wellcoveted.com wellcoveted.com
   Index >> About Us >> Privacy Policy >> Terms & Conditions >> Add Url >> Add Article
Search:   
Add Url
 

Government & Politics

Health & Hygiene

Employment & Careers

Banking & Finance

Food & Recipe

Automotive

Home & Garden

Children

Society & Issues

Property & Estate

Malls & Shopping

Healthcare & Medicine

Recreation

Travel & Accommodation

Sports & Adventure

Business & Commerce

Self Enhancement

Education & Reference

Art & Culture

Lifestyle & Fashion

Internet & Computers

Online & Board Games

News & Events

Technology & Science

 

Index › Business & Commerce › Leadership & Supervision
 

Project Management Success with the Top 7 Best Practices

 
Author: Simon Buehring
 

Managing a project can be daunting. Whether planning your wedding, developing a new website or building your dream house by the sea, you need to employ project management techniques to help you succeed. I'll summarise the top 7 best practices at the heart of good project management which can help you to achieve project success.

Define the scope and objectives

Firstly, understand the project objectives. Suppose your boss asks you to organise a blood donor campaign, is the objective to get as much blood donated as possible? Or, is it to raise the local company profile? Deciding the real objectives will help you plan the project.

Scope defines the boundary of the project. Is the organisation of transport to take staff to the blood bank within scope? Or, should staff make their own way there? Deciding what's in or out of scope will determine the amount of work which needs performing.

Understand who the stakeholders are, what they expect to be delivered and enlist their support. Once you've defined the scope and objectives, get the stakeholders to review and agree to them.

Define the deliverables

You must define what will be delivered by the project. If your project is an advertising campaign for a new chocolate bar, then one deliverable might be the artwork for an advertisement. So, decide what tangible things will be delivered and document them in enough detail to enable someone else to produce them correctly and effectively.

Key stakeholders must review the definition of deliverables and must agree they accurately reflect what must be delivered.

Project planning

Planning requires that the project manager decides which people, resources and budget are required to complete the project.

You must define what activities are required to produce the deliverables using techniques such as Work Breakdown Structures. You must estimate the time and effort required for each activity, dependencies between activities and decide a realistic schedule to complete them. Involve the project team in estimating how long activities will take. Set milestones which indicate critical dates during the project. Write this into the project plan. Get the key stakeholders to review and agree to the plan.

Communication

Project plans are useless unless they've been communicated effectively to the project team. Every team member needs to know their responsibilities. I once worked on a project where the project manager sat in his office surrounded by huge paper schedules. The problem was, nobody on his team knew what the tasks and milestones were because he hadn't shared the plan with them. The project hit all kinds of problems with people doing activities which they deemed important rather than doing the activities assigned by the project manager.

Tracking and reporting project progress

Once your project is underway you must monitor and compare the actual progress with the planned progress. You will need progress reports from project team members. You should record variations between the actual and planned cost, schedule and scope. You should report variations to your manager and key stakeholders and take corrective actions if variations get too large.

You can adjust the plan in many ways to get the project back on track but you will always end up juggling cost, scope and schedule. If the project manager changes one of these, then one or both of the other elements will inevitably need changing. It is juggling these three elements - known as the project triangle - that typically causes a project manager the most headaches!

Change management

Stakeholders often change their mind about what must be delivered. Sometimes the business environment changes after the project starts, so assumptions made at the beginning of the project may no longer be valid. This often means the scope or deliverables of the project need changing. If a project manager accepted all changes into the project, the project would inevitably go over budget, be late and might never be completed.

By managing changes, the project manager can make decisions about whether or not to incorporate the changes immediately or in the future, or to reject them. This increases the chances of project success because the project manager controls how the changes are incorporated, can allocate resources accordingly and can plan when and how the changes are made. Not managing changes effectively is often a reason why projects fail.

Risk management

Risks are events which can adversely affect the successful outcome of the project. I've worked on projects where risks have included: staff lacking the technical skills to perform the work, hardware not being delivered on time, the control room at risk of flooding and many others. Risks will vary for each project but the main risks to a project must be identified as soon as possible. Plans must be made to avoid the risk, or, if the risk cannot be avoided, to mitigate the risk to lessen its impact if it occurs. This is known as risk management.

You don't manage all risks because there could be too many and not all risks have the same impact. So, identify all risks, estimate the likelihood of each risk occurring (1 = not likely, 2 = maybe likely, 3 = very likely). Estimate its impact on the project (1 - low, 2 - medium, 3 - high), then multiply the two numbers together to give the risk factor. High risk factors indicate the severest risks. Manage the ten with the highest risk factors. Constantly review risks and lookout for new ones since they have a habit of occurring at any moment.

Not managing risks effectively is a common reason why projects fail.

Summary

Following these best practices cannot guarantee a successful project but they will provide a better chance of success. Disregarding these best practices will almost certainly lead to project failure.

 
 
 

Related Articles

 
Simple Steps for Starting Your Home Based Business.
 
It?s never been easier to lose money starting an Internet business
 
Catapult Your Business-How to Get Customers to Chase You Instead of the Other Way Around
 
How to Work at Home by Becoming Self-employed
 
Launch a New Business on Any Budget
 
Mortgage Sales: Overcoming Objections
 
Know Your Business! - 7 Key Questions You Must Ask
 
How to Find Participants for a Trial Run
 
3 Reasons Why Every Business Needs A Newsletter
 
It??s Classified ?C How To Utilize Free Classified Ad Sites To Boost Business
 
 
 
 

What is Holding you Back?

Some funny thougts about the new year and how to succeed in 2006 - Andreas Obermueller
 

Affiliate Marketing Programs: Join The Ranks Of The Super Affiliates

Affiliate programs are the perfect way to optimise your website and to subsidise any income. Dependi ... - Blake Stevenson -
 

Selecting Affiliate systems that Work

There are thousands upon thousands of different affiliate programs available to you across the world ... - Eric White
 
 

A short evaluation of the effect role playing games have on the formation of social networks

I will look briefly at how the formation of social networks differs between those people who play ro ... - Joshua Swanson
 

Marketing in Business and Commerce in the New Consciousness

I sense that you are still feeling a little separated from your customers. You are shifting your foc ... - George Lockett
 

Small Business Start Up Loans

Small business startup loans are usually given in the form of term loans. Term loans, also referred ... - Thomas Morva
 

Outbound Call Center Services

While inbound call center services attend to the enquiries of company customers, outbound call cente ... - Damian Sofsian
 

Involve Your Audience

The best ads don??t talk at the audience, and they don??t talk down to them either. In fact, the ver ... - Jeff Berney
 
 
Index >> Privacy Policy >> Terms & Conditions  
Copyright © 2008 www.wellcoveted.com All Rights Reserved.