Week 6 Flashcards
Important
Define a business case
What is a plan
The goals and objectives to be achieved and how to achieve the goals and objectives (build-method).
Resources: The people, material and equipment (execution strategy).
Budget: The funds available.
Activities: The sequence of activities with details of time, cost and quality (Critical Path Method).
Why?
purpose of the project and includes a definition of the problem, need or opportunity.
-This is developed in the statement of requirements and the business case.
What?
the project’s objectives, a description of the project charter, scope of work, the deliverables and their acceptance criteria and verification.
- takes into consideration the project’s constraints (internal and external) assumptions and dependencies.
When?
-defines the time scales, including the schedule (CPM and Gantt Chart) milestones and deadlines.
- Tight time scales might have an impact on ‘how much’
Where?
-geographical location(s) of where the work is planned to take place.
-This could be the head office, the design office, the factory, on site or outsourced overseas.
-The location has an impact on communication, resources, equipment, logistics, schedules and costs.
Who?
-description of the organisation structures and team structures that are used to manage the scope of work.
-description of the key project roles, duties, responsibilities and authorities and as plan to balance resource availability with the workload.
How-To?
-the project methodology or proje
-the build-method for assembling the project and the configuration management to confirm the project will perform as required.
How-Much?
estimating process and the project budget.
Business Case
-is the selected solution to address the corporate requirements.
-The business case is owned by the project sponsor or programme manager and seeks to justify corporate expenditure as a means of realising benefits for the company.
-the project sponsor is responsible for implementing the business case and realising benefits for the company.
-a formal document or verbal value proposition that outlines the justification for commencing a project or undertaking a specific task.
Statement of Requirements
what the company needs to do to stay in business and maintain its competitive advantage. It also identifies opportunities for the company to exploit to help achieve the long-term corporate vision.
Project Charter
- The project charter follows the business case as it translates the business case into project objectives and outlines how they can achieve the business case (configuration) and how they can be produced (build-method).
- The project charter is the document that officially formalise the existence of a project and gives the project an identity (name and number), a budget, and assigns authority to use company resources.
Feasibility Study
The project feasibility study follows the project charter. It confirms it is feasible to achieve the business case within stated constraints and assumptions, and the project’s terms of reference. The feasibility study considers the project from the perspective of the sponsor, programme manager, project manager and operations manager.
Scope Management Plan
The scope management plan outlines the work to make the project and, just as importantly, what work is not included, in order to meet the stated objectives. The WBS (work breakdown structure) is one of the key scope planning tools used to subdivide the scope of work into manageable work packages which are easier to estimate, plan, assign and control.
Build-Method
The build-method plan outlines how the project will be manufactured or assembled using the available resources, equipment and schedule constraints. For example, an office block construction build-method will consider the position of the site office, 5h3 position of the scaffolding and cranes, and the storage of the materials.
