The project management process
groups are:
1) Initiating activities, which include defining and authorizing a project or project phase;
2) Planning activities
include devising and maintaining a workable scheme to ensure that the project
addresses the organization's needs;
3) Executing activities
involves coordinating people and other resources to carry out the various plans
and create the products, services, or results of the project or phase;
4) Monitoring and
controlling activities is regularly measuring and monitoring progress to
ensure that the project team meets the project objectives;
5) Closing activities involves formalizing acceptance of the project and project phase and ending it
efficiently. Closing- 2%, around $2,000 and 1 week time spent; Monitoring and
Controlling- 4%, $4,000 and 2 weeks’ time spent; Executing (clearly requiring
the most resources, money and time spent)- 82%, $82,000 and around 10 months’
time spent; Planning- 11%, $11,000 and around 6 weeks’ time spent; Least amount
of resources and money is the Initiating Process- around 1%, $1,000, and about
3 to 4 days’ time spent.
It's important to point out that all of these processes are inter-related. They double over, occur concurrently and repetitively, are time and stage proactive and retro-active, and must be reconsidered throughout the life of any project.
ReplyDeleteThe planning process alone includes the scope management plan, schedule management plan, cost management plan, and the procurement management plan.
A study was done and data was collected from 860 managers of various projects, showing that giving greater time to planning, resulted in less time and money for executing. As such, one of the only constants to be sure of, is that all projects are different, unique, and will ultimately call for custom applications for all the processes and activities.
Mixing up weeks, days, and months in the answer make it impossible to calculate if you used a years time and all of the funds. Need to to stick to one method. Pf. Forman
ReplyDeleteMixing days, weeks, and months in the answer makes it impossible to validate that the correct time and dollars were utilized. Pf. Forman
ReplyDelete