Project Management FundamentalsPlanning Your Project AWS-6 Congratulations! Your Business Proposal was essful and you have been selected to run the project! Now the real work begins! Your Project Return to pany groups from your essful business proposal. What has led to your project being approved? What is the need or opportunity? Discuss The question of knowing who the stakeholders are and how they will contribute to the development of the project is vital. Stakeholders can be: Users of the project deliverables –‘front office’ Second tier recipients of the deliverables –‘back office’ Third party beneficiaries Suppliers of resources Related parties Interested parties It is important to know how a stakeholder is categorised as this may affect their influence on the project. The Project Stakeholders Stakeholders On a flip chart list the key stakeholders for your project. The steps to preparing the right project are: Complete a business case, scope of work, risk analysis, outline schedule and acceptance criteria Prepare a realistic plan Execute and deliver Assess the results Preparing a Project Outlines the Reasons for the Project Project Execution Project Trigger identifies the Problem Enhance & Upgrade Review of alternative Solutions Plan Approved Develop the Project Plan Post-ProjectReview Plan Execute the Plan using allocated Resources & within the set parameters Project Options Considered Select option & Define es Scope defined Formally close the project Handover Into Operations Assess the Results Examine, Design, Improve The Project Development Path The Terms of Reference The initial planning document is has several names such as Terms of Reference, Project Initiation Document and Statement of Work. With your teacher study the Terms of Reference in your handouts. Business Case This is the justification for the project: how it will benefit pany by making money, improving pany image, or by aligning with strategy. Bu
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