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Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
Initiation
Planning
Implementation
Closure
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
Project Pre-Feasibility
Project Strategic Dimension Project Goal & Objectives, Cost & Time
Project Charter
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
Limitations of the Project Initiation Phase In the project initiation phase, a typical and serious limitation is the lack of available of quality informa-tion which exists about the project especially for complex projects and projects of a kind which have not been attempted before. At initiation a projects feasibility, outcomes, scope, requirements and specifications, cost, time and risks, stakeholders, resource needs etc. are often not known with a high degree of precision with the result that the project may take longer, cost more and generally be more diffcult to do than first Assistant thought when itProfessor Dr. Aurangzeb Zulfiqar Khanand was con-sidered Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
(Project Goal, Objectives, Cost & Time) Every project has one goal which is the ultimate des-tination of all project initiation, planning, execution and other activities. In addition to its goal, projects can have multiple objectives. For example, when an NGO undertakes a project to improve secondary education facilities for students in a district by constructing a new school building, some of the project objectives may include prioritizing local resource suppliers and recruiting and selecting teachers preferably from the commu-nity.
All projects necessarily incur cost and require time (per definition). Despite the existence of several estimation methods, Assistant Professor Dr. Aurangzeb Zulfiqar Khan acurate initial of Information Technology, Islamabad, Pakistan Department of Management Sciences, COMSATS Institute assessment of a projects
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(Project Requirements & Specifications) Requirements and specifications are key elements of any project. The success or failure of the project is assessed largely in terms of the extent to which it satisfies its requirements and specifications. Requirements and specifications imply that a pro-jects deliverables must exhibit certain defined capa-bilities in terms of appearance, function, perfor-mance etc. For example, the owners of a planned shopping mall may require that it is designed as a three-storied glass structure, is aesthetically pleasing, can accommodate up to 120 shops and 25,000 visitors daily, in addition to conforming to all city building and environmental regulations. The owners Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan can also specify the dimensions of the
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(Project Assumptions and Constraints) Projects are usually undertaken in very complex internal and external environments and are subject to a multitude of factors and influences. Assumptions may constitute the basis for the subse-quent planning and execution of the project. For example, an assumption could be that the cost of project inputs will not increase over the project life-cycle, that project requirements will not signifi-cantly change and that all key stakeholders will support the project.
Constraints are factors which have a limiting effect on how the project is undertaken. These include for example Assistant Professor Dr. Aurangzeb Zulfiqar Khan constraints with regard to project policies, Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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(Project Policies, Processes, Systems etc.) Projects are not undertaken in a vacuum but in an environment which is characterized by diverse policies, processes, systems, infrastructure and so forth. Project success is conditioned in part by the maturity of these environmental factors. When considering a new project careful thought must, therefore, be given to whether the project can be supported to the extent it requires through the organizations existing assets.
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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A Pre-Feasibility Study is done with the purpose of determining whether or not it is worthwhile to proceed with a detailed Feasibility Study of a project. Pre-Feasibility Studies have exploratory framework character but sometimes they evolve into full-fledged Feasibility Studies. Pre-Feasibility Reports are usually of a (comparatively) short length and duration than Feasibility Reports which analyze a project in great detail.
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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A Feasibility Study is done with the purpose of deter-mining whether or not it a project should be under-taken. A formal study is typically performed on large, complex projects. Feasibility Studies can be regarded as projects in their own right and are usually undertaken by experienced consultants. Feasibility studies can be very detailed and explicit, spanning volumes in some cases. They look at alterna-tive solutions and come up with the best possible one.
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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A Feasibility Study examines at diverse issues, including the projects technical feasibility, its financial viability, its social desirability and legal acceptability. On infrastruc-ture projects a Feasibility Study may assess the projects ecological consequences and impact on archeological and cultural assets. The Feasibility Report can contain a lot of useful infor-mation for the project planning phase.
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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Karnataka State Highways Improvement Project Hotel Development in Isle of Wight County, VA, USA
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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The Project Preliminary Project Organization Scope Statement provides Project Cost and Schedule an indication of the project deliverables and serves as Configuration a guide for developing the Project Approval Requirements detailed project scope Project Acceptance Criteria statement and for planning the project. Assistant Professor Dr. Aurangzeb Zulfiqar Khan
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Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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Project Charter According to the Project Management Institute, the Project Charter is the document that formally authori-zes the project. The Project Charter provides the Project Manager and Project Team with the authority to use resources for the purpose of undertaking the project. The Project Charter is usually short and is issued by the Project Sponsor or a senior official outside the level of the project organization.
Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan
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Project Charter Information contained in or referred to in other project documents the Project Charter may span the following:
Project Background Purpose for undertaking the project Project Justification Requirements Stakeholder expectations from the project Assumptions and Constraints Project Organization Stakeholder Roles and Responsibilities Schedule and milestones Indication of budget Assistant Professor Dr. Aurangzeb Zulfiqar Khan Department of Management Sciences, COMSATS Institute of Information Technology, Islamabad, Pakistan Supporting infrastructure 25
CMS
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