encompasses the requirements of a project” (Investopedia Staff, 2013, p. 1). In other words, these are the goals and objectives of the organization brought to life. In the case of Pontrelli Recycling, these would be the realization of cost cutting initiatives, the realization of new revenue streams, and enhanced stakeholder value.
Tasks
Tasks are a description of the work that the project team members need to accomplish in order to deliver on the project. These could include a industry survey on the types of equipment used to handle different material streams for recycling or a business process analysis to identify opportunities to enhance process efficiency.
Resources
It would be impossible to deliver a project without identifying the resources needed to complete the deliverables. These would include “personnel (, equipment) and other resources” (Callahan, Stetz, & Brooks, 2007, p. 157). Identifying the resources needed is a key component to accomplishing the project deliverables in an efficient manner.
Estimate of Effort
An estimate of effort is needed to understand the amount and scope of the need from the resources. For example, how many person hours would be needed to accomplish the task of researching the process flows to identify efficiencies in production. This would help to realize the amount of each resource needed to accomplish each task.
Risks and Constraints
Listing the risks and constraints to the project and its resources is important to be identified earlier in the process. This would allow the project team to plan to overcome these if they arise. For example, if personnel assigned to the project become unavailable a contingency plan completed ahead of time may be activated to overcome this risk.
Project Schedule
Creating a project schedule begins with the end in mind. By scheduling the project milestones helps the project manager to assure that the process is on course to meet the project completion date. Additionally, by schedulin.
The key factors that make a project successful are: 1) Experienced project managers and professional project teams, 2) A methodical project management approach, 3) Proper planning, 4) Adhering to best practices, 5) Monitoring and controlling progress, 6) Using professional project management software, 7) Effective communication and change management, 8) Working with committed people, 9) Careful management of risks, and 10) Strong closure of the project. Successful projects are delivered on time, within budget, meet requirements and quality standards, and satisfy stakeholders.
This document provides an overview of a project management training module. The module aims to give participants a good understanding of fundamental project management principles and how to apply them to successfully manage projects. Key topics that will be covered include the PMBOK methodology, triple constraints, risk management, scheduling, budgeting, and stakeholder management. The training will teach participants how to develop realistic plans and deliver projects on time and budget. By the end of the module, participants should understand project management best practices and be able to apply the skills and knowledge gained to tasks in their everyday work.
This presentation provides an overview of project management. It defines a project as a temporary endeavor with a defined start and end, undertaken to create a unique product or service. Project management involves planning, monitoring, and controlling all aspects of a project to achieve objectives on time and within budget. It benefits organizations by providing goal clarity, coordinating resources, identifying and managing risks, and increasing the chances of successful and on-time delivery. The presentation outlines the key phases of project management: planning, scheduling, controlling, and closing. It also discusses common pitfalls and why companies use project management frameworks.
This document discusses the importance of monitoring and evaluation in ensuring successful project completion. It defines monitoring as assessing progress against plans and evaluation as analyzing project effects and impact. The document outlines key roles of monitoring and evaluation such as identifying issues, facilitating decision making, and assessing goals. It also discusses challenges like overreliance on external consultants and not incorporating lessons learned. The document emphasizes that monitoring and evaluation are important project management tools that should be applied appropriately to improve outcomes.
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Running Head PROJECT MANAGEMENT METHODOLOGIES & TOOLS1PROJE.docxtodd581
Running Head: PROJECT MANAGEMENT METHODOLOGIES & TOOLS 1
PROJECT MANAGEMENT METHODOLOGIES & TOOLS 5
PROJECT MANAGEMENT METHODOLOGIES & TOOLS
Mekdes Asaminew
Rasmussen College
05/16/2020
FAQ document
What are project management tools?
These are the instruments which project managers use to plan, execute as well as manage plans in one centralized virtual location. These tools vary from team to team depending on the tasks to be performed in the project. The project management tools include; project management software, real-time instant messaging tool, knowledge base tool and file sharing tool.
What is project management software?
This is computer software which helps the project team members to collaborate during the project, plan all their activities as well as to record all the collected data.
What is a real-time instant messaging tool?
It is a tool that allows team members of a particular project to talk and video call with colleagues in real time. This tool helps improve collaboration of the team members and allows all people to collectively provide their opinions on different matters during carrying out the project.
What is knowledge base tool?
It involves a search database that allows individual to store the combined wisdom of the team members and ensures that the information is accessible to all members
What is a file sharing tool?
It is a tool which allows people to save sync and share files. It ensures that all the documents provided by team members are well stored and easily retrievable for future reference. (Bilal.et.al, 2017)
What are project management methodologies?
Project management methodologies are basically the different techniques which are used to approach a given project; every methodology of project management has its unique process and workflow. They are classified into “traditional or sequential methodologies, agile methodologies, the change management methodologies and process-based methodologies.”
What are the traditional or sequential methodologies?
These are the methods of managing a project which involve a sequence of tasks which lead to the final deliverables and project managers are required to ensure that the tasks are worked on them in a given order. The methodologies classified under this category include;
· Waterfall project management methodology; involves completing a certain task before beginning another task in a linked sequence of objects which adds up to the general goal. It is used in projects that create physical objects like building a computer.
· Critical path method; it involves prioritizing and allocating available raw materials to ensure the most crucial task is done as well as rescheduling lower priority task.
· Critical chain project management; involves a technique for putting main concentration on the needed materials.
What are agile methodologies?
These are project management methodologies which prioritize on shorter iterative cycles and flexibility. They are categorized .
Project management involves producing an end product or change for an organization within a finite timeframe. It requires managing complex work, change, and risks. Project management ensures specification, time management, meeting expectations, start/end dates, budgets, and delegation are considered. Current challenges include unrealistic deadlines, resource conflicts, misaligned objectives, delays, dependency conflicts, poor communication, and lack of accountability. Project management follows five stages: initiation, planning, implementation, review, and closure to move a project from start to finish.
Materdo Rodrigues has over 10 years of experience managing business operations and IT consulting projects. He specializes in business strategy, process improvement, and change management. Rodrigues has led projects that have generated over $5 million in benefits and improved financial metrics like gross profit by 15%. He is skilled in communication, budgeting, and embracing change.
This document discusses project management and the project identification process. It defines a project as having well-defined objectives and timelines. Project management is applying processes, methods, and skills to achieve project objectives on time and on budget. The key steps in project identification are conceiving project ideas from various sources, choosing the right industry, seeking opportunities, and making final decisions. Project management helps define plans, establish schedules, create teamwork, maximize resources, manage costs and risks, and handle changes. It is crucial for completing projects successfully.
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4. For progress in execution of
projects there should be regular
monitoring and feedback.
5. Documentation is a must from
inception of project till its
completion. The documents
become very important as
references for post project
purposes too.
6. Web tools should be used for
project development and
maintenance. These tools should
be scalable, interoperable and
complacent to meet future needs .
7. Budgeting and fund management
is required to be worked out in
advance. Many projects fail just
due to paucity of funds. Funds for
maintenance is also a recurring
phenomenon and has to be
assessed regularly.
8. The whole management in a set up
has to be situation specific. You
cannot plan or manage a scenario
where one-fits-all approach can
work.
9. In case of project or on-going
organisation there should be a
wastage-ban psychology at work.
This helps in cost cutting and
resource efficiency. Heavy penality
may be imposed in case of
violation.
10. The project has specific life.
Equipment has a life and that is
true for organisations too. So a
provision has to be made and
thought of towards replace of the
life expired entity.
11. To be vigilant and alert for
achieving the target and objective
behind a set up there is a need to
establish a regulatory body which
should act as a watch dog on
functioning of the set up e.g
project or organisation or industry.