importance of project management · importance of project management importance of project...
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Importance of Project Management
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Importance of Project Management
Project Planning
2
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Project management is a process designed to
guide the control and execution of a project.
It’s the key to a successful project and is the
most important thing that needs to be
considered when starting any business project.
Importance of Project Management
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• Sets expectations on what needs to be delivered
• Helps you define what activities need to be performed to get to your goals
• Helps you to identify and efficiently allocate resources
• Helps you to more effectively manage costs of a project
• Helps to you respond to any encountered changes more effectively
• Helps to you share progress updates with your team and clients
Importance of Project Management
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• A method for organizing tasks
• A structured framework to help a group work productively
• Tools to aid in task sequencing, dependency analysis, resource allocation,
scheduling, etc.
• Tools to track progress, costs, and the timeline relative to plan
What is Project Management/Planning?
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• Projects can be complex and typically need coordination of:
– Multiple resources
– Multiple tasks – some must precede others
– Multiple decision points – approvals
– Phased expenditure of funds
– Matching of people/resources to tasks
– Have critical timelines for completion
Why Do You Need Project Management?
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• Better control of financial, physical, and human resources
• Improved customer relations
• Shorter project delivery times
• Lower costs
• Higher quality and increased reliability
• Improved productivity
• Better internal coordination
• Higher worker morale (less stress)
Why Do You Need Project Management?
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An Old Adage:
Fail to Plan . . .
and You Plan to Fail!
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• High-level summary of the project
• Sets the overall scope
• Clearly written to communicate
• Team leader responsibility
• Critical to get this right!
Stage One: Project Overview
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What’s In a Project Overview?
• Statement of Problem (or Opportunity)
• Goals and Objectives
• Measures of Success
• Approach, Process, and Timing
• Assumptions and Risks
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Goals and Objectives
Goals and objectives describe what we want to achieve to solve the problem or take advantage of the opportunity
– Keep them simple
– Focus on the important items
– Collectively, they define the scope
– They must be measurable for success
– Clearly written
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Goals and Objectives - Use the SMART Test
S – Specific
M – Measurable
A – Attainable
R – Relevant
T – Time-Based
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Measures of Success
• Our desired results that can be quantified
– Numbers, frequency, degrees of change
• Avoid intangible measures
– Make it “better”
• Superlatives can be hard to achieve!
– Avoid use of “all” or “never”
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Approach, Process, & Timing
• Describe how we will go about our work – what will we do?
• Define the schedule you will follow
• Consider how success was achieved in similar projects
• For a new project – be creative!
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Assumptions and Risks
• We need to consider the things we expect to happen, and the “what ifs”
• Assumptions
– Things we believe will happen
– Things needed to be true for success
• Risks
– Undermine success
– Actions can be planned to offset risks
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Assumptions and Risks
Might Include:
• Resources needed
• Timing of resources
• Events outside our control
• Potential delays and their effect
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Stage Two: Activity Plan
• Define the activities and tasks needed to achieve our goals
• Organize & prioritize activities and tasks
• Identify which tasks depend on others
• Assign team members to activities
• Define dates to begin and finish
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Activity Plan
Goal
Activity Activity Activity
Task
Task
Task
Task
Task
Task
Task
Task
Task
Task
Task
Task
Task
Task
Task
Task
Activity
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Project Activities and Tasks Should
• Pass the “SMART” test
• Have clear start and stop times
• Include estimated time and cost to complete
• Be assignable and manageable
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“If you keep on doing what you’ve
always done . . .
. . . You will keep on getting what
you’ve always got.”
• We must challenge assumptions
• We must think outside the box
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Stage 3: Assign Activities
Team Leader Should -
• Confirm availability of resources
• Understand team member skills
• Match skills to tasks
• Establish progress milestones and reporting
procedures
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Assign Activities
Team Members Should -
• Know project’s purpose
• Understand their assignments
• Know the availability of resources
• Be clear about deadlines
• Understand how to address issues
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Stage Four: Putting the Plan Into Action
• Now is the time to let the team do its job!
• Staying to the plan is the clearest path to success!
• A well-laid plan will help ensure a team is performin’ . . . not stormin’!
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• Get the project going
• Provide leadership to the team
• Assist with decisions & problems
• Obtain additional resources
• Monitor progress of activities
• Monitor team performance
Work the Plan
The Leader Should -
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• Recognize team members
• Prepare After-action report
– Goals and objectives met?
– Completed on schedule?
– Lessons learned?
– Ideas/recommendations for future projects
Stage Five: Closing Out the Project
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1. Develop a Project Overview
2. Plan the Work
3. Make Activity Assignments
4. Put the Plan into Action
5. Prepare Project Closeout
5 Stages in Project Planning
Summary
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Summary
A Different Adage:
If you plan the work . . .
. . . you plan for success!
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