Module 2 Flashcards
Decribe strategic considerations of project planning
- firms have expertise in specific env areas
- if opportunities arise in other areas the firm must decide if it can/wants to develop expertise
- it may be beneficial for firm to focus on areas where they have expertise
- it may be beneficial for a firm to take project where it doesn’t have expertise to develop it
Explain profit considerations in project planning
- assessing if a strategic project is likely to make profit for firm
- based on similar projects
- sometimes take project that won’t likely make profit to gain expertise
- early stage of planning
Describe project planning
- planning changed through project
- incorporates project definition and planning
- identify stakeholders
- deliverables
- plan execution of project
What planning is involved in project definition
- identify stakeholders
- set objectives
- define scope
- define project deliverables
- define project constraints
- define project risks
What is the result of the project definition phase of project planning
A project definition document which provides a written account describes exactly what the project is intended to accomplish
-project can be agreed and approved by stakeholders
What is a stakeholder
- person or organization that is actively involved in the project or whose interests may be + or - affected by execution or completion of the project
- may exert influence over project or deliverables
What are the main stakeholder groups in env projects
-gov
-regulators
-public
-the proponent
-
Explain the government as a stake holder in the fuel co example
The gov has a responsibility to protect public interest.
- source of information about best practice
- set regulation
They are also a stakeholder because if the guidelines change for hydrocarbon contaminated sites over the course of the project it could impact the project
Explain the public as a stakeholder in the fuel co example
A number of the public could be very impacted by the project.
- gw could become contaminated
- often motivated by their interest in their health
- they usually want all contamination removed
- pm should creat strategies for dealing with public interest-group
Explain fuel co (Robert and June) as a stakeholder in the fuel co example
- motivated to find the site free of contamination
- pm much understand their motivation since they can influence the project heavily as the client
Explain the env consulting company as a stakeholder in the fuel co example
-motivation is to produce a defensible report
-and to earn profit
-
What are the 5 components of effective(smart) objectives?
- specific
- measurable
- aligned
- realistic
- time limited
What is the purpose of objectives?
To define, document. And clarify the purpose of the project for all stakeholders (including pm and project team)
What does s mean in the smart acronym
Specific
- identify exactly what will be completed and delivered by the project
- when those activities will be completed
- where they will be completed
- how they will be
- who will complete it
What does m mean in the smart acronym
Measurable
- specific details against which actual events can be measured
- measuring is the only way to determine whether the project has achieved its objectives and the pm has done a good job
