ipl-logo

Project Planning In Project Management

1120 Words5 Pages

PROJECT PLANNING:
What is project planning:
The project planning process is a broad concept which usually entails the objectives and the requirements of the project in terms of :
1. Project Scope
2. Project schedule
2. Resource Requirement
3. Project Cost estimation
4. Project Quality and
5. Project Risk Management
These requirements are then converted to the Work Breakdown Structure, tasks list, Gannts charts, resource assignment and risk register, etc. After a project charter document which once gets approved, acts as a green signal for the project to be initiated. Based on the project charter document and the project requirement document, a project plan is formulated.
Why do we need project planning in Project Management:
In order for a …show more content…

Resource Requirement Estimation Carrying out an estimate of the type (skill set/ experience, etc.) and people, software required to perform translation using tools- Projectex and Studio software.
Task durations Estimation Generate an approximate of the time frame needed to complete individual activities with estimated resources using software Projectex. PMs at Akrapovic always add tolerance for duration of activity to avoid delays in submitting translated document before specified deadline.
Schedule Development PM analyses sequences of activities to be conducted, the time frame required, proof readers, translators and software required, and constraints arising due to scheduling. This analysis helps generate a project schedule which is approved by stakeholders (client company) This serves as a guideline for the project.
Fig. 2
• Project Resource …show more content…

Six Sigma
2. Cost of Quality
3. Total Quality Management
4. Failure Mode and Effective Analysis
5. International Organisation for Standardization
A project must align with principles and policies of project management to deliver quality output from the project.
• Risk planning
Risk Identification Risk arising in a project can be managed successfully depending on whether the team is hands-on in identifying & act immediately to reduce the effect of risks on project.
The risk should be classified into different categories based on the impact.

Risk Assessment This involves assessing the risk probability and impact with the team members and indicating the level of tolerance of risk that will be acceptable to client companies and the strategy to be implemented if risk level crosses the tolerance level.
Akrapovic may be subject to risks such as Technical problems, delays or inability in meeting deadlines.
Risk Response The PM or risk planner must discuss responses that should be avoided, accepted and actions that can mitigate or transfer the risk.
Risk Management 1.Prepare a mechanism which will outline how to approach a risk, whom to ask for advice, and what tools to use.
2. Specify the roles and responsibilities in case a risk

Show More
Related

  • Hrm 531 Week 2 Team Assignment

    682 Words  | 3 Pages

    Project staff assignment documentation – includes names of project team members, memos to team members, and a project team directory. The Project Schedule – The project schedule includes start and finish dates for project activities, assignments and timing for specific leaders, workers, or other project resources. Resource requirements - The Schedule Development process includes estimates of the resource requirements for a project. Some activities may require double resources.

    Read More

  • Avingcs Collaboration Structure

    350 Words  | 2 Pages

    Milestones and assignments to each responsible individuals working on the project are defined. The reports are requested from individuals to make sure the project and work is moving forward and everyone is on schedule. The work is managed with schedule, deliverables, and assigning capable leads to drive the projects and taking report from the leads. This way, it makes the management hours to be flexible and leaves enough time to respond to issues or needs.

    Read More

  • An Overview Of Buckeye Brownies

    830 Words  | 4 Pages

    The competitive dimensions that benefit Buckeye Brownies the most are superior product quality and reliability. Buckeye Brownies started their business off of the idea that there were no other dessert options offered premium desserts within range of students on campus. The company valued itself on premium ingredients to make the best tasting brownie, freshly produced. Being able to deliver a fresh out of the oven brownie was something almost no other company could replicate. These two competitive advantages is what allow the company to prosper and keep a positive incoming revenue, if they would create sub-par products, and not be right on high street, their business would surely fail.

    Read More

  • Unit 3 P4 Health And Social Care Risk Analysis

    392 Words  | 2 Pages

    Risk is a part of daily life, but our attitudes and approaches to risk vary depending on a range of factors such as context, time, situation, previous experience, etc. To assess different situation, we will use different approach as well as if we are considering risk that we are taking in personal life or risks that service user are taking in theirs. The risk assessment process is not about creating huge amounts of paperwork; it is about identifying and taking sensible and proportionate measures to control the risks. The provision of care and support should be tailored to meet the needs of the individual and should encourage them to do what they can for themselves.

    Read More

  • Writer's Hotline Bling: Case Study

    1215 Words  | 5 Pages

    What is the background of the problem? Oscoda County is having trouble and needs our help writing business type documents. A hotline was suggested by some of the employees there that will help in correction of certain business type material. This will be a free service but there would be a need for some type of fund for the business. What will be the outcome of the project?

    Read More

  • Hrm 531 Week 9 Final Project

    404 Words  | 2 Pages

    Address any variances in budget reporting from previous reporting period. Include: (1) Estimated Total Project Budget, (2) Estimated Construction Budget, and (3) Dollars Expended to Date. If there is a Financing Agreement for this project, provide an update. If none, indicate that. Section 5 – Project Scope and/or Quality Items Indicate any adjustments or considerations that impact or change the project scope or quality (such as pending change orders, standards waivers, etc.)

    Read More

  • Outline The Key Points Of Legislation In Health And Social Care

    2750 Words  | 11 Pages

    Everyone in the work place should avoid actions that could potentially cause harm to others. They should follow work place policies and procedures and report any accidents/incidents. Their responsibilities would be the same as mine. Others in the work setting Health and safety applies to everyone even if they are not an employee. Everyone has a duty of care to protect them self and others.

    Read More

  • Nt1330 Unit 1 Checklist

    555 Words  | 3 Pages

    You need to create the project scope; how big the project will be and the deadline, budgeting, etc. You need to breakdown to the goals and milestone into task that would be completed. You need to identify constraints that restrict not just the project as a whole but the tasks themselves. You need to think of how many people should work on one task and if one task is related to another. 6.

    Read More

  • What Is The Pcnet Project Case Study

    674 Words  | 3 Pages

    Risk responses are guided by our established risk tolerance. In setting these goal one of which was to finish six months eelier than the project actual did we all see the project management description of coming in on time and budget with projects.

    Read More

  • The Complexity Theory In Project Management

    911 Words  | 4 Pages

    To organise for project management requires an understanding of the organisation’s architecture which includes the organisational hierarchy - the grouping of internal business units, the authority lines and interaction with one another. Each of these aspects should be designed to support project management within the organisation. Structure should follow strategy or else it may impede communication, coordination and decision making which are all key to success (Brevis, 2014, p. 224). Hence, an important function of upper management is to support project teams by either redesigning the organisation to emphasize projects or integrating projects into the current organisation (Graham & Englund, 2004).

    Read More

  • 3m Case Study: The Six Sigma At 3M

    1265 Words  | 6 Pages

    To analyze and properly assess Six Sigma program, its impact upon the organization and its employees it is necessary to distribute the work of the program into three categories: benefits, costs and risks. As a consequence, benefits of the Six Sigma usage consist in the fact that the level of employees’ productivity had been risen. In other words, the expected outcomes of the work were reached and, in the majority of cases,

    Read More

  • Advantages And Disadvantages Of Efqm

    1288 Words  | 6 Pages

    This report will discuss the use of Six Sigma as an approach to improving business strategies and developing an organisations perceived “excellence”. It will investigate the criteria and definitions of the European Foundation for Quality management (EFQM) and assess the advantages and disadvantages of combining Six Sigma with the EFQM business model. 2 Introduction EFQM is a non-profit foundation that strives to assist organizations in creating an environment in which they can thrive in the field of “excellence”. The EFQM business model offers an outline that encourages collaboration and innovation between different businesses, sharing ideas and best practises to be able to compete on a global scale . This rounded and open approach means

    Read More

  • Final Project Reflection Paper

    925 Words  | 4 Pages

    In this course I have been assigned 4 major projects and 4 mini projects. The four major projects are the memo assignment, the resume and application letter project, the feasibility report, and the instructions project. Of these four major projects

    Read More

  • 1.2 Explain How To Monitor And Maintain The Risk Analysis

    607 Words  | 3 Pages

    This means they are responsible for the safety of children, young people and also the staff. There should be a clear ‘lines of responsibility’ for all workers etc to read in order for them to know who they must report to with any important information and to be accountable for. 1.2- Explain how to monitor and maintain the awareness of risks and hazards- It is important that we maintain a safe environment in order to be aware and prevent accidents that may occur depending on the following factors:  The environment-

    Read More

  • Reflection On Project Management

    859 Words  | 4 Pages

    Reflective Journal Student Name: Talita Silva Lima Programme: Higher Diploma in Science – Cloud Computing Month: July 1. Project Management In this section I will explain in detail my project management through a Gantt Chart and what I have done since my last journal until now, how my time management is going in order to delivery this project before the deadline and some of my achievements.

    Read More

More about Project Planning In Project Management

Open Document