GR1 - Governance Arrangements Flashcards
Why do organisations need to change?
- New government policies or initiatives (legislation & policies)
- Meeting new standards (new legislation & improving services or products offered)
- Improving competitiveness
- Changes in technology
- Upgrading systems or tools
- Gaining more market share
- Customers’ changing expectations
- More efficient in use of resources
What happens if an organisation doesn’t change?
-it would stagnate…
-could lead to failure
-customers would move on
-it would not meet the relevant standards
-may be penalised
What would need to be changed in an organisation?
-what we work with
-the tools used
-who we use as suppliers
-how we communicate w/ customers, suppliers & other stakeholders
-how organisation is structured
-the organisation’s culture (how we behave, when & where we work)
How do we deliver change in an organisation?
-through projects
What is a Project?
-a unique piece of work, with a start & end point
-specific objectives
-often has a cross-functional team
-have constraints to work around
-have targets to achieve
-enables change
-delivers an output or deliverable
What are the objectives of a project (6)?
-scope
-quality (standards)
-cost
-time (scale)
-risks
-benefits
What is scope (objectives)?
-describes what the project has to deliver & all the work involved in doing it (what will or will not be delivered)
-delivered to stated standard known as ‘quality’
What is quality (objective)?
-the standard we require
-how good does it have to be?
What is cost (objectives)?
-the budget (a constraint)
What is time (objectives)?
-duration of the project (a constraint)
What are risks (objectives)?
-delivering something new/different
-amount of risks prepared to accept dependent on the relative importance of the other objectives of time, cost & quality
Project pyramid objectives…
- Quality
/ \
/ \
/ \
Scope - - / - - safety - \ - - Risk
/ \
Cost ———————– Time
Benefits
What are the benefits?
-the purpose of the work
-benefits usually realised post project (after project ends) when the final deliverables have been handed to customer
-they are outside the scope of a project
Who realises the benefits?
-the business areas concerned will BUT the SPONSOR needs to make sure that happens
-needs to manage the change of the projects’ outputs into every day use
How are benefits achieved?
“Benefits are achieved by the business using the outputs of the project”