Alexandra Faunce November 19, 2020 Project Management
The next phase is the execution phase. Here the project must be monitored and managed. A schedule is derived which includes work breakdown, followed by allocation of tasks to people, allocation of resources and finally setting up deadlines for tasks. It is very important to have both a short-term goal and a long-term goal. While the long term goal is to get the product done, the short goals must be imposed by the project manager, who helps in guiding and motivating the members of the team working on the plan. Two important documents namely the issue log and the risk log which are both maintained by the project manager. The issue log keeps track of issues raised by the stakeholders and the risk log considers the vulnerabilities of a system.
The project schedule is the central part of the project plan and it is used to connect the tasks to be done with the resources that will accomplish them. It consists of a list of deliverables with intended start and finish dates. Deliverables are the lowest level elements in a schedule, which are not further subdivided.
All projects have control points and required deadlines, where progress is monitored and measured. In the event that a deadline is missed then the overall impact on project completion time can be assessed, and if necessary new timetables drawn up, re-negotiated and agreed. Action Plans are lists of tasks/individual actions that are carried out to achieve a single and objective or outcome - in this case, the specific project. Action Plans focus on the achievement of a single goal, the action may then be translated in to a to-do list/diary cum calendar which cover many goals.
Among all the tools at our disposal for managing projects, checklists are perhaps the simplest and most productive means of building consistency in work practices. Checklists are useful in almost every field of human endeavor, and in particular where repeatability and systematic action drive performance. Yet they are still much under-used in the planning and managing of projects.
Prior to creating the project schedule the project manager must have a work breakdown structure (WBS), an effort estimate for each task, and a list of resources with availability for each resource. Once these data are established a project scheduling tool can automatically do much of the tedious work of calculating the schedule. However, before a project manager can use such tools, he should have an understanding over concepts like WBS, dependencies, resource allocation, critical paths etc. These are the real keys to planning a successful project.
One of the challenges of explaining project management to people who are unfamiliar with the approach, is that descriptions are often either so high-level as to be meaningless, or so detailed that they are overwhelming. Over the years, I have come to use a model as a framework for introducing and discussing project management tools and techniques. It can be used as the basis for a five-minute explanation of what is involved in project management, but also as an outline for more detailed discussions. The actual model can be found on the Key Consulting website under free templates and info.