A Project is an initiative, by definition is a temporary endeavor set to create a unique product or a service which has a defined start and end date, specific goals and conditions, defined roles and resp, constraints and risks etc.
Some people do not have a clear idea of what a project consists of. Project is not about setting up a bunch of repetitive Tasks and making sure that they happen. It is much more than that. True projects involves a unique effort (If it is repetitive, it is no longer a project), Projects have clearly defined objectives, have a defined lifespan or a one time effort.
Let's take an example of a Project and how it would be executed.
Again, every project is unique but it does follow some common standards and Guidelines, more or less
Digging a well is a project. It involves a predefined and a set Objective,
Objective - Dig a well so that it provides drinking water to a set of people (Stakeholders).
There are a bunch of people to bear the expenses for the well being dug (Sponsors)
There are a bunch of people who will dig the well (resources)
The well digging initiative will be managed by a person (Project Manager).
The activities performed by the manager will be something along these lines,
- Project sponsors come with a requirement ( Dig a well). They have a budget and an objective and a high level roadmap in mind (Provide water to group of people by end of next 3 months - Budget $5000)
- Project sponsors appoint a Project Manager who starts with meeting the stakeholders involved, sponsors to understand scope, budget, timelines.
- Prepares a Plan based on high level Scope understood, sets Milestones, plans resources, deliverables to be achieved/delivered.
- Prepares a schedule based on this High level plan.
- Gets resources approved, allocated for the project term duration
- Prepares a high level communication plan, risk analysis and management plan, configuration and change management plan
- Gets a sign off on the project charter, SOW
- Holds a project kick off meeting with all the stakeholders involved on the project.
- elaborates on the Project plan with the Project Team wrt identifying the work activities, schedule, risks, mitigation plans etc
- Team designs and develops as per the plan
- Regularly meets with the Team to identify issues, risks, mitigation plans/strategy, works on coordination and facilitation activities.
- Regularly updates the Stakeholders, Sponsors etc on the overall Prject status
- Finally project is delivered to the Stakeholders
Share your comments and feedback on Project Management Topics. This Blog discusses about general Project Management tips and articles. It focuses on how different Project Management aspects like cost, time, scope, quality and resources impact an IT project and their relationship to Property and Casualty related Policy, Billing and Claims Projects. This blog also has posts about Insurance Concepts and insurance industry functioning and processes