|
Scope Statement
In project management, scope statements can take many forms depending on the type of project being implemented and the nature of the organization. The scope statement details the project deliverables and describes the major objectives. The objectives should include measurable success criteria for the project. Overview A scope statement should be written before the statement of work and it should capture, in very broad terms, the product of the project (e.g., ''"developing a software based system to capture and track orders for software"''). A scope statement should also include the list of users using the product, as well as the features in the resulting product. Contents As a baseline scope statements should contain: *The project charter *The project owner, sponsors, and stakeholders *The problem statement *The project goals and objectives *The project requirements *The project deliverables *The project non-goals (what is out of scope) *Milestones *Cost estimates In more pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives. The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are clearly established, they should influence all decisions made by other people involved in the project – for example, project managers, designers, contractors, and subcontractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision-maki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scope (project Management)
In project management, scope is the defined features and functions of a product, or the scope of work needed to finish a project. Scope involves getting information required to start a project, including the features the product needs to meet its stakeholders' requirements. Project scope is oriented towards the work required and methods needed, while product scope is more oriented toward functional requirements. If requirements are not completely defined and described and if there is no effective change control in a project, scope or requirement creep may ensue. Scope management is listing the items to be produced or tasks to be done; their required quantity, quality, and variety; the time and resources available and agreed upon; and modifying the variable constraints by dynamic flexible juggling in the event of changed circumstances. See also *Cost overrun *Requirements management *Scope statement In project management, scope statements can take many forms depending on the t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statement Of Work
A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement. It defines project-specific activities, deliverables and timelines for a vendor providing services to the client. The SOW typically also includes detailed requirements and pricing, with standard regulatory and governance terms and conditions. It is often an important accompaniment to a master service agreement or request for proposal (RFP). Overview Many formats and styles of statement of work document templates have been specialized for the hardware or software solutions described in the request for proposal. Many companies create their own customized version of SOWs that are specialized or generalized to accommodate typical requests and proposals they receive. However, it is usually informed by the goals of the top management as well as input from the customer and/or user groups. Note that in many cases the statement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Charter
In project management, a project charter, project definition, or project statement is a statement of the scope, objectives, and participants in a project. It provides a preliminary delineation of roles and responsibilities, outlines the project's key goals, identifies the main stakeholders, and defines the authority of the project manager. In Initiative for Policy Dialogue (IPD), this document is known as the project charter. In customer relationship management (CRM), it is known as the project definition report. Both IPD and CRM require this document as part of the project management process. Purpose The project charter is usually a short document that explains a project clearly and concisely, and refers to more detailed documents for additional information. A project charter should: * Identify the scope of the project. * Provide a shared understanding of the project objectives. * Act as a contract between the project sponsor, key stakeholders and the project team, detailing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Owner
In project management, an executive or project executive is a person who has ultimate responsibility for a project, and is a role defined in the recognized project management framework PRINCE2. It is appointed by the customer during the start of the project and usually comes from the customer. The project executive is supported by the roles of senior user on the customer side and senior supplier on the supplier side, respectively. The tasks of the project executive involve securing funding, being responsible for the project delivering a product that achieves the goals that were set, and that this happens in a cost-conscious manner. The project executive is the main decision maker, and designs and appoints the rest of the project management team, including the other members of the project board and the project management team (project manager, team leader(s)/sub-project manager(s), project assurance and project support). The person must balance the requirements of the customer, the u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Sponsor
Executive sponsor (sometimes called project sponsor or senior responsible owner) is a role in project management, usually the senior member of the project board and often the chair. The project sponsor will be a senior executive in a corporation (often at or just below board level) who is responsible to the business for the success of the project. Responsibilities The sponsor has a number of interfaces and responsibilities for the project. Board The responsibilities for which the sponsor is accountable to the board are: * Provides leadership on culture and values * Owns the business case * Keeps project aligned with organization's strategy and portfolio direction * Governs project risk * Works with other sponsors * Focuses on realization of benefits * Recommends opportunities to optimize cost/benefits * Ensures continuity of sponsorship * Provides assurance * Provides feedback and lessons learned Project manager The governance activities that take place between the sponsor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Stakeholders
Project stakeholders are persons or entities who have an interest in a given project. According to the Project Management Institute (PMI), the term ''project stakeholder'' refers to "an individual, group, or organization, who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project". ISO 21500 uses a similar definition. Stakeholders may be located inside or outside an organization, including: # the project's sponsor; # those with an interest or the potential to gain from the successful completion of a project; #anyone who may have a positive or negative influence in the project completion. Example roles The following are examples of project stakeholders: * Project leader * Senior management * Project team members * Project customer * Resource managers * Line managers * Product user group * Project testers * Any group impacted by the project as it progresses * Any group impacted by the project when it is completed * Subcontracto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Problem Statement
A problem statement is a concise description of an issue to be addressed or a condition to be improved upon. It identifies the gap between the current (problem) state and desired (goal) state of a process or product. Focusing on the facts, the problem statement should be designed to address the Five Ws. The first condition of solving a problem is understanding the problem, which can be done by way of a problem statement. Problem statements are widely used by most businesses and organizations to execute process improvement projects. A simple and well-defined problem statement will be used by the project team to understand the problem and work toward developing a solution. It will also provide management with specific insights into the problem so that they can make appropriate project-approving decisions. As such, it is crucial for the problem statement to be clear and unambiguous. Purpose The main purpose of the problem statement is to identify and explain the problem. This inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Objective
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget. The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives. The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are clearly established, they should influence all decisions made by other people involved in the project – for example, project managers, designers, contractors, and subcontractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision-makin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deliverable
A deliverable is a tangible or intangible good or service produced as a result of a project that is intended to be delivered to a customer (either internal or external). A deliverable could be a report, a document, a software product, a server upgrade or any other building block of an overall project.Cutting, Thomas.Deliverable-based Project Schedules: Part 1. PMHut.com (Last accessed 8 November 2009). A deliverable may be composed of multiple smaller deliverables. It may be either an outcome to be achieved (as in "The corporation says that becoming profitable this year is a deliverable") or an output to be provided (as in "The deliverable for the completed project consists of a special-purpose electronic device and its controlling software"). Some deliverables are dependent on other deliverables being completed first; this is common in projects with multiple successive milestones. In this way many time-savings are possible, shortening greatly the whole project final supply term. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milestone (project Management)
Milestones are tools used in project management to mark specific points along a project timeline. These points may signal anchors such as a project start and end date, or a need for external review or input and budget checks. Some contracts for products include a "milestone fee" that may be paid out when certain points are achieved. In many instances, milestones do not impact project Duration (project management), duration. Instead, they focus on major progress points that must be reached to achieve success. Using milestones in scheduling Milestones can add significant value to project Schedule (project management), scheduling. When combined with a scheduling methodology such as Program Evaluation and Review Technique (PERT) or the Critical Path Method (CPM), milestones allow project managers to much more accurately determine whether or not the project is on schedule. By constraining the dates associated with milestones, the critical path can be determined for major schedule int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost Estimate
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost estimator is the professional who prepares cost estimates. There are different types of cost estimators, whose title may be preceded by a modifier, such as building estimator, or electrical estimator, or chief estimator. Other professionals such as quantity surveyors and cost engineers may also prepare cost estimates or contribute to cost estimates. In the US, according to the Bureau of Labor Statistics, there were 185,400 cost estimators in 2010. There are around 75,000 professional quantity surveyors working in the UK. Overview The U.S. Government Accountability Office (GAO) defines a cost estimate as "the summation of individual cost elem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
