Project Management is easy to talk about but very serious to apply to any job. The process is closely related to scope of work, duration, finance, cost and quality. Without having ideas what the facts are, there is no good management.
Especially for governmental projects the finance and quality factors are lacking. That s the main reason why the emerging markets suffer and deal with corruption at large.
3. PROJECT MANAGEMENT FACTS
Project Management;
Is a process of directing human resources to coordinate material
resources within a frame of all details come across in a project
phase.
The process is closely related to scope of work, duration, finance,
cost and quality.
Main principles are concentrated on project planning, job
estimating and controlling of work activities to obtain a
predetermined results on best scheduling, good timing, staying in
budget and reach high level of production out of the given
specification.
Not a curing pill to swallow and settle all the things.
Need detailed and intensive work to create the best practice for
each different project.
4. PROJECT MANAGEMENT FACTS
Project Management Milestones
Requirements-priorities, workload, transition
Evaluation-project goal, objectives
Selection-methodology, process, implications
Installation-directives, guidelines, specifications
Training-information transfer, education, development
Documentation-manuals, work book
Technical Support-supervision to installation, start up
6. PROJECT MANAGEMENT FACTS
FEASIBILITY STUDY (2)
Potential profit-pay back scenario
Application-formalities, bureaucracy
Resources-capital, cash flow, credits
Participation-team members
Authorities-permits, local regulations
Accountabilities-experience, loyalty
Roles and responsibilities-governing body
Concepts-design features
Alternative approaches-B plan or even C plan
Opposition to change caused by new technology
7. PROJECT MANAGEMENT FACTS
FEASIBILITY STUDY (3)
Preliminary schedule-check what is available in hand
Cost estimate-threshold
Action plan-detailed descriptions with alternatives
Implementation-select the model
Controls-check points
Monitoring-follow up
Reporting-be realistic
Market potential-check competitors
Competitive efforts-find something attractive
Performance weight and target costs-accounting
8. PROJECT MANAGEMENT FACTS
FEASIBILITY STUDY (4)
Design possibilities
Cost/benefit analysis
Staffing
Risks
Environmental impacts
Social impacts
Value relative to other projects
Project execution planning
Financial assessment
Investment
Incomes
9. PROJECT MANAGEMENT FACTS
TECHNICAL
Preliminary schedule
Market potential
Marketing factor
Competitive efforts
Concepts
Design possibilities
Cost estimation
Action plan
Environmental impacts
Project execution planning
Application
Value relative to other projects
Develop strategy for resources and priorities
Experience in similar size of projects
10. PROJECT MANAGEMENT FACTS
FINANCIAL
Potential profit
Investment
Incomes
Operating costs
Working capital
Financing
Inflation and tax rates
Benefits
Resources
Accountabilities
Performance weight and target costs
Rate of return
11. PROJECT MANAGEMENT FACTS
ADMINISTRATION (1)
Selection criteria
Rankings/ratings
Stages
Authorities
Roles and responsibilities
Alternative approaches
Changes due to new technology
Implementation
Controls
12. PROJECT MANAGEMENT FACTS
ADMINISTRATION (2)
Monitoring
Reporting
Good conduct
Staffing
Risks
Social impacts
Define responsibilities for each committee member
Set goals
Legal regulations