The Initiation Of A Project

Working to understand the risks a project may endure along with the cost associated is critical in every project management plan. Understanding potential risks based on the project type, resources needed, timeline and budget still leaves gaps that creates uncertainty for actually predicating the outcome of the project. There is not a true way to predict when and where a project risk will occur but designing a plan to properly address and manage those risks will increase confidence while eliminating the element of surprise.

A group of three people will including me will make a project brief first, secondly one of us will make project plan which will show background of project, aims and objectives of project and also will show resources, evaluation of project and approvals.

The key to a successful project is in the planning. Creating a project plan is the first thing we should do when undertaking any kind of project. A project plan can allow a Project Manager to complete a project within a specified timeline and a specified budget.Reaching these important goals, will make the project customer happy and help the organization to build a good relationship with the customer for future projects. Project planning is fundamental in order to avoid failure and disappointment. In project management, effective planning is absolutely required if the individual or group wishes to deliver a finished project on time and on budget. From a Project Management article (http://www.brighthub.com/office/project-management/articles/40904.aspx) I read that during the project planning phase, plans are developed in the form of project baselines for schedule, cost, scope, quality and risks, all of which are components of the overall project plan. This gives the Project Manager basis for monitoring project progress and upon which to base decisions necessary for managing changes needed to help get the project back on track.

The first step will be to look at the goals of the project, and align them with the mission of the company. Systematically, the project will be broken into phases: Planning, Organizing, Staffing, Directing, Coordinating, Budgeting, Evaluating, and Reporting. Each phase will be further broken down into tasks and placed into a work breakdown structure. From this view, one is able to see the entire project duration, critical path, and milestones. The Planning phase is integral in any project. This phase of the project defines project objectives, mission, goals, and approach. In addition, outlining key elements of the project is critical: performance expectations, risks analysis, and contingency plans. However, after completion

One of the most important considerations before embarking on the development plan is to ensure

For the purposes of this paper, I analyzed the fundraising reports produced by teams analyzing the nonprofit organizations Mary’s Center, Partners in Care, Reading is Fundamental, and Kids in Need of Defense. These analyses led me to believe that the team evaluating the fundraising strategy for Kids in Need of Defense crafted the most effective report because of its well-considered recommendations based on lessons learned during the nonprofit fundraising course. As an individual student, the most important lesson that I learned from the course involved my shifted mindset around the concept of fundraising and how such a shift for nonprofit can lead them to make greater social impact.

As the project leader, my responsibility included preparing a schedule on how to complete the project and also assigning tasks to the members. I ensured that I planned the project well so as to ensure that every member received an assignment that they qualified to complete and also allocated sufficient time for completing the project. Since I had other school assignments to complete, I made sure that I planned my work well so that to be able to complete other assignments within the required time. I managed to foresee the completion of the project, and I never had problems in completing my other duties. Something that can make planning effective in the future involves all the personnel. So that the planning can be successful, it is essential to ensure that you involve all the relevant people. In this way, it helps in creating a commitment to the plan and also its

Incorporate the needs analysis, ERD, DFD, and risk analysis with the high level project plan to produce the detailed project plan defining exactly what, who, when and how the project will be carried out.

Throughout my career history I have managed several business critical projects; these projects have given me a wealth of knowledge, industry experience and the confidence to take on more advanced projects that are asked of me. Every project that I have ever been responsible for, I have always ensured that there was a comprehensive project plan written up. This included well defined requirements, realistic schedules, clearly identified resources, risk assessment, and budgetary due diligence.

AS DESCRIBED IN THE CHAPTER PROJECT PLAN DEFINES THE STEP BY STEP PROCEDURES AND SCHEDULE OF THE RESPECTIVE PROJECT WHERE.AS THE PROJECT CHARTER OUTLINES THE ECONOMIC LIMITATIONS AND AVAILABILITY OF BUDGET FOR THE PROJECT AND SUB.SUMES THE PROJECT RISK MANAGEMENT.

The aim is to complete the project with the traditional sequence, following the stages from the planning stage to the completion stage. Also, more emphasis will be given to human and physical resources, which should make it easier to exploit all constraints associated with the project and making it a priority.

The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and

During the project initiation phase, I can work collaboratively with the project sponsor in the development of project charter and lead up to the formal authorisation of the project/ new phase. From the sponsor’s project SOW (Business need, product scope), Business case etc., I can identify measurable project objectives, high level requirements, risks, summary milestones and budget and approval authorities. The key deliverables in this phase are project charter and stakeholder lists.

Project Management is the essential part of an organization to take necessary efforts to create a product or a result. As the organization grows large the complexity and the risk factors goes high. Each project has a project manager. Managers have to monitor and coordinate different projects at the same time and it is an art or skill to getting things done by others. Every project has its life cycle that means a start and end point. Some may be successful and some may not. There are some critical factors which restrict from success and eventually lead to project failure. Apart from the critical factors, all organisations should have clear understanding of why particular project is important. Is this project is prioritized? .WHAT to achieve, WHEN and HOW to complete the project (Sara, Amaya ,Angel,Pedro,2013). Primary analysis of these questions are necessary for the success.For a project “requirement and specification” plays a vital role. Design, planning, use of resources and cost estimation of a project are done based on the requirement and specification. A project with well defined objectives with efficient definitions shows the way to success.Functions of Project Management includes activities such as planning, cost control, quality control, risk management and safety management in order to achieve project goals (Sara, Amaya ,Angel,Pedro,2013) .

This report will consist of the recommended sections a project plan should possess. These sections include a framework, necessary