OR2 - Environment Flashcards
What impacts a project’s context/environment (5)?
-Industry sector
-Geographical considerations
-Virtual teams
-Financial impact
-Effects of technology
Environment (BOK Definition)?
“A collective term for the societal and/or organisational setting of a project, programme or portfolio”
What does PESTLE stand for
P= Political
E= Economic
S= Social
T= Technical
L= Legal
E= Environment
What is PESTLE used for?
-to help examine the external influences on a project
What does SWOT stand for?
S= Strengths
W= Weaknesses
O= Opportunities
T= Threats
What is SWOT used for?
-to help examine the internal influences on a project
What is the difference between SWOT & PESTLE
SWOT - Internal influences
PESTLE - External influences
Types of Questions to be considering about your project?
-What’s the effect on the project?
-Are there any stakeholders & what are their views?
-What are the risks?
-Are there any issues?
-Are there any dependencies?
-What are the constraints?
Considerations for PESTLE - ‘P’ POLITICAL?
-internal politics
-differing agendas amongst key stakeholders?
-how will this affect the project?
-external politics - local vs national government
-will change in the ruling party have an effect on the project?
-do international governments need to be considered?
Considerations for PESTLE - ‘E’ ECONOMIC?
-how will project be funded?
-operational costs?
-are grants available?
-will cashflow & borrowing be affected by contract types?
Considerations for PESTLE - ‘S’ SOCIAL?
-what effect will the project have on society?
-will it bring employment?
-will there be an influx of workers?
-what effect will this have on local residents?
-if the project is undertaken in a different culture, how will this affect the way in which the project will be managed?
Considerations for PESTLE - ‘T’ TECHNICAL?
-is the technology used standard or breaking new ground?
-if new technology is required or developed, what implications does this have on the costs & risks?
Considerations for PESTLE - ‘L’ LEGAL?
-are there any regulatory requirements?
-is a public consultation required?
-is the project affected by local or international laws?
-what are the health & safety regulations?
Considerations for PESTLE - ‘E’ ENVIRONMENTAL?
-will you be building on a site of special scientific interest?
-will the project affect any protected species?
-what about pollution & waste disposal?
-are you building on a brownfield site & what are the environmental considerations?
-will the project generate waste & how will it be disposed of?
