module 2 - pre-project work

Project Management Phases

  • Pre-Project Work: Initial phase to define the scope and objectives of the project.

  • Initiation: Formal start of the project, including stakeholder identification and project charter approval.

  • Planning: Detailed planning phase where project scope, timelines, resources, and budget are established. Important for aligning project goals with organizational strategies.

  • Executing: Implementation of the project plan, mobilizing resources and stakeholders, and executing the project deliverables.

  • Closing: Final phase of the project which includes formal closure, evaluation of project results, and documentation of lessons learned.

  • Monitoring & Controlling: Continuous tracking of project progress to ensure that project milestones are being met and adjustments are made as necessary.

  • Post-Project Work: Activities after project completion that include analyzing project outcomes and integrating them into organizational processes.

Strategic Analysis and Project Origination

  • Strategic Analysis: Examining internal and external factors affecting the organization to inform project decisions.

    • Choose Strategies: Selecting suitable strategies based on the analysis, aligning with organizational goals.

    • Business Objectives: Defining clear objectives that the project seeks to achieve.

    • Project Implementation: The execution phase where projects are carried out in line with the strategic plan.

    • Measure and Evaluate Performance: Assessing the success of the project against the defined objectives using key performance indicators (KPIs).

  • Vision and Mission: Establishing the overarching goals and purpose of the organization which guides project selection.

  • Where Do Projects Come From?: Projects typically stem from strategic initiatives aimed at achieving business objectives or responding to opportunities or challenges.

  • The Strategy Cycle: A conceptual framework illustrating how strategy informs project development and execution.

Feasibility Analysis

  • Feasibility Analysis: Comprehensive evaluation to determine the viability of a project.

    • Technical Feasibility: Assessing if the technology needed is available and accessible.

    • Financial Feasibility: Evaluating the cost-effectiveness and financial implications of the project.

    • Operational Feasibility: Analyzing the organizational and operational capacity to carry out the project.

    • Organizational Feasibility: Reviewing how well the project aligns with the organization's structure and culture.

  • Tangible vs Intangible Costs and Benefits: Differentiating between measurable financial impacts (tangible) and non-measurable or influential aspects (intangible).

  • Current Gap: Identifying the difference between current performance and desired goals.

  • Future Business Case: Justifying the project's existence based on anticipated future benefits and returns.

  • Project Phases: Similar phases as outlined in Page 1 including initiation, planning, executing, closing, monitoring, controlling, pre-project, and post-project work.

SMART Objectives

  • Specific: Objectives should be well-defined and clearly articulated.

  • Measurable: Establishing quantifiable criteria for assessing progress and success (quantities, percentages, etc.).

  • Achievable: Setting realistic goals based on available resources, timeframes, and budget constraints.

  • Relevant: Ensuring objectives align with broader organizational goals for stakeholder engagement and sponsorship.

  • Time-based: Setting a realistic timeline for achieving each objective, establishing deadlines.