Identification of project aims and objectives
Any individual, group or organisation that is impacted by the operations of an organisation.
Stakeholders
This is created during the planning phase of a project and lists what is needed
Resource Plan
These are the four essential elements: Confirm project priorities, ensure the planning process allows for complete estimates, consider lessons learnt from other projects and do not make the plan fit SMT's wishes for lower cost and time if higher estimates are needed
Accurate estimating and forecasting
Initiation, planning, execution and evaluation are all the phases of this.
Project life cycle
Staff shortages due to sickness, failure in a system that was not anticipated and requires rectifying, and a delay in receipt of materials.
Risks and unexpected outcomes
Reasons for the project, options, expected benefits, risks, costs and timescale are often included in this document
Business case
This is the summarisation of the individual cost elements of a project and it is important to use proper methods when calculating it.
Estimates and costings
This is used for making sure that setbacks and economic issues do not affect the project as much as possible.
Financial contingency plan
The project manager must define the following in this phase: tasks to be carried out, timescales, contingency plans, milestones, resources and endpoint
Planning phase
Impact Matrix
The benefits of using this are: multiple tasks and project management phases are in one location, realistic view of the project and can sequence tasks to avoid overloading staff just to name a few.
Timeline
For a project to be successful, you must have these people engaged and the organisation must have a clear vision for them.
Stakeholders
A measure used to evaluate how well an investment has performed. It is expressed as a percentage that is calculated by dividing the potential income from the benefits by the cost of the project
Return on investment (ROI)
These steps help effectively identify these when running a project: Identification, Recording, Monitoring and Control and Communication
Identifying dependencies
Relates to the monitoring and co-ordinating of the quality used within the project management life cycle by evaluating the processes and procedures that are in place
Quality assurance
Your project aims should be Specific, Measurable, Achievable, Realistic and Time Constrained.
SMART Objectives
These things need to be planned in the requirements of the project. These things can contain: toilets, breakout areas, food and drink areas, health and safety.
Facilities
This is used to calculate the total value at the current time of the expected income generated.
Net present value (NPV)
This is the longest phase of the entire project
Execution Phase
Where the deliverables are compared to the specification or plan, with its focus on detecting and addressing errors or anomalies
Quality control