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    Project Steps- Unit 1

    Uploaded by

    Ley Jero
    MBA

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Project Steps- Unit 1

    Uploaded by

    Ley Jero
    10 views12 pages
    MBA

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

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    MBA

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    10 views12 pages

    Project Steps- Unit 1

    Uploaded by

    Ley Jero
    MBA

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 12

    Phases/ Lifecycle

    of a Project
    a. Project Initiation
    b. Project Planning
    c. Project execution
    d. Project monitoring
    e. Project Closure
    Project Initiation
    • Defining the goal
    • Stakeholders
    • Who will Fund
    • Resources
    • Objectives
    • Team
    Steps
    • Conduct a feasibility Study (Problem Identification)
    • Create a business case and define the project at a high level-
    Summary of advantages, costs, risk
    • A project charter (documents) that outlines the vision,
    Objectives and goals of the project
    • Identify the high level scope of the product/ define the
    product/ service to be delivered
    • Identify key stakeholders
    • Last, assemble the project teams and establish a project office
    Project planning
    • After getting green signal
    • Creating a project roadmap
    • Using Gantt chart software
    • Answers: how, when, what
    Steps
    • Team leadership- collective goal
    • Create tasks- what to do, criteria for each task
    • Task briefing- explaining to team
    • Client management- ensuring client management
    • Communications- informing/ updating the right
    people, at the right time through the right channel
    Steps
    • Create a Project management plan (WBS)
    Project Execution Phase
    • Execution of Project plan
    • Resource onboard
    • Grouping
    • Meeting/ reviews/ project tracking
    • Managing team
    Steps
    • Create a financial plan
    • Create a resource plan
    • Create a quality plan (quality targets and measures)
    • Create a risk plan (possible risks, assumptions, issues,
    mitigation plans
    • Create a acceptance plan (difference between done and
    delivered)
    • Create a communication plan
    • Create a procurement plan (finding third party suppliers)
    Project Monitoring and Controlling Phase
    • Collecting and Analyzing data from timesheets
    • Track and compare progress
    • Budget usage
    • Time allocation
    Steps
    • Cost and time management
    • Quality management
    • Risk management
    • Acceptance management
    • Change management
    Project Closure Phase
    • Post project review meeting
    • Strength and weakness of the project
    • Did expectation match reality?
    Steps
    • Project performance analysis- estimation match,
    accuracy, management
    • Team analysis- team performance analysis
    • Project closure- document to end this official
    contract, closing supplier agreement, signing off
    contract
    • Post- implementation review- formal analysis of
    successes and failure, learned lesson.

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