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.