W3. Project Initiation (Communications, Stakeholders).pptx...

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PROJECT MANAGEMENT BUS1040 Week 03: Project Initiation Instructor: Ahsan Irshad
Recap: Project Selection Definition Planning Execution Close-out Project Selection Project Life Cycle Project Selection is the process of evaluating individual projects or groups of projects, and then prioritizing/choosing to implement some set of them so that the objectives of the parent organization will be achieved
Recap: Project Definition Project Charter is the project document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
What is Project Life Cycle?
Project Planning: Project Life Cycle Definition Planning -= Executi on Close-out What are we trying to achieve? Project Goals Stakeholder Goals Consistent Expectation of Project Scope, Project Schedule and Project Cost How will we achieve this? Who is needed? What will they do? When will they do it? Develop a baseline Let’s get going! Resources work towards completing the plan and goals that have been setup in the previous two phases Collect feedback Measure what you are doing How do we close the project off?

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