Been approved by top management has approved the

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been approved by top management has approved the project and Jane Doe is in charge, In other cases itmay include a scope statement with a statement of the business case(why the project is important) and apriority ranking. In either case, authority is transferred to the project manager not only formally by thecharter, but also informally by the stature of the sponsors of the project.In summary, close liaison with your customer is necessary to develop a project definition that meets allthe requirements of the customer. Clear scope definition ensures you will know when a change in scopeoccurs. A clear project scope definition is the primary prerequisite for development of your workbreakdown structure. Scope definition provides an administrative plan that is used to develop your
operational plan. Scope definition should be as brief as possible but complete; one or two pages aretypical for small projects.Step 2: Establishing Project PrioritiesQuality and the ultimate success of a project are traditionally defined as meeting and/or exceeding theexpectations of the customer and/or upper management in terms of cost, time, and performance of theproject. The interrelationship among these criteria varies. For eg. Sometime it is necessary tocompromise the performance and scope of the project to get the project done quickly or lessexpensively. Often, the longer a project takes, the more expensive it becomes. However, a positivecorrelation between cost and schedule may not always be true. Sometimes project costs can be reducedby using cheaper, less efficient labor or equipment that extends the duration of the project.One of the primary jobs of a project manager is to manage the trade-offs among time, cost, andperformance. To do so, project managers must define and understand the nature of the priorities of theproject. They need to have a candid discussion with the project customer and upper management toestablish the relative importance of each criterion. One technique that is useful for this purpose iscompleting a priority matric for the project that identifies which criterion is constrained, which shouldbe enhanced, and which can beaccepted:Constrain: the original parameter is fixed. The project must meet the completion date, specification andscope of the project or budget.Enhance: Given the scope of the project, which criterion should be optimized? In case of time and cost,this usually means taking advantage of opportunities either to reduce costs or shorten the schedule.Conversely, with regard to performance, enhancing means adding value to the project.Project Management Trade-off:Project Priority MatrixAccept: For which criterion is it tolerable not to meet the original parameter? When trade-offs have to bemade, is it permissible for the schedule to slip, to reduce the scope and performance of the project, or togo over budget?

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Term
Fall
Professor
N/A
Tags
Project Management, The Land, Sula, project manager

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