What are the important factors in planning and implementation of the project plan?
involving few activities, resources, constraints and inter-relationship can be
visualized easily by the human mind and planned informally. However, hen the project
crosses certain threshold level of size and complexity, informal planning has
to be substituted by formal planning. The need for formal planning is indeed much
greater for project work than the normal operations. Without effective planning,
there may be chaos.
Planning a vital aspect of management, serves several important functions.
Areas of planning:
Planning the project work.
Steps in project planning:
Setting the project objectives.
Project objectives and policies:
Often, the focus of project planning is on questions like who does what and when. Before such operational planning is done, the objectives and policies guiding the project planning exercise must be articulated. The questions to be answered in this context here: What are the technical and performance objectives? Where are the time and cost goals? To what extent should the work be given outside contractors?
How many contractors should be terms of contract? Well-defined objectives and policies serve as the framework for the decisions to be made by the project manager. Throughout the life of a project, he has to seek a compromise between the conflicting goals of technical performance, cost standard, and time target.
Work breakdown structure:
The work breakdown structure, as its name suggests, represents a systematic and logical break down of the project into its component parts. Thus breakdown structure helps in:
Effective planning by dividing the work into manageable elements, which can be
planned, budgeted, and controlled.
Essentials for successful project implementation:
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