Scope, Scope Creep & its impact on Project Delivery

Project Management and Project Delivery seemingly harmless words; but can run businesses to the ground when gone wrong. It is not as simple as moving from one point to the other or setting a goal and distributing the activities among a set of people and arriving at it happily. If you are one of those Project Managers who thinks things are this simple – you are lucky!

Projects are complex endeavors with 100s of moving parts. Pick any project from your experiences so far and analyze. You will find elements like resources, time, budget, milestones, defined deliverables, company direction, change of stakeholders, change of stakeholder requirements, market conditions, competition, acts of nature etc. that need to be assessed and planned for.

You miss to account for one of them & if it skews in an unwanted direction your entire project runs the risk of crumbling like a house of cards.

Agreed that we cannot humanely control all of these elements but definitely a few of them and mainly the critical ones –

Scope, Timelines & Budget!

The most interesting thing about these three elements is that the same people often control, change, and manipulate them.

  • Existing or New Stakeholders
  • Change in stakeholder requirements
  • Business demands
  • Company direction etc.

Let us see how any unplanned changes to these elements impact our deliverables and their quality.

The root of all troubles for any project lies in Scope changes or Scope Creep as commonly referred in a purely project management terminology.

Understanding Scope & Scope Creep

Defining and understanding Scope of a project is the most important activity in the project management life cycle. Simply, because Scope or the statement of work [SOW] is the very basis and the bible that guides your project from start to finish

The “single source of truth” that pervades and resolves all conflicts!

At the onset of a project, being a Project Manager you must spend a fair amount of time to understand:

  • The requirements
  • Ask more and more questions till you are sure you understand your client and stakeholders expectations.
  • What are the business drivers of the project
  • What is the fundamental need of the project
  • Why the project is being funded and prioritized as it is

Once you have all the above answers, you must proceed with documenting them, circulating them among the stakeholders, decision makers to ensure they understand, agree and sign-off.

A point worth noting here is the documentation is to ensure everyone involved with the project knows very clearly as

  • What WILL be delivered
  • What WILL NOT be delivered

In addition, to this allow for a few days for your clients and executives to review and request any modifications. But at the same time do assign an “offer expires by date” to add the much needed attention & focus to this binding document.

The expiry date triggers a very helpful chain reaction where all stakeholders become keen to ensure ‘their objectives’ are part of the project scope. Thereby, there is increased participation, debate and Q&A to further refine the end objective and project goals.

Do note that the increased participation also means greater stakeholder alignment which is one of the critical success factors for successful project delivery.

Having performed the above due-diligence, ensures that everyone understands the deliverables, the time, efforts and cost required to meet the overarching project goal.

So far so good! You have done everything a good project manager MUST do.

Now, let’s get to the devil that lies in actual practice and implementation – say hello to Scope Creep!

Scope Creep, simply put is adding new features, altering existing requirements or changing the pre-agreed project goals. They can appear at any time and disrupt your project strategy because they demand additional resources, time, and cost that you didn’t account for initially.

Project Delivery

Scope creep often starts as minor requests but can snowball into major changes, shifting the project away from its original intent.

And suddenly, delays occur, teams miss milestones, planned costs rise, quality drops, and customers become increasingly dissatisfied.

Hence, it is important to understand that no project is free of Scope Creep! They are bound to find their way in to your project. But it is also important to understand WHY?

Why do I have Scope Creep?

Though there are a lot of reasons that lead to Scope Creep, the most important one is:

Not having a well-defined Scope Baseline

Project Delivery

As stated earlier, if you don’t devote enough effort and focus to baseline your scope, you set yourself up for definite failure. However despite of the due diligence there are other factors that contribute to a lack of proper Scope e.g.

  • Lack of enough clarity or information on requirements
  • Unavailability of the right stakeholders
  • Conflicting ideas and opinions
  • Lack of proper and time bound feedback mechanism
  • Promising the moon
  • Bid to outdo the competition
  • PM with poor leadership

Understanding the Impact of Scope Creep on Time and Budget

Project Delivery

We now have a fair understanding of what is scope creep & what contributes to it. So let us rightly move to explore its impact on our project, project team and reputation of our organization.

Consider a relevant hypothetical example: a new iPhone launch. At the start of the year, the team decides the next iPhone will have a larger screen and a new exterior. We all know Apple launches its products every September at WWDC without fail.

Hence all project execution and planning is done with that date in mind. Now the project kicks-off everything goes fine and suddenly there is a buzz around removing the standard headphone jack or adding a dual sim slot!

What do you think is the impact of these 2 feature changes? These “features” as we refer to bring with them a whole range of research, additional planning and overhauls the execution. Almost everything stops until the exterior frame is finalized. Do not forget the manufacturer involved in making these phones.

So the new plan goes like this – research and build ability for the iPhone to host and run the 2nd sim, remove the headphone jack and replace – replace with what??? You get the drill!

Think of this – the WWDC CANNOT be shifted; what all is at stake – Money, lots of it! Reputation – one that is hard to earn so easily and must be protected at all costs. So again – Money! Bound to meet the WWDC deadline so add resources, more and more resources.

Now, do note that we all are not Apple Inc. and consider what havoc a Scope Creep can cause to our bottom-line, company’s reputation and most importantly the confidence and moral of the project team. Demotivated soldiers have never won a war!

This is as seen on the surface. Just drill down a bit and imagine how a real workplace with such an activity in progress would look!

  • Continuous firefighting
  • Conflicting interests & priorities
  • Overloaded and overworked resources
  • Rising expenses & investments
  • Dissatisfied Stakeholders
  • Demotivated & battered employees

How to protect your Project from Scope Creep?

With the insights shared so far it is pretty evident of what must be done to ‘prevent’ scope creep. But what about when you are already into it?

Let us take a quick look at some best practices or guidelines followed by project teams across the globe to contain scope creeps and yet maintain a high client satisfaction and project success rate.

Invoke the Scope Baseline or SOW

The project Scope is a Project Manager’s best friend! Even the smallest activities that might deviate from the agreed plan are referred to the Scope Baseline by the most diligent PMs.

The healthy practice of consulting the baseline proves an effective strategy in holding off pushy clients. In other words, it also reminds them of what they signed up for and puts the extra onus on them to be judicious with their requests

Communication and Feedback

Too much communication has never proved harmful! Make sure your clients, decision makers and each individual who has a significant stake in the project and can alter its course are fed a steady stream of progress information.

Define a clear communication criteria in terms of frequency of updates, means of updates (reports, meetings) and timing of these updates. This keeps your clients updated with actual status and helps ease any anxiety plus helps build their confidence and trust.

Also, when they know they have the right platform & tools to voice their feedback or concerns they would be more vocal and mindful of the timing too to not derail steady progress.

Thus any conflicting or contentious issues can be proactively identified and addressed to prevent Scope Creep.

Assess & Estimate

Project Delivery

We all know an outright rejection or denial of a client’s request isn’t advisable. And most of the times you may not be even aware of what does a scope change request entails. It might be a fairly simple ask and not impact the scope.

The best thing to do upon receiving an unexpected request is to respond with – “Let me assess and estimate the time and cost implications of the requested change”.

Use these words – assess and estimate—to quickly ward off any client personnel who aren’t serious or committed to the project.

If serious, they’ll review your assessment, decide to proceed, and give you a chance to generate revenue and implement change management.

Thus, we are all happy!

Build a strong Change Control Culture

Project Delivery

We cannot emphasise enough the significance of a robust Change Control process. You should NEVER have a contract without a Change Process clause!

When someone requests a change, the team triggers a series of approvals, giving the requested changes the attention and focus needed to decide if they are necessary.

Well, it will curb scope creep is one aspect but the important thing is it leads to a good review of the original plan and assessment of

  • What will the impact
  • Are we ready to accept the impact – delays, costs, etc.
  • Is there enough cost and time bandwidth
  • Lastly, will it enhance or significantly support the fundamental goal of the project

Change Control culture allows you to maintain the required transparency & puts you in control! Additionally it demonstrates your forward thinking and professionalism thereby a positive impact on your company’s reputation. Win-Win! Isn’t it?

Penalties – The Silver Bullet

Clients and service providers deploy penalties as an aggressive approach to ensure both sides hold their end of the bargain.

With penalties baked into a contract ensures both parties are always diligent and never lose sight of the goal. Penalties trigger a competition, fierce at times where both strive to achieve the same goal.

And it goes without saying, all unwanted and impulsive requests are out of the door right away.

Why so?

Because the primary reason for undertaking a project is to make money not lose it!

Avoid penalties because they signal distrust, hurt morale, stifle innovation, and can cause conflicts.

Therefore, professionals do not consider them appropriate.

To that effect, let us deploy the right tools as illustrated above and at our disposal to ensure that things never come this far in our projects!

Introduction in project management Trends

Welcome to the World of Project Management Trends

In the fast-paced world of project management, staying up-to-date with the latest trends and innovations is not just a choice; it’s a necessity. This chapter serves as your gateway to the exciting landscape of project management trends in 2023 and beyond.

Project Management Trends

Why Trends Matter

The world of project management is constantly evolving, influenced by changes in technology, the workforce, and global dynamics. As we step into 2023, it’s crucial to understand the emerging trends that are shaping the way projects are planned, executed, and delivered. These trends have the potential to revolutionize the field, offering new opportunities for efficiency, collaboration, and success.

Exploring the Unknown

This chapter will introduce you to the concept of project management trends and their significance. You’ll gain an understanding of how trends emerge, why they matter, and how they can impact your projects, teams, and career. We’ll explore how embracing these trends can lead to better project outcomes, enhanced competitiveness, and improved project management practices.

The Importance of Staying Informed in Project Management

Adapt or Stagnate

The project management landscape is not immune to change. Technology advances, new methodologies, and shifting business environments continually influence how projects are managed. Those who adapt and embrace change thrive, while those who resist it risk falling behind.

Enhancing Decision-Making

Staying informed about trends empowers project managers to make informed decisions. It provides valuable insights into emerging best practices, tools, and strategies that can lead to more successful project outcomes. It also helps in identifying potential risks and challenges before they become obstacles.

Competitive Edge

In an increasingly competitive job market, being well-versed in the latest trends and industry knowledge can set you apart. It demonstrates your commitment to professional growth and positions you as a valuable asset to your organization.

Continuous Learning

The world of project management is a journey of lifelong learning. This chapter emphasizes the importance of continuous education, networking, and professional development as essential components of staying informed.

Agile Project Management Evolution

project management trends

The Ongoing Dominance of Agile

Agile project management methodologies have transcended their origins in software development to become a driving force across industries. As we venture into 2023, the dominance of Agile remains undiminished, and for good reason.

Agile project management is characterized by its adaptability, collaboration, and customer-centric approach. Teams that embrace Agile principles value customer feedback, iterate quickly, and remain flexible in the face of change. This approach allows organizations to deliver value to their customers faster and more efficiently.

Agile Beyond Software Development

While Agile’s roots are firmly planted in software development, its influence now extends far beyond this realm. In 2023, expect to see Agile principles applied in diverse sectors such as marketing, healthcare, manufacturing, and even government.

Marketing teams, for instance, use Agile to respond swiftly to market changes, optimize campaigns, and improve customer engagement. Healthcare organizations adopt Agile to enhance patient care through iterative process improvements. Manufacturers use Agile to streamline production and reduce waste. The public sector employs Agile to deliver citizen-centric services with greater efficiency.

Combining Agile with Other Methodologies

In 2023, project managers are increasingly recognizing the benefits of hybrid methodologies. By blending Agile with traditional project management approaches like Waterfall, organizations can leverage the strengths of each to suit their unique project requirements.

This hybrid approach, often referred to as “Water-Scrum-Fall” or simply “Hybrid Agile,” allows teams to maintain a structured project framework while incorporating Agile principles for flexibility and responsiveness. The result is a project management strategy that combines the best of both worlds, ensuring project success even in complex environments.

Remote and Hybrid Workforce Management

project management trends

1.  Remote Work’s Permanent Impact

In the wake of the global pandemic, remote work has transitioned from a temporary necessity to a long-term, sustainable working model. The impact of this shift is profound and will continue to shape project management trends in 2023 and beyond.

  • Remote Work’s Prolonged Influence

Remote work has proven its viability and effectiveness. Businesses have witnessed increased productivity, cost savings, and access to a broader talent pool. As a result, remote work is here to stay, influencing how projects are managed and executed.

  • Flexibility and Work-Life Balance

Remote work offers team members greater flexibility in managing their work schedules, contributing to improved work-life balance. Project managers must adapt to accommodate these flexible arrangements while maintaining productivity and accountability.

  • Global Collaboration Opportunities

One of the key benefits of remote work is the ability to collaborate with team members and experts from around the world. This global reach can enhance project teams’ diversity and expertise, leading to innovative solutions.

2. Adapting Project Management for Remote Teams

Effectively managing remote project teams requires a shift in mindset and the adoption of new strategies. In 2023, project managers will need to adapt and optimize their approaches for remote work environments.

  • Communication and Collaboration Tools

Remote project teams heavily rely on digital tools for communication and collaboration. Project managers should invest in robust tools that enable real-time communication, file sharing, and video conferencing to keep teams connected.

  • Clear Project Documentation

In remote settings, project documentation becomes paramount. Project managers should ensure that project goals, timelines, and tasks are well-documented and easily accessible to team members. This fosters transparency and accountability.

  • Remote-Friendly Processes

Project management processes and methodologies may need adjustment for remote teams. Agile and Kanban methodologies, for example, offer flexibility and adaptability, making them ideal for remote project management.

3. The Rise of Hybrid Work Models

As organizations embrace the benefits of both remote and in-office work, hybrid work models are on the rise. This shift presents unique challenges and opportunities for project managers.

  • Hybrid Work Dynamics

Hybrid work models combine remote and in-office work, allowing employees to choose where they work. Project managers must navigate the intricacies of managing teams with varying work locations.

  • Workspace Flexibility

The rise of hybrid work means that project managers should consider workspace flexibility when planning projects. Some team members may require office space for certain tasks, while others prefer remote work.

  • Effective Team Synchronization

Maintaining a sense of team cohesion in a hybrid environment is crucial. Project managers will need to devise strategies for effective team synchronization, ensuring that remote and in-office team members collaborate seamlessly.

4. Tools and Strategies for Remote Team Success

To successfully manage remote teams in 2023, project managers must leverage a range of tools and implement strategies that foster collaboration, productivity, and team cohesion.

  • Digital Project Management Platforms

Investing in digital project management platforms is essential. These tools offer centralized project tracking, task management, and collaboration features that are vital for remote team success.

  • Virtual Team Building

Virtual team-building activities can help strengthen bonds among remote team members. Project managers should schedule regular virtual meetings, team-building exercises, and social events to build rapport.

  • Performance Monitoring and Feedback

Monitoring team performance remotely requires clear performance metrics and regular feedback sessions. Project managers should establish key performance indicators (KPIs) and conduct one-on-one performance reviews with team members.

AI and Automation in Project Management

project management trends

1. The Role of Artificial Intelligence (AI)

In the rapidly evolving landscape of project management, the incorporation of artificial intelligence (AI) has emerged as a pivotal trend that promises to revolutionize how projects are planned, executed, and managed.

AI, with its remarkable ability to mimic human intelligence, has found its way into the core of project management processes, offering a spectrum of benefits that were once considered futuristic.

2. Automating Repetitive Tasks

One of the most immediate and tangible advantages of AI in project management is its capacity to automate repetitive and time-consuming tasks.

Project managers often find themselves burdened with administrative chores, such as data entry, file organization, and routine communication.

AI-powered tools and software can shoulder these responsibilities, freeing up valuable time for project managers to focus on strategic decision-making and complex problem-solving.

AI-driven automation doesn’t merely reduce manual labor; it enhances accuracy and efficiency.

Whether it’s auto-generating reports, scheduling meetings, or sending status updates, AI ensures that these tasks are executed flawlessly and promptly, minimizing the risk of human error

3. AI-Driven Predictive Analytics

Predictive analytics has long been a hallmark of successful project management, enabling teams to anticipate potential roadblocks, allocate resources effectively, and optimize project timelines.

With the integration of AI, predictive analytics reaches unprecedented heights of precision and sophistication.

AI algorithms can analyze vast datasets, historical project performance, and external factors with lightning speed, offering project managers insights that were once unattainable.

By predicting project risks, resource needs, and potential delays, AI empowers project managers to take proactive measures and make data-driven decisions that drive project success.

4. Chatbots and Virtual Assistants

Chatbots and virtual assistants are becoming integral members of project management teams. These AI-powered entities are available 24/7 to assist project managers, team members, and stakeholders.

They offer real-time responses to inquiries, facilitate communication, and streamline information retrieval.

For instance, a project management chatbot can answer questions about project status, generate progress reports, and even assign tasks based on natural language commands.

Virtual assistants can schedule meetings, set reminders, and provide updates on project milestones. The result is a more responsive and efficient project management environment that keeps everyone on the same page, regardless of time zones or work schedules

As we look to the future of project management in 2023, it is evident that AI is not just a tool but a transformational force. Its ability to automate tasks, provide predictive insights, and enhance communication through chatbots and virtual assistants positions AI at the top.

Every project manager and organization should embrace to remain competitive and efficient in an increasingly dynamic business landscape.

Sustainability and Green Project Management

1. The Growing Emphasis on Sustainability

As we step into 2023, one of the most prominent trends in project management is the growing emphasis on sustainability. It’s no longer just a buzzword; sustainability has become a central concern for businesses, organizations, and project managers worldwide.

  • Sustainability in a Changing World

The world is facing environmental challenges like never before – climate change, resource depletion, and environmental degradation are all too real. As a response, organizations are increasingly integrating sustainability principles into their projects. This shift is driven by a sense of responsibility, regulatory pressures, and the realization that sustainable practices often lead to cost savings and competitive advantages.

2. Integrating Sustainability into Projects

The integration of sustainability into projects involves aligning project objectives and practices with eco-friendly principles.

  • Defining Sustainable Project Management

Sustainable project management goes beyond simply adopting green technologies or reducing waste. It involves an all-encompassing approach where environmental, social, and economic aspects are considered. Learn how to set sustainability goals and objectives that align with your project’s purpose.

  • The Triple Bottom Line

Sustainable projects are evaluated using the triple bottom line concept – People, Planet, and Profit. We explore how to balance these elements effectively, ensuring that your project benefits society, minimizes environmental impact, and remains financially viable.

3. Measuring Environmental Impact

Effective sustainability management requires the ability to measure and quantify your project’s environmental impact.

  • Environmental Impact Assessment (EIA)

EIA is a crucial step in understanding your project’s environmental implications. We discuss how to conduct a comprehensive EIA, identifying potential risks and opportunities for improvement.

  • Carbon Footprinting and Life Cycle Analysis

Learn about carbon footprinting and life cycle analysis, which help you measure the carbon emissions associated with your project and assess its overall environmental impact. These methods are vital for making informed decisions to reduce your project’s footprint.

4. Sustainable Supply Chain Management

In the globalized business landscape of 2023, supply chains play a pivotal role in sustainability efforts.

  • Green Procurement and Vendor Selection

Selecting environmentally responsible suppliers and products is key to sustainable supply chain management. We provide insights into green procurement strategies and criteria for vendor selection.

  • Reducing Waste and Optimizing Resources

Efficient resource management and waste reduction are central to sustainability. Discover techniques to minimize resource consumption and waste generation in your projects.

  • Transportation and Logistics

Managing the transportation of materials and products is another critical aspect of sustainability. Learn about eco-friendly transportation and logistics practices to reduce emissions and environmental impact.

Cybersecurity in Project Management

1. The Escalating Threat Landscape

In the ever-connected digital landscape of the 21st century, the escalation of cybersecurity threats has become a cause for significant concern across industries.

  • The Changing Face of Cyber Threats

The year 2023 promises to bring new challenges in the form of sophisticated cyber threats. From ransomware attacks to data breaches, project managers must be vigilant and proactive in safeguarding their project assets, data, and sensitive information. Understanding the nature of these threats is the first step in defending against them.

  • The Cost of Cybersecurity Incidents

Cybersecurity incidents come at a steep cost, both financially and in terms of reputation. In 2023, organizations will need to allocate more resources to protect their projects and stakeholders from the potentially devastating consequences of a breach.

2. Cybersecurity Best Practices for Projects

Project managers must become adept at integrating cybersecurity best practices into their project management methodologies.

  • Security by Design

One of the primary cybersecurity best practices involves implementing security measures from the very beginning of a project’s life cycle. Project managers should work closely with cybersecurity experts to embed security into project designs, ensuring that potential vulnerabilities are identified and mitigated before they become major issues.

  • Regular Training and Awareness

Human error is a significant contributor to cybersecurity incidents. Hence, continuous training and raising awareness among project teams is essential.

  • Robust Access Controls

Limiting access to sensitive project data is another vital aspect of cybersecurity. Project managers should implement robust access controls to ensure that only authorized personnel have access to critical information.

3. Data Protection and Privacy Concerns

Data protection and privacy have moved to the forefront of global conversations. As 2023 unfolds, organizations and project managers will be under increasing scrutiny to ensure the privacy and security of their project data.

  • Compliance and Regulations

A myriad of data protection regulations, such as GDPR and CCPA, have emerged globally.

  • Data Encryption and Storage

Effective data encryption and secure storage methods are essential components of data protection.

Cybersecurity as Part of Risk Management

Cybersecurity is no longer an isolated concern but an integral part of risk management in project management.

Cyber Risk Assessment

Assessing cyber risks should be a standard practice during project risk assessments.

Response and Recovery Plans

No cybersecurity strategy is complete without comprehensive response and recovery plans.

Data-Driven Decision Making

1. Harnessing Data for Project Insights

In the digital age, data is not just a buzzword; it’s a valuable asset that project managers can leverage to gain deeper insights into their projects. Harnessing data for project insights has become a pivotal trend in the realm of project management.

  • The Data Revolution in Project Management

In recent years, the collection and analysis of project data have become more accessible and sophisticated. Project managers now have the tools and technologies to gather vast amounts of data related to project progress, resource allocation, budgeting, and more.

  • Real-Time Visibility

One of the significant advantages of data-driven project management is real-time visibility into project performance. With the right tools, project managers can monitor key metrics and KPIs as they change, allowing for proactive decision-making and issue resolution.

  • Predictive Analytics

Predictive analytics has gained prominence in project management. By analyzing historical project data, machine learning algorithms can forecast potential risks, delays, and resource bottlenecks. This enables project managers to take preventative actions and optimize project outcomes.

  • Resource Allocation and Optimization

Data-driven insights also play a crucial role in resource allocation. Project managers can identify underutilized resources, allocate them more efficiently, and ensure that the right resources are assigned to the right tasks at the right time.

2. The Power of Project Analytics

Project analytics goes beyond mere data collection; it involves the systematic analysis of project data to extract actionable insights.

  • Project Analytics in Action

Project analytics encompasses a range of activities, including data collection, data cleansing, data analysis, and data visualization. It allows project managers to make data-driven decisions at every stage of a project’s lifecycle.

  • Performance Metrics and Key Performance Indicators (KPIs)

Effective project analytics involves defining and tracking relevant performance metrics and KPIs. These metrics can vary depending on the project’s objectives but often include factors like project duration, cost efficiency, and client satisfaction.

  • Data Visualization Tools

The power of project analytics is amplified through data visualization tools. These tools transform complex project data into easily digestible charts, graphs, and dashboards, enabling stakeholders to quickly grasp project status and trends.

  • Continuous Improvement

Project analytics fosters a culture of continuous improvement. By regularly analyzing project data, teams can identify areas where processes can be optimized, leading to greater efficiency and project success.

3. Business Intelligence Tools

Business intelligence (BI) tools have become indispensable for project managers seeking to unlock the full potential of their data.

  • Understanding Business Intelligence

These tools are designed to collect, process, and analyze data to support decision-making. They provide a holistic view of project performance by consolidating data from various sources.

  • Customized Dashboards

BI tools offer the advantage of customizable dashboards. Project managers can tailor these dashboards to display the specific metrics and insights most relevant to their projects and organizational goals.

  • Data Integration

Integration capabilities are a hallmark of BI tools. They can seamlessly connect with other software systems, including project management software, CRM tools, and financial systems, creating a unified data environment.

  • Self-Service Analytics

BI tools empower non-technical users to explore data and generate reports without relying on IT teams. This democratization of data access enhances collaboration and decision-making across the organization.

4. Data Ethics and Governance

As data takes center stage in project management, ethical considerations and governance become paramount.

  • Data Privacy and Security

Ensuring data privacy and security is a fundamental ethical responsibility. Project managers must implement robust data protection measures to safeguard sensitive information and comply with data privacy regulations.

  • Transparency and Accountability

Ethical data management practices require transparency in data collection, processing, and sharing. Project managers should establish clear accountability for data-related decisions and actions.

  • Data Quality and Integrity

Maintaining data quality and integrity is essential. Ethical data practices involve accurate data collection, validation, and maintenance to ensure the reliability of insights generated.

  • Stakeholder Consent and Informed Consent

Respecting stakeholder consent and ensuring that individuals provide informed consent for data collection and use are ethical imperatives. Project managers should communicate clearly about data practices and seek consent when necessary.

Execution in Project Management

Once you have successfully passed the Planning Phase it is time for real action – Execution! The Project Execution Phase of the project management lifecycle is all about deliverables & outputs. The project team delivers the intended product or service to the customer for approval.

In official terms – The Project Management Body of Knowledge (PMBOK) states – “The Executing Process Group consists of those processes performed to complete the work defined in the project management plan to satisfy the project specifications.”

The Project Execution Phase is usually the longest phase in the project management life cycle and consumes the most energy and resources. It is pretty evident by now as to how crucial it is to ensure your plans are realized with clinical precision and none to minimal deviation.

To enable you to monitor and control the project during this phase, you will need to implement a range of project management processes. These processes help you to manage time, cost, quality, change, risks and issues. They also help you to manage procurement, customer acceptance and communications.

The primary objective of Execution and Control is to construct deliverables as per the master project plan and consistently evaluate the processes and plans involved to deliver the output as per the agreed specifications.

It is all about action and direction!

The Execution Phase will broadly involve the following actions. The priority or sequence is entirely dependent on the nature of the project and organizational practices and preferences. But nevertheless, they are performed to enable successful project execution.

  • Acquire Develop & Manage the Team who will work on the project.
  • Execute Project Scope.
  • Recommend changes, bug fixes, preventive and corrective actions coming from Planning, Executing and Monitoring and Controlling process groups.
  • Timely Communication with all stakeholders.
  • Implemented approved changes to the processes, documentation and plans.
  • Team Building exercises.
  • Give recognition and rewards to team members and keep them motivated.
  • Hold Status Review meetings to ensure project is on track and any deviations are attended to at the earliest.
  • Use Work Authorization systems to allocate work.
  • Request Seller responses to your tender and outsourcing needs.
  • Select Seller for your procurement needs.

What does Execution Phase produce?

Project Deliverables

Project deliverables are the primary reason why projects are run. In fact, they represent the tangible expectations and results produced from our projects. Moreover, as part of the execution process, we ensure that the deliverables are well tested, meet the acceptance criteria, and receive approval from the customer and/or business sponsor.

It is of utmost importance that the project deliverables are of the agreed quality and meet the defined objectives and specifications.

Change Management Documents

Change is unavoidable in project management too. And in its true sense it is more of an asset. When handled properly, the change management process goes a long way in minimizing loss of precious project resources and reducing scope creep.

This is where the project management change plan comes in. The plan, as detailed in the project management change document, sets out the process by which any changes to the project’s goals, schedule, and/or resource usage are to be managed. In short, the change document is a vital component in managing projects of any size and complexity, and it heavily influences project success.

Change Management Document includes 3 items

Change Management Goals

This section defines the goals of the project’s change management plan. For example, the team clearly determines, evaluates, approves, and tracks changes efficiently. It also explains how the team designs the overall project change plan to benefit the project.

Change Management Responsibilities

In this section of the change document, define the responsibilities of all parties affected by a project change. For example, specify who receives project change requests, who evaluates them, and how project teams, upper management, and clients or stakeholders will receive communication about the changes.

Change Management Model

In this section you will clearly lay out the details of the change management process. You should describe how project change requests are made and evaluated, who is authorized to approve them, and how they will be recorded.

Measuring Project Activities

Measuring performance is a critical factor in optimizing performance. Consistent Monitoring and Control measures are required to stay on track.

project execution

Understand why you are here?

Project performance, on the surface, seems easy to measure; just track time, cost and scope and it’s done.

As part of optimizing your execution, you must perform certain key activities

  • Time Management
  • Cost Management
  • Quality Management
  • Change Management
  • Risk Management
  • Procurement Management
  • Acceptance Management
  • Stakeholder Engagement
  • Communication Management

What processes are included in project execution?

project execution

project execution

Execution Kick-Off

The Project Manager can begin the phase activities following the completion of all planning activities including approval of the PMP, functional specifications & project funding.

Acquire Project team

The project manager takes the necessary steps to secure the human resources needed to complete the project. Next, they create resource calendars and allocate resources based on negotiations with the involved business units and resource pool managers.

Develop Project Team

The project manager evaluates each individual’s skill set to ensure that every team member has the proper skills for each upcoming project phase. Additionally, your training plan, schedule, and costs also come in handy, as described in the planning phase.

Project leaders that can align their vision and work with their teams will successfully deliver key programs and projects. The alignment of vision and strategy to implementation will help you close those gaps.

Executing THE Project Management Plan

The project manager executes the project management plan activities by performing the activities contained within each of the plans such as Communication Plan, Risk management plan, etc.

The project manager will direct the various technical and organizational resources that exist in the project to execute the work defined in the project management plans.

Conducting Status Review Meetings (PSR)

Project status meetings help project managers review updates from team members. They allow managers to assess what the team has accomplished so far and compare it with the planned activities.

They allow project managers in the assessment of current problem areas and project risk areas; as well as communicating critical project information with quick feedback. Having these project status meetings also eliminates the communication problem that arises out of an assumption or belief that “everyone knows what’s going on in this project”. Often team members do not know, because they are busy with their own tasks.

The project execution phase often reveals unanticipated problems or issues, so project leaders must anticipate them and pivot by making tactical changes.

Update Project Schedule and Management plans

In most organizations, the project management team is the group of people responsible for updating the project plan. For instance, the project plan serves many purposes for the project manager. Firstly, it records what has occurred on the project. Additionally, it illustrates what is happening on the project right now. Finally, it prepares the project team by showing what will be coming up.

Keeping the plan current is an important role of the project manager (or project administrator). Project updates focus on the three project management constraints, cost, time and scope. An effective project manager knows that a change in one of these areas results in changes in the other two. A current project plan will show the effect of these changes on the overall project.

The project team must record and get approval for any changes or updates to the previously defined plan. They should also include revision history information for audit purposes. Failing to maintain an accurate or updated plan significantly affects the overall success of the project.

Quality Assurance

In the Project Management Body of Knowledge (PMBOK), the Executing process group includes Quality Assurance, which continues throughout the project. During this process, project teams audit quality requirements and evaluate results from quality control measurements to confirm that they use the right quality standards and operational definitions. This process helps teams improve their overall quality performance.

Acceptance of Deliverables

Acceptance criteria for project deliverables clearly establish in advance an agreed-upon standard of performance or capability that the user will accept in a specific deliverable. Moreover, the Performance Plan developed in the Project Planning Phase further articulates the project deliverables and acceptance criteria.

These criteria serve as key guidelines for the design team to develop a solution that meets user expectations.

The execution phase ends when the user has agreed to accept the deliverable(s) in the state that they exist. The acceptance criterion is the standard that the user uses to judge if each deliverable is satisfactory.

In some cases, the deliverable may not meet all acceptance criteria but, from an overall view, the deliverable will meet the requirements of the user. The user must authenticate acceptance of each deliverable. The user will also identify any issues that remain outstanding and the agreed to plan for resolution of any outstanding issues.

Complete Execution Phase Review

The project manager contacts all participating stakeholders to review and document lessons learned in the execution phase. Then, a formal Phase Review form is filled out and sent to the Project Sponsor for approval.

It is basically to seek permission to proceed to the next phase and closure of the existing phase. The team reviews, approves all deliverables, documents pending issues with a resolution plan, and updates relevant plans and documents.

Once you have the phase review approved you officially proceed to the next phase!

Planning in Project Management

Project Planning

As we progress with Project Planning, we must now shift our focus to two very significant aspects of project management – Quality and Risks.

Quality Management Plan

Project Planning

What is Quality?

As per the 6th Edition of the PMBOK; Quality is “the degree to which a set of inherent characteristics fulfills requirements, decrease rework & costs, increase productivity as well as stakeholder satisfaction.”

International Organization for Standardization (ISO) defines quality as – “the totality of characteristics of an entity that bear on its ability to satisfy stated or implied needs.”

Project Planning

If you take a closer look at both the definitions it is evident that conformance to requirements, fit for use and deliver the intended value to the customer, sponsor and or stakeholders involved is the true indicator of quality.

And hence, it is safe to state that the fundamental need is to deliver a product or a service that is in accordance with the requirements & specifications as defined at the beginning of the project and directly meets/exceeds the customer expectations.

This also makes it clear for us that Quality is not a one-time activity. It is a fundamental principle that must be attended to right from project initiation through closure.

And yes, Quality is everyone’s responsibility right from the top to the bottom of the project chain – Sponsors, stakeholders, Project Managers, Project Teams and the organization as a whole.

Similarly let us take a look at Quality Management.

What is Quality Management?

Quality Management is a continuous repetitive process of evaluating quality and updating processes till each deliverable meets the required quality standards or metrics as defined by the customer or project sponsor.

Project Planning

As stated earlier, delivering a project with quality also needs better coordination among the project manager, project team and the business sponsor. There must be well-defined and agreed quality metrics, processes and governance in place that explain how quality will be delivered, measured, maintained and accepted by the customer.

Project Quality Management has 3 main processes 

  • Quality Planning
  • Quality Assurance
  • Quality Control

Quality Planning

Quality Planning is much more than striking the balance among scope, time and cost. We undertake a project to deliver improvements—either enhancing an existing product, service, or process, or creating something new that provides the organization with the missing links.

To ensure we deliver improvement, the team must define key quality metrics and checklists and establish a baseline for quality. It is imperative that everyone on the project have the same understanding of what quality means for this particular project

As part of the Quality Planning you deploy various Tools and Techniques like

  • Cost-Benefit Analysis
  • Cost of Quality
  • Design of Experiments
  • Benchmarking
  • Interviews
  • Brainstorming

It is very important for a Project Managers to understand which tools suit them the best to establish the credibility of their delivery and quality. This also begets the fact that sponsor buy-in is very important and hence there must be an established link between the tools and the metrics you define as part of your Quality Planning.

Quality Assurance

This aspect of quality management is all about evidences of the quality measures in play. For a typical IT or Software development project it would be your test plan and test cases and the carious testing measures that would be deployed.

Quality assurance is all about continuous process improvement. This includes the investigation or root-cause analysis of issues within processes as well as continual assessment of which steps in a process are adding value.

The project team implements Quality Assurance at the very beginning of the implementation phase to identify errors and defects as early as possible.

One of the most popular tools the team uses is the Deming Cycle, named after quality guru Edward Deming, also known as PDCA – Plan, Do, Check, Act.

Project Planning

Similarly, the project team conducts Quality Audits to review and improve quality management activities. Consultants or external groups usually perform these audits.

The team then resolves any detected issues or problems through corrective actions approved by the relevant change control processes.

Also do note that quality assurance also covers all associated processes involved in managing the project along with the product or service planned for delivery.

Summarily, Quality Assurance assures the sponsors that safeguards are in place to make sure that the expected levels of quality will be reached to produce quality outputs.

Quality Control

Quality control is all about planned deliverables versus actual. It is a direct comparison of the output with the requirements or agreed goals.

Project Planning

With the right quality control measures in place you identify the problems and improve your output. And this is applicable to your scope, cost and schedule.

Similar to Quality Planning, Quality Control also uses some common tools and techniques for its effectiveness such as

  • Cause and Effect – the famous Fishbone or Ishikawa diagram
  • Control Charts
  • Pareto Charts
  • Histograms etc.

The central theme here is data analysis. Continuous monitoring of the identified quality metrics and their performance to identify outliers. And more so to get the right picture to make well informed decisions at the right time and avoiding knee-jerk reactions from the sponsors and stakeholders.

Continuous process monitoring and improvements aids in developing the right processes that aid in delivery of quality products and services.

Risk Management Plan

A risk is defined as an uncertain event or condition, that if occurs has a positive or a negative impact on the project. And what makes it furthermore tricky is that fact that risks can be man-made, natural or statutory in nature.

Project Planning

Risk management involves planning, identifying, analyzing, responding to, and controlling risks on a project. The risk plan lists all potential risks, their ranking or priority, preventive actions, and a process for tracking them.

Risk management follows specific core principles. When performing a risk assessment, the areas outlined by ISO should be included.

The process should create value

  • It should be an integral part of the organizational process
  • It should factor into the overall decision-making process
  • It must explicitly address uncertainty
  • It should be systematic and structured
  • It should be based on the best available information
  • It should be tailored to the project
  • It must take into account human factors
  • It should be transparent and all-inclusive
  • It should be dynamic and adaptable to change
  • It should be continuously monitored and improved upon as the project moves forward

When first addressing a risk management procedure for a project, take note of the aforementioned principles to ensure that your specific assessment is matching up with the core ideals as defined by ISO.

Risk Management Steps

Risk Identification

Project Planning

We must identify risks as early as possible. Once we identify them, the team records all risks in a Risk Register and shares it with relevant stakeholders. The team also reviews risks during regular checkpoint and status meetings to prevent any unwanted surprises.

Risk Analysis & Evaluation Here you do a quantitative and qualitative analysis of your identified risks. Most importantly, the probability, severity and impact of the risks are evaluated and prioritized.

Project Planning

Also, the analysis helps you with defining your contingency and management funds to cater to costs as a result of the occurrence of the risks.

Risk Handling Risk Handling is all about mitigating risks. You plan for the corrective actions to be taken to deal with the risk occurrence. As stated earlier a risk may have a Positive or a Negative impact on your project and hence you need to prepare your Risk Responses accordingly.

For any anticipated negative impact you plan to

  • Mitigate: Entire focus is to reduce or prevent entirely the chance of risk occurrence &its impact.
  • Avoid: Complete elimination of the threat. For example, changing the project management plan.
  • Transfer: Transfer the risk to a third party; e.g. insurance.
  • Accept: Acknowledge the risk and document it, but do not take any action to mitigate it or its effect.

Risk Control Risk monitoring and controlling or risk review is an iterative process that uses progress status reports and deliverable status to monitor and control risks. Various status reports, such as quality reports, progress reports, and follow-up reports, enable this process.

Risk Reviews are an integral part of your overall project monitoring. The Risk Register I duly updated all throughout to document any changes, actions, remediation done for the identified risks.
Matured organizations hold separately planned risk review meetings at a frequency determined by the overall risk level of a project.

Benefits of Risk Management PlanPrevention is always better than cure!Active risk management efforts helps you to

  • Successfully deliver project outcomes with minimal obstacles
  • Prevents exhaustion of project quality, schedule, resources and costs
  • Avoid risks and threats entirely
  • Gain valuable experience to deal with future crisis
  • Better handle on risk management overall as an organization
  • And helps build organization’s reputation
  • Improves overall project efficiency

Following each Project Planning process with the right intent builds discipline, shows customer care, and ensures commitment to project deliverables.

Planning in Project Management

Explore and understand the most crucial phase of the Project Management Lifecycle in this chapter – Project Planning. Planning in any endeavor is an extensive exercise.

Project Planning results in lots and lots of plan and when all these individual plan come together, you see the grandiose image of your end objective.

This master plan gives you a clear picture of your product or service once you execute all your plans in letter and spirit.

In very simple terms, by the end of the Project Planning phase you come to know

  • What will be delivered
  • When will it be delivered
  • How will you get it
  • Who will help you get
  • How much will you have to spend
  • What risks can impact your end result
  • How to handle those risks

Thus essentially the single most important output of Project Planning is – “Project Management Plan”.

Project Planning

Project Management Plan consists of multiple other plans that cover your stakeholders, requirements, scope, deliverables, resources, staffing, vendors and procurement, quality, costs and risks etc. A project management plan would majorly consist of:

  • Communication management plan
  • Project scope management plan
  • Schedule management plan
  • Staffing management plan
  • Quality management plan
  • Risk management plan
  • Cost management plan
  • Process improvement plan
  • Procurement management plan

Project Planning

if you do not know where you are going you neither know how to get there nor even when you have arrived!

Project Management Plan

The Project Plan is the living document of your project. It is your “single source of truth” as it has everything that the project is about!

All project participants, contributors, impacted parties etc. are listed in the project management plan. It is the guiding light if you may that steers your project through execution, implementation, monitoring, governance & control.

It is the bible that houses each and every change, amendment made to the project through execution along with the entire scope, schedule and associated costs.

Note: The Project Manager is the author of the Project Management plan and he takes inputs from the project charter, business case in consultation with the subject matter experts (SMEs), project teams, stakeholders, sponsors and senior leaders as applicable.

As the Planning phase progresses the Project Manager is required to

  • Define baselines in terms of scope, time and cost
  • Review the baselines with the project stakeholders and obtain approvals
  • Define and agree on the governance model to be followed for the project
  • Receive approvals for the relevant resources and staffing
  • Define and share the communication management plan
  • Maintain the project mgmt. plan up to date to reflect every approved change made to the original plan.

Nevertheless, getting each and every vital info recorded, reviewed and shared is a tiring job and the project success is hugely dependent on the Planning phase. A poorly drafted project management plan is the sure shot recipe for absolute failure.

And it is pretty evident that matured organizations spend a huge amount of time and efforts to ensure they have a solid plan before they begin execution.

Communication Management Plan

Communication if well managed can work wonders for you and your team. It is always recommended that you set some ground rules around project activity communication.

Everyone in the team MUST know the “authorized” recipients of the information along with the expected timelines and intervals for every project communication.

Project Planning

For any communication plan to be effective it must

  • Address the stakeholder expectations
  • Ensure the involved project participants receive the right info at the right time
  • Facilitates team collaboration and prevents communication breakdown at all times
  • Have well defined Communication format, modes, frequency and audience

We must also remember that “one size fits all” never applies to project communication. For example, the project sponsor does not care about the number of lines of code written so far.

Also, make sure that your Communication Plan clearly indicates any assumptions and constraints taken into account. And we must update the plan as when these constraints are removed and assumptions clarified.

Project teams perform better when they review and share real-time project progress and status. With timely insights, they can take corrective actions, make informed decisions, and guide the project toward success.

Schedule Management Plan

We all know that project is an endeavor that must have a definite start and end. Thus it entails that each and every task required to complete the project must therefore have defined state and end too.

Schedule Management Plan (SMP) includes the list of activities that will be performed during the course of the project by specified resources within timelines.

Project Planning

The SMP clearly defines what we need to do, who will do it, and when they will do it. We may not always create an exact schedule, but we do build a broad view of available resources and the time required to complete each activity. This helps us establish a general baseline and timeline for the project.

There are various mechanisms and techniques used across organizations to define and maintain project schedule and the most widely used ones are Gantt Charts and Critical Path Method (CPM).

Developing the Project Schedule is the worst nightmare a project manager can have. Estimating the “right” time requirement for each activity is critical. One need to pay attention to every tiny detail involved to make as accurate an estimation possible.

If you allocate very tight timelines then you have a team working under a lot of stress and pressure leading to quality loss. It’s a given because of the simple fact that – Focus shifts from getting the task over than getting it done with quality.

Similarly if you are too lax and add an unreasonable buffer the entire project budget is skewed. So either ways the Project Manager is between a hard surface and a rock!

A detailed Work Breakdown Structure (WBS) breaks down each activity into manageable tasks to ensure transparency and accountability. When we lay out the WBS clearly, we avoid missing key activities and prevent negative impacts on time and cost. Estimating smaller tasks is always easier than estimating large ones, which improves our chances of creating accurate and reliable time and cost estimates.

Task dependencies are another important aspect. Once you start breaking down your tasks, you can easily relate to the sequences of those individual chunks and also linkages and interdependencies among them. This helps you understand which activities can be done simultaneously & which will be done later thereby giving you a thorough glimpse of your resource and time requirements.

Upon completion of the above 2 activities you now need to focus on Time and Resource Estimation. Here comes the critical aspects of expertise, productivity and unforeseen events. A seasoned Project Manager would definitely account for skillfulness of the resources involved, perceived risks, leaves and holidays along with resource availability. Risks and Resource Availability are significant factors that have a direct impact on your project progress and delivery. You must account for the unavailability of key resources during the project, as less skilled team members may step in. Although this may slightly reduce costs, it affects the project timelines.

But rest assured — when you address the above three factors in your Schedule Management Plan, you set yourself up for an on-time and within-budget project delivery without compromising quality.

Resource & Staffing Management Plan

Resources are the backbone of all organizations as successful delivery of the strategic initiatives rest on their shoulders. Resourcing and Staffing if not done adequately will result in utter chaos not only in the project but for the entire organization as a whole.

Project Planning

While engaged in building your Staffing Plan one must have absolute clarity of the

  • Project deliverables and objectives
  • Skills required to deliver the desired product or service
  • Number of resources required
  • Availability of the identified resources
  • Absolute clarity of the roles and responsibilities of each of the resources
  • Governance and Organization policies concerning the resources
  • Right mix of internal and external resources
  • Duration for which the resources would be needed
  • Well defined entry and exit criteria of the resources
  • Rewards and recognition programs for the project resources

Having clarity of the above aspects will help devise a robust plan that will ensure you get the right resources for the desired duration. All pertinent questions from the Sponsors or Stakeholders can better answered to allay fears around the resourcing costs and time.

Note: Executive buy-in is very critical for getting the resource approvals and preventing any mid-way pull leading to project collapse.

Moving on, we must also realize that resources include equipment, materials, infrastructure as well as the obvious human resources. You must account for the right quantity, duration, and quality of resources, as this directly influences the project’s success.

As a project manager, one must also be adept in answering “What’s in it for me – (WIIFM)” It is important for enhancing resource motivation and productivity. Also, projects must aim for skill enrichment of the organization as a whole by training their project resources.

Include a thorough training plan in your staffing plan, and clearly outline the training programs, duration, required resources, training vendors, and costs.

With a robust Resourcing Plan, organizations benefit by having low resource churn, increased knowledge & skills development, motivation and enhanced teamwork.

Cost Management Plan

Every project incurs costs, and we expect to deliver it within the approved budget. A financial management plan usually includes cost budgeting, cost control, monitoring, and reporting.

Organizations typically choose either a top-down approach or a bottom-up approach when they allocate project budgets.

In the top-down approach, you already know the available budget, and you must complete the project within this allocated cost.

Whereas in the Bottoms-up approach you begin by estimating cost for each module or activity required for project completion and then add them up to reach the final cost. Though more accurate this approach may lead to cost over-runs.

Once you begin with the cost estimation and planning it is best to start with the core costs such as

  • Labor
  • Equipment and material
  • Licensing and legal
  • Development
  • Contractor and Vendors
  • Maintenance and Support & then expand it with a contingency fund for known/unknown risks and price variations through the project duration.

One of the key goals in any project is to deliver within budget and maintain profitability. We must actively control and monitor costs to achieve this. Always break down your project budget into time-bound phases. This approach helps you see the cost required for each phase and how long you will use those funds.

This method also gives you a major advantage. When new requests or scope creep arise, you can re-estimate the costs to determine whether you can manage the extra work within the existing budget. If the budget cannot cover it, you go back to the customer or sponsor and submit a change request for additional funds.

Effective Time Management leads to easier cost control. It is in the best interest of the project to meet deadlines and deliver milestones as per plan. The better your time management, better is the cost control.

In the end timely reporting of cost variances and changes also helps maintain the project’s financial well-being. A periodic planned vs. actual expenditure report goes a long way in proper expense tracking and management.

You are always in the know of your project expenses and can prevent leakages in terms of equipment, material etc. overruns.

There are quite a few financial reports that we will review in the upcoming modules. And we will explore Risk Management and Quality Management in the next chapter.

 

 

Initiation in Project Management Life Cycle

project initiation phase

The Project Management Lifecycle is kick-started with the crucial Project Initiation Phase. The entire basis of why you should be developing/delivering a product, service, or event is formed with the Project Initiation.

It is important to note that a Project Manager is duly appointed to the project, which also signifies executive intent. In a way, he is the first resource assigned to the project.

The project manager needs to establish the business case for the project; ensure that the proposed outcome is aligned with the organization’s strategic goals; prepare an initial budget and timeline; and also involve relevant stakeholders, sponsors, and identify team members who will work on the project once the business case is approved.

Key Project Initiation Activities

  • Develop a Business Case
  • Undertake a feasibility study
  • Establish the Project charter
  • Appoint the project team
  • Perform phase review

Developing Business Case

project initiation phase

A business case is used when expenditure on a project is required. Once a business case is prepared, it is shared with a sponsor or investor for approval. After approvals are obtained, the required resources and funding are also received.

What does a business case include?

project initiation phase

1. Benefits: The value to be delivered by the undertaking is clearly defined and shared with the customer, sponsor, stakeholder, and team members. The key objectives, strategic gains (operational and or economic), and associated profits are well illustrated during initiation for absolute clarity and expectation management.

2. Options: Options include the alternative and other courses of action that are considered as the project plan is designed and developed.

3. Time and Cost: It includes the determination of the project cost and time required to complete the project.

4. Cost-benefit analysis: Cost-benefit analysis describes how the cost of a project is balanced with the return. For example, due to a specific reason, your project needs some additional resources and some new systems. This is where the cost-benefit analysis is done. It helps justify the additional investment and show the value and or return generated from this investment.

Project Feasibility Study

The purpose of a Feasibility Study is to identify the problem and its solution in a project and to check if the planned solution meets the stated business requirements. In other words, if you are not sure whether your solution will deliver the targeted outcome, then a Project Feasibility Study will help gain that clarity on those solutions

project initiation phase

During the Feasibility Study, a variety of assessment methods are followed. The outcome of the Feasibility Study is a confirmed solution for implementation.

What are the factors that should be considered for testing feasibility?

Technical Feasibility

Technically skilled resources are available –  Having the right mix of resources assigned to the project is important. A true requirement of skill mapping is to ensure the right resources with the right skills are available to meet the project responsibilities.

Required technologies are available – We must review and define the relevant hardware, software, equipment, licenses, regulatory approvals, if applicable, etc. are available to deliver the project.

Economic Feasibility

While determining economic feasibility, we need to consider the following factors

  • Sponsors should have an ample amount of capital to invest – Even if we have sufficient amount of resources and required technology, we must have the required investments to maintain the resources. It is crucial that we have the sponsor’s buy-in for the execution of the project. Unavailability of the required funds will lead to project delay and or failure.
  • Will the investment generate the Targeted ROI? – Projects are meant to generate capital benefits or business value to your organization. So it is important to analyze whether the investment in the project will provide business benefits to your organization.
  • Contingency Funds – Our project budget must also have a certain contingency fund allocated. And we need to see how big that bucket is and if that is enough to bail us through any significant issues or risks.

Legal Feasibility

The undertaking must meet and comply with all applicable regulatory and statutory rules and laws

  • Data protection or social media laws  -It must be ascertained that no data privacy laws are breached, for e.g., while dealing with data-sensitive projects. Any associated non-disclosure agreements, etc., must be thoroughly reviewed and put in place as applicable to the undertaking.
  • Zonal laws – If we are planning to construct a mall in a place, we need to check whether the zone has the required permissions to build malls. A feasibility study might reveal the organization’s ideal location isn’t zoned for that type of business.

Operational Feasibility

This assessment involves undertaking a study to analyze and determine whether—and how well—the organization benefits by completing the project. Operational feasibility studies also analyze how a project plan can satisfy the requirements identified in the analysis phase.

Scheduling Feasibility

This assessment is the most important for project success. After all, a project may fail if it is not completed on time. In scheduling feasibility, we estimates how much time the project will take to complete and also we need check whether do we have estimated time to invest in the project.

Establish Project charter

Project Charter contains the objectives of a project. This statement also sets out detailed of project goals, roles and responsibilities, identifies the main stakeholders, and the level of authority of a project manager.

It also acts as a guideline for future projects and is an important material in the organization’s knowledge management system.

project initiation phase

How to write project charter?

  • Vision: You need have a clear idea on the scope of the project. Describe each of the deliverables the project is tasked to produce. Once you’ve gotten all of them down, you’ve got a foothold on your charter and are ready to move on.
  • Organize: When you’re building a structure for your charter there are four subsets you’re going to need to identify. They are Customer/end users, stake holders, roles. Now you need to define the lines of reporting between these various roles in the project. Use a project organization chart to do this.
  • Implementation: Once vision and organization structure is defined, now we need develop a plan to implement them. While implementing, a plan we need keep 3 factors in the mind-they are Milestone dependencies and resource. We are going to learn more about this in the Initiation module.
  • Risks, Issues & Budget: No charter is complete without covering the potential risks and issues that can derail a project. This includes assumptions and constraints related to the project. Risks can be natural, man-made, governmental and regulatory.

A risk is a potential issue that may or may not happen in a project. Risk is not always negative, as there is such a thing as positive risk, and you should prepare for that as well.

An issue is something that has already occurred in the project. Basically, a risk is a “perceived” issue and an issue is “an event with a negative impact” that has already occurred.

Appoint the project team

According to Wikipedia, a project team is a group of members from different functions and are assigned to activities for the same project. A team can be divided into sub-teams according to need.

Usually project teams are only used for a defined period of time. They are disbanded after the project is deemed complete. Due to the nature of the specific formation and disbandment, project teams are usually in organizations.

Project teams need to have the right combination of skills, abilities, and personality types to achieve collaborative success.

How to build a project team

Project Type

We need to understand the nature, required skills and resources for successful completion of the project. We need to ascertain if the project is manual labor intensive, or one that needs high IQ and skills. And we also need to be aware if such a project has ever been undertaken by the organization and how mature

High Speed Delivery

We need to understand the nature, required skills and resources for successful completion of the project. We need to ascertain if the project is manual labor-intensive or one that needs high IQ and skills. And we also need to be aware if such a project has ever been undertaken by the organization and how mature

Project SMEs

Always strive to strike balance with the resource mix. You may not always have all the top talents available for your projects. Even if they do, it will highly skew your resource cost thereby stretching your budget. Being a smart Project Manager, you must ensure you have the right Subject Matter Experts (SMEs) available to the project when needed plus enough resources who can execute under the guidance of the SMEs and leads.

Right mix of experience and energy is what you must aim for a project team!

The Client

Know Your Customer (KYC) – There is no alternative to it. Before beginning any engagement, we must spend considerable effort and thought to understand our customer. He is the one paying for the project and will sign on the project closure. Be very clear of how your clients like to be approached, informed and what is their desired communication mode and frequency.

Plan to put your seasoned client management personnel at the forefront for exceptional customer support and satisfaction. Having personnel who have worked with a diverse clientele and can anticipate customer needs in advance would prove hugely beneficial to the project manager.

A Balance in Skill Set

Experience counts and so does passion. Age doesn’t alone determine experience. Some people may have worked across several roles making them great multi-tasker while others may have specialized in one specific area making them your subject matter expert.

Perform phase review

We need to determine review criteria to evaluate each completed project task and inform team members of expectations regarding satisfactory performance. We also need to secure additional project personnel if your review reveals the need for additional resources to work on assignments to bring the project to completion on time.

Now to get going with your project planning refer to the upcoming chapter.