BUS
4017 PROJECT MANAGEMENT - Professor Fred
Pentney Supplement P of
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Subject: Flow charting the project
cycles and development
Definition stage:
Stakeholder
input - PM
Customer
Functional Mgt.
Teams
Sponsor
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Consider
$ % Rates of return,
Payback period.
N.P.V.
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Set goals.
Then apply S.M.A.R.T.
Formula.
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Ask
What,
Why
When
How
Where
Who
and
Why?
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Formal Needs
Assessment.
Executive
Manager and Team levels
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Meetings to
Get info. and
expand on
idea etc.
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Create
higher level task or activity lists – find relationships. Draws WBS’s Show
first work packages.
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Definition final detail: Planning stage begins:
Take Hi level plan and
WBS and decompose down to Work package levels
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Risk Mgt.
I.D.
Probability
Impact
Strategy
Monitor
Control
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Statement of Work:
1) Purpose
2) Scope
3) Deliverables/Description
4) Cost
and Schedule
5) Goals/Objectives
6) Stakeholders
7) Chain
of command
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Assign Work
Tasks
Summary items
to Stakeholders.
Remember bottom up est.
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WBS
Summary tasks
Work
packages
Labour, resources, materials, costs,
budgets?
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Schedule
Time
Stakeholders
to Plan. E.g.
GANTT chart.
Calculate floats.
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Communication
Matrix – maintain as project develops
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Continue to assign Work packages to Responsibility
Matrix as they are developed.
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Estimate the work packages
$
Time
Materials
Resources
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Estimates:
Top down
(management
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bottom up (Team Members)
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Get approval for final estimates.
Establish budgets
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Obtain and assign resources.
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This flowchart
provides an overview of the Definition and Planning stages. There may be many
variations on what has been presented above. Also various industries have specialized
approaches to develop the projects and these may be in addition to the above
representation.
Now we move to the Execution Stage.
©Dyna-form 2004 F. Pentney
