Why did I choose this resource?
I chose this resource to understand what is involved in delivering a project and how best to do it.
What did you learn from it?
I learned the importance of project delivery and how to create a control plan that will give me a clear idea of each component of the project. I also learned some of the largest obstacles of delivering a project and how to overcome them by using certain planning tools.
- Projects, Programs, and Portfolios
- Projects are a set of actions formulated to complete a certain goal; all have a time frame and resources assigned.
- Programs are made up of multiple projects that are connected to complete a certain goal
- Portfolios are multiple projects or programs that are using the same group of resources
- All are:
- “Activity-based” – progress forward as tasks are completed
- “Resource-based” – limited to a certain number of people, money, and tools
- “Benefits-based” – intended to complete certain outcomes or changes
- Four stages of project deliver:
- Business case development
- Project delivery planning
- Project delivery
- Benefits delivery – A project is successful when the promised benefits come to fruition
- Create an Overall Control Plan by using the 3 following planning tools. This will create a precise continuing view of the entire project.
- Project Business Plan
- Project’s sponsors, benefits, and business change
- Relates the project to the company’s purpose, creates a strong relationship
- Outlines how the project manager and project sponsor will work together
- Project Setup Plan
- Type, scope, funding, and project team
- Monitor and support the project team, motivate with a clear purpose
- Only undertake necessary projects, complete all promises, stay in or under budget
- Money is on everyone minds!
- Create a plan everyone involved can understand and follow
- Lack of planning can lead to a failed project
- Project Control Plan
- Risks, review process, and contracts (internal and external)
- Maps out how the project will be controlled and delivered
- Four main project concerns: “risk management, contract and supplier management, project controls, and project review”
- Project Business Plan
- How to avoid a failed project
- Create a firm delivery plan: “failure to plan is planning to fail”
- Stay on the route planned
- Monitor and maintain project controls
- Create a project that can be executed, not just look good on paper
- Strong sponsorship/backing from upper management
- Failures are only truly negative if you do not learn something from them
How are you using what you learned?
I am using what I learned to create a control plan for all projects, large and small, that I am undertaking. I am also using the idea of planning to monitor and complete larger tasks that need to be done.
Key Changes / Key Actions
- Create a control plan for all projects no matter the size
- Monitor projects more closely
- Examine failures more in depth to gain knowledge and improve on the process/execution
- Name : Managing Project Delivery
- Author : Trish Melton and Peter Iles-Smith
- getAbstract.com: Link to Book