IT Projects starts from a project charter which once created lists projects goals or need or identification of a problem. Next step is project planning where I as Project Manager would work with project team to plan on the next steps for successful delivery and deployment of the project. Once the project is kicked off I would work with the teams as per the project plan to create the deliverables as need be for the project. During the project execution I would also monitor and control the various factors for the project such as project timelines, project financials, scope of work, quality, risk, etc. Once all the different phases of projects are successfully executed and at the end of the project, project closure takes place with alignment to …show more content…
Project scheduling is defined based on project tasks, deliverables and project deadline. I would work with project team to have estimates for the tasks with duration and create project timelines along defined priorities of project tasks. Various estimation processes such as Cosysmo, function point, Program Evaluation and Review Technique, etc. can be used to come up with estimates for the requirements of the project.
The project cost is calculated based on Internal and External labour efforts and other expenses such as software licence, professional services, training needs, travel and hardware/other materials required for the project. It helps in getting the budgets approved from the management and project sponsor. Cost/Benefit analysis helps a lot to understand the strength and weaknesses of proposed solutions, functional business requirements or investments in the project to help justify the project spend and alignment to IT project goals as per the organisation
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This is very much critical for evolving software product and customization required on the product.
To facilitate the project manager in various tasks related to project management there are many tools available. These can be from Project Management Plan, centralized team communication/emails, defect/issue logging, workflow management tools, etc. Using these tools help the project manager track the progress of various activities along with documenting the required artefacts needed during the lifecycle of the project.
Throughout the project lifecycle communication with all relevant stakeholders is very important and project manager comes up with communication plan and statuses to ensure right information is shared with the right team at the right time. Project reports can be used as a platform to help communicate to the teams on the heath of the project along with reporting any key risks/issues to be brought to the teams notice and next steps on the project action. Reporting can vary from Steering Committee presentations to weekly status reports to weekly/adhoc meeting reports. All would have a specific usage in the effective message/information to be sent/shared to required
was based on estimation, cost control, contracts and procurement. This class was very important for me as I got to know about gantt charts, logic diagram, price of estimate, Project Risk, Payback Period and risk analysis. Gantt chart is a graphic display of the output on a time scale. It also shows the amount of work done or production completed in certain periods of time in relation to the amount planned for those periods. I also came to know that Senior management must create a corporate culture that supports project management and demonstrates faith in the methodology. If this is done successfully, then project risk can be prevented. I also understand the importance of payback period. payback period is the exact length of time needed for
For more than 25 years, The Little Black Book of Project Management has been introducing project managers to the incredibly effective and logical project management skill and methods to help them achieve their goal. This book has been flooded with very nee project management techniques as well as the latest standards of the Project management body of Knowledge (PMBOK) .accepted by PMI (Project Management Institute).
Lewis, J. P. (2011). Project planning, scheduling, and control: A hands-on guide to bringing projects in on time and on budget (5th ed.). New York, NY: McGraw-Hill.
The project management is a skill to apply the functions correctly which measures the outcome of the project, the more the skill the nice the outcome will be. This comes through experience and having a proper knowledge of some of the functions like
Cost-benefit analyses help us to decide whether to undertake a project or decide which of several projects to undertake, look at the objectives of the project, identify before and after actions of the success of the project and look at the estimates of the resources required to carry out the project.
There are several projects made by different companies. There are several types of projects which include the software development that is made by the companies in order to improve their systems and provide the better services to the customers. The construction of the building or the bridge is also the examples of the projects. The project management is the process that helps to manage the project and provides different techniques to the individuals in order to successfully complete the tasks. The project management is responsible for the project from the starting of the project until the end of the project.
Joseph Phillips’ article “Project Management Definition and Solutions” published on cio.com explains the basic principles of IT project management and why IT projects fail. All temporary ventures taken to create unique services or products, also known as projects, travel in the five phases that make up the project management lifecycle. These phases are: (1) initiating, (2) planning, (3) executing. (4) monitoring and closing, and (5) closing (Phillips, 2014).
Project managers must take cost estimates seriously if they want to complete software projects within budget constraints. After developing a good resource requirements list, project managers and their software development teams must develop several estimates of the costs for these resources. There are several different tools and techniques available for accomplishing good cost estimation.
Time, cost and quality constraints relating to project management are interdependable and mutually exclusive. Hence a company should have a well-planned project scheduling to enjoy the fruits of time and cost related benefits. Scheduling hones the productivity and performance of an organization through customized management [2].
Cost Analysis is an aspect of estimation that applies both formally and informally to the aspect of costing. Cost analysis is a formal discipline used to help appraise, or assess, the case for a project or proposal, and is an informal approach to making decisions of any kind. It is ultimately an economic tool to aid in logical decision making. In the case of construction cost estimates, the next step would be the cost analysis process. The sole purpose is to determine if the completed estimates are reasonable. Usually comparisons are made with similar projects done in the past to see if the number are within the same vicinity of each other. Though the estimates may differ from case to case, if the cost estimate is significantly higher or lower than the normal ra...
At the beginning of any project, a project manager along with the management team will create an estimate of time and costs, which will lead to the initial approved budget amount. As most project managers know, "Past experience is a good starting point for developing team and cost estimates.
Large or complex projects in big company often require some sort of leadership. In this case, by introducing traditional project management tools are obviously important for project leaders like Kent Black since the methods and tools that project leaders use can be helpful for
Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan
The first and most crucial step is to create a solid plan. Plan should include the techniques, tools and data that are going to used in the project. The responsibilities of all the members should be distributed at this step. The utilization of resources and budgeting of the project should be done here. Management tools such as probability and Impact Matrix, FMEA are useful at this point.
The importance of project management cannot be overstated. For starters it is important that project management provides a flexibility and structure. Project management creates flexible and well-structured business organizations by combining two organization needs perfectly. The organizational needs are determined by making the organization adaptable due to constant changes in the business, secondly organization is extremely important for creating structure. What is most important is that