Hasty project management planning will end in waste
Just like the old age proverb ‘measure twice, cut once’, a project manager should be very conscious in terms of proper planning before execution of the project. Since planning plays a vital role in evaluating the resource required for the project and determining the desired output, a project rush through or negligence during planning will result in serious consequences. Here, in this blog, we’ll discuss the factors and traits in project planning that impacts the positivity or negativity of project output.
Coinciding with business objectives
A project planning must ensure that the project meets all the business objectives and aligned in accordance with the strategies followed by the business. Lack of this strategic and objective alignment will result in risks and damages. In order to make sure that project consistently aligns with the business objectives, it is wise enough to choose EPMO (Enterprise Project Management Office). The EPMO will also help the organization in sharing the vision significantly. It is estimated that the projects with Project Management Offices has higher success rate and increased performance (according to PMI research).
Planning should include the determination of Cost, Time and Quality Constrains
In order to ensure the end-result and scope of the project, the project management unit should considerably engage in proper planning of the cost, time and quality constraints of the project. To make sure of that, the essential elements needs to be included in the project and comprehensive activities should be assigned along with the project effectively.
Optimized usage of resources
When the planner of the project includes the estimation of cost and resources required for the project, the process of optimizing the resource usage is made easy. By pre-assigning the required resources to various sections of the project in accordance with the necessity, will cut down the wastage of resources during the project development.
Communication with team and stakeholders
The plan should include the communication with stakeholders and the project team at all the required intervals. This will ensure the transparency, objectivity, fairness, confidence and trustworthiness of the project between the team and stakeholders. After all, the commitment of the stakeholders is very important to break many barriers and obstacles involved in the project management.
Increased Risks
While planning the project management, the professional should allocate time and resources to identify and evaluate the risks associated with every step proceeded in the project cycle. These risks analysis should be both qualitative and quantitative to determine the appropriate tackling solution. Since these processes are volatile it takes short to very long time, it is better to allocate enough time and resource to tackle such cases.
A project management profession is a very challenging and interesting profession, Are you interested in becoming one? You’re just a click away.
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