How to Submit Your Questions

Transcription

1 CFC s Project Management: Doing what the pros do! How to Submit Your Questions Step 1: Type in your question here. Step 2: Click on the Send button. Links Box

2 To Save Today s Presentation: 1. Click in Links Box to open presentation. 2. Click here to print or save presentation. CFC s Project Management: Doing what the pros do! If it wasn't for the 'last minute', nothing would get done. Calvin and Hobbes I love deadlines, I especially like the SWOOSHING sound they make as they fly past. Douglas Adams

3 Cheryl Taylor PMP CFC Project Management Office John Turner PMP CFC Information Systems Project Manager Polling Question Which of the following is the most expensive project? The Channel Tunnel in Europe The Central Texas Turnpike The Big Dig Tunnel in Boston The Trans-Alaska Pipeline The Hadron Collider in Switzerland Cheryl Taylor PMP CFC Project Management Office John Turner PMP CFC Information Systems Project Manager

4 What is Project Management? The PMI definition of a project is, a temporary endeavor undertaken to create a unique product, service, or result 1 It s the discipline applied to achieving the goal of a project which is to deliver a specific, well understood, results within a defined scope, budget, and timeframe Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK guide), page 5. The Project Management Life Cycle Initiate Plan Execute Monitor and Control Close The Triple Constraints BUDGET SCOPE SCHEDULE

5 The ideal scenario would be: A business problem / opportunity is identified and analyzed the need for a project is determined Project charter Executive sponsorship High level Scope, budget, and Schedule Identify and assign a Project Manager (only 1 PM) The ideal scenario would be: PM identifies all the project stakeholders and forms a project team Team plans the Project s execution The PM guides the project through the phases while monitoring the project s performance (adherence to Scope, Budget, and Schedule) The project is delivered within the Scope, Budget, and Schedule constraints What Supporting Tools are Available?

6 Are there potential pitfalls and problems to avoid? Most severe and highest probability pitfalls are in Initiating Lack of understanding the business problem Lack of executive sponsorship Most severe and highest probability pitfalls are in Planning PM with the wrong skill sets Not including all the stakeholders Poorly defined and understood roles for the project team

7 Most severe and highest probability pitfalls are in Execution Poor communication across all project participants Assigning tasks to the wrong resources not holding resources accountable for performance Letting an arbitrary deadline drive the project producing low quality results You Know You re in Trouble When The executive team at your organization asks: Just what is the purpose of this project? Key stakeholders starting asking about why things are going in a particular direction The project grinds to a halt because no one on the team seems to be willing to make a key decision It takes much longer than planned to complete the development phase of the project Primary Benefits Creates a road map for you to follow. Provides better risk management. Creates clearer communication between employees. Helps meet deadlines. Helps control costs.

8 Now let s turn it over to our audience! How to Submit Your Questions Step 1: Type in your question here. Step 2: Click on the Send button. Please take a minute to complete the NRECA survey. Your responses will help us improve the broadcast quality of these Web conferences!

9 Events & Training Tab Look for the replay of this program early next week Mark Your Calendar For Our Next Event: February 16, 1 p.m. Eastern Time The Final Installment Mergers: A Panel Discussion Bill.Clayton@NRUCFC.COOP This program Project Management: Doing what the pros do! is a copyrighted presentation of CFC. No portion of this program may be reproduced, used or distributed without CFC s written consent.

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