Strategy for project implementation, Project Management

Assignment Help:

A strategy for project implementation

Projects involving  small number  of  activities,  resources,  constraints  and inter-relationship can be visualized easily by the human mind and planned casually. However, the project crosses certain threshold level of size and complexity, informal planning has to be substituted by formal planning. The requirement for formal planning is certainly much greater for project work than the normal operations. Without effective planning, there may be confusion.

Functions of planning:

  • Planning a fundamental aspect of management, serves several significant functions.
  • To allocate responsibilities, organising the project work for the individuals is like a back bone.
  • This is a means of communication and harmonisation between all those involved in the project.
  • People are induced to look ahead.
  • Logic of urgency and timely consciousness are being instilled.
  • It establishes the basis of monitoring and to be under control.

Areas of planning:

  • Plan the project work.
  • Plan the resources and organisation.
  • Plan the money.
  • Plan the information system.
  • Steps in project planning:
  • Project objectives to be set
  • Work activities to be identified.
  • Create project organisation
  • Prepare project schedule.
  • Make budget and resource plan.
  • Prepare forecast of time, work, cost and performance projections.
  • No of contractors to be included in terms of contract.

374_project planning].png

Figure 12.2: Steps in Project planning

Let us now discuss Project objectives and policies:

  • Frequently, the focus of project planning is on questions like who does what and when. Before such operational planning is ready, the objectives and policies guiding the project planning exercise must be articulated. The questions to be answered in this framework here are: What are the technical and performance objectives and goals? Where is the time and cost goals?
  • Vendor management has been a major issue of policy making. The concern here is the extent of work that is given to contractors. Well- defined objectives and policies serve as the framework for the decisions to be made by the project manager. All the way through the life of a project, he has to look for a compromise between the conflicting goals of technical performance, cost standard, and time target.

Related Discussions:- Strategy for project implementation

What are the major characteristics of a project, Question : (a) Organi...

Question : (a) Organizations and individuals have studied a number of projects that have both succeeded and failed and some common factors emerge. Can you give some reasons fo

What are the pros and cons of a pure project organisation, What are the pro...

What are the pros and cons of a ‘pure’ project organisation compared along with a project operating into a matrix structure? A ‘pure’ project organisation comprises into itself

Explain the role of project manager in short, Explain the role of project m...

Explain the role of project manager in short. Project Manager: The project manager is conscientious for the daily management of the project into constraints laid down thr

Production and purchasing management, A) Hierarchical planning in Operation...

A) Hierarchical planning in Operations/Production management and types of time frames in each hierarchy. (B) Explain who role players are in each level and what they are respons

Explain techniques of pert, Explain how the techniques of PERT (Project Eva...

Explain how the techniques of PERT (Project Evaluation and Review Technique), scenario planning and buffering could be used in project management with specific reference to the tim

Explain about the budgeting process in risk management, Explain about the b...

Explain about the budgeting process in risk management. The budgeting process: A budget is a quantified or forecast plan of action. A quantified financial plan of action

Disadvantages of product layout - heavy capital expenditure, Disadvantages ...

Disadvantages of Product Layout - Heavy capital Expenditure This layout requires heavy capital investment in machines and equipment and for providing specialized facilities to

Define the revolution of changing in information technology, Define the rev...

Define the revolution of changing in information technology. Conversely, revolution of changing in the field of information technology has posed some of challenges for various

Concepts of market size, When JF persuaded a leading retail supermarket cha...

When JF persuaded a leading retail supermarket chain to trial her 'home-made' chocolate dessert range she could not have anticipated how well it would sell. Now a year on she has f

Explain role and nature of estimates in project management, Question 1: ...

Question 1: Discuss the major elements required in a project control system and explain how a control system can be developed. Question 2: (a) Explain the role and natu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd