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

Classical and neo-classical theory of of organisation, What are the differe...

What are the differences between classical theory and neo-classical theory of organisation? Difference between classical theory and neo-classical theory of organisation: The cl

Discuss the objectives of performance appraisal, Question 1: a) What ...

Question 1: a) What is performance appraisal and discuss the objectives of performance appraisal? b) Elaborate on the different techniques of performance appraisal an

Advantages of quality control system, Reduction in Costs : An efficient qua...

Reduction in Costs : An efficient quality control system reduces the cost of production of the product due to reduction in wastage of raw materials, semi finished and finished good

Factors of quality, Factors of Quality The implications here are tha...

Factors of Quality The implications here are that quality is to be viewed in its totality and not restricted only to the quality of production or products or some aspects

Components of supply chain management, Components of Supply Chain Managemen...

Components of Supply Chain Management Today, it is the basic requirement amongst customers that businesses produce defect-free products to the customer faster and be more consi

Whole healing system and modality, 1)  Compare your chosen Whole Healing Sy...

1)  Compare your chosen Whole Healing System and Modality by considering: a)  When and by who were they 'invented'? b)  How have the therapies changed over time? c)  What

Communication strategy, Communication Strategy: Communication str...

Communication Strategy: Communication strategy, beginners as a concept in the 1980s by communication expert Mary Munter, provides as the basis for all management communic

Projects at times get delayed due to various factors, QUESTION a) Proje...

QUESTION a) Project management activities are carried out in a planned manner. List the distinguishing characteristics of a project? b) During project management meetings, t

Assessing Infrastructure Project-Related Risks, The Three Gorges Dam is pot...

The Three Gorges Dam is potentially one of the largest, if not the largest infrastructure projects completed in the 21st century. Clearly, there were a number of key risks that the

Take the company to the next stage of its growth, The Board of PCC Company,...

The Board of PCC Company, which operates in the investment and risk management industry, has explained that in order to 'take the company to the next stage of its growth' there wil

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