Project management Summary
• A business case helps decision-makers to answer the question "should we do
this project or not."
The feasibility study helps decision-makers to answer the question “are we
able to do this project or not.”
The format of communication is not relevant until both the business case and
feasibility study are approved.
•
f the business case is approved, then the next step is to take the proposed
solution and answer the question "now that we want to do this, is it actually
possible?"
The feasibility study does a more in-depth analysis of the proposed solution and
checks that we can actually do it.
The TELOS model is a framework that explains the five dimensions of feasibility:
1. Technological feasibility
2. Economic feasibility
3. Legal feasibility
4. Organizational feasibility
5. Scheduling feasibility
A project charter is created to detail the project's scope and objectives, as well as the
roles and responsibilities of key project members.
It is important to note that this is a very short document, typically one-page in length.
Project members need to quickly be able to determine that the project has been
authorized, what the key objectives are, and who has the authority to make decisions.
For this reason, a one-page document helps people quickly access this information.
The BOSCARD model acronym is used as a checklist to ensure that strategy
documents include the following key elements:
◦ Background
◦ Objectives
, ◦ Scope
◦ Constraints
◦ Assumptions
◦ Risks
◦ Deliverables
• The following are benefits of Gantt charts:
◦ They show a visual representation of project progress
◦ They display task dependencies
◦ They show project milestones
•
However, Gantt charts are merely visual depictions of a plan.
If the plan is inaccurate, then the Gantt chart will be inaccurate.
Displaying information in this way is no guarantee of its accuracy.
As we have seen previously, the project management lifecycle has five phases:
initiating, planning, executing, monitoring, and closing.
• `During the initiating phase, the project has the necessary approvals from
executive decision-makers.
• During the planning phase, the necessary project plan has been created and
approved.
• After this, the executing phase and the monitoring phase happen concurrently.
Executing and monitoring happen concurrently.
Once the project plan has been created and approved, it is the job of the project
manager to ensure that the tasks in the project plan are completed and that progress
continues at the planned rate!
• A business case helps decision-makers to answer the question "should we do
this project or not."
The feasibility study helps decision-makers to answer the question “are we
able to do this project or not.”
The format of communication is not relevant until both the business case and
feasibility study are approved.
•
f the business case is approved, then the next step is to take the proposed
solution and answer the question "now that we want to do this, is it actually
possible?"
The feasibility study does a more in-depth analysis of the proposed solution and
checks that we can actually do it.
The TELOS model is a framework that explains the five dimensions of feasibility:
1. Technological feasibility
2. Economic feasibility
3. Legal feasibility
4. Organizational feasibility
5. Scheduling feasibility
A project charter is created to detail the project's scope and objectives, as well as the
roles and responsibilities of key project members.
It is important to note that this is a very short document, typically one-page in length.
Project members need to quickly be able to determine that the project has been
authorized, what the key objectives are, and who has the authority to make decisions.
For this reason, a one-page document helps people quickly access this information.
The BOSCARD model acronym is used as a checklist to ensure that strategy
documents include the following key elements:
◦ Background
◦ Objectives
, ◦ Scope
◦ Constraints
◦ Assumptions
◦ Risks
◦ Deliverables
• The following are benefits of Gantt charts:
◦ They show a visual representation of project progress
◦ They display task dependencies
◦ They show project milestones
•
However, Gantt charts are merely visual depictions of a plan.
If the plan is inaccurate, then the Gantt chart will be inaccurate.
Displaying information in this way is no guarantee of its accuracy.
As we have seen previously, the project management lifecycle has five phases:
initiating, planning, executing, monitoring, and closing.
• `During the initiating phase, the project has the necessary approvals from
executive decision-makers.
• During the planning phase, the necessary project plan has been created and
approved.
• After this, the executing phase and the monitoring phase happen concurrently.
Executing and monitoring happen concurrently.
Once the project plan has been created and approved, it is the job of the project
manager to ensure that the tasks in the project plan are completed and that progress
continues at the planned rate!
