FIT2002 Lecture Notes - Lecture 3: Project Plan, Project Charter, Project Management
13 Jun 2018
School
Department
Course
Professor
L3: Project Integration Management
Project Integration Process
1. Developing project charter
●Working with stakeholder to create the document that formally authorises a project
(a charter)
2. Developing project management plan
●Coordinate all planning effort to create a the document that is the project
management plan
3. Directing and managing project work
●Carrying out the project management plan
4. Monitoring and controlling project work
●Overseeing the activities taking place
●Make sure the are up to standards
5. Performing integrated change control
●Identifying, evaluating and managing changes throughout the project life cycle
6. Closing the project or phase
●Finalising all activities to formally close the project/phase
Strategic Planning and Project Selection
Strategic Planning
●Determining long-term objectives
●Predictive future trends
●Projecting the need for new products and services
●Identify potential projects
●Use realistic methods to select what projects to work on
●Formalize project initiation by issuing a project charter
SWOT Analysis
Analysing the:
Strengths
Weaknesses
Opportunities
Threats
Information Technology Planning Process
Methods for Selecting Projects
Focusing on broad organisational needs
●Everyone agreeing that the project has high value
●Criteria:
○Need for the project
○Funds are available
○Strong will to make the project succeed
Categorising IT projects
Project’s impetus (whether the project addresses)
●A problem
●An opportunity/ a directive
Time Window : Some project must be finished in a certain time window or it is not valid
Overall priority of the project : Higher priority projects should be completed first
Financial analysIs of Project
Methods of determining the financial value of projects:
●Net present value (NPV) analysis
○Method of calculating the expected net again or loss by deducting all expected
future cash inflows and outflows to the present point in time
○Higher the better
Document Summary
Working with stakeholder to create the document that formally authorises a project (a charter: developing project management plan. Coordinate all planning effort to create a the document that is the project management plan: directing and managing project work. Carrying out the project management plan: monitoring and controlling project work. Make sure the are up to standards: performing integrated change control. Identifying, evaluating and managing changes throughout the project life cycle: closing the project or phase. Finalising all activities to formally close the project/phase. Projecting the need for new products and services. Use realistic methods to select what projects to work on. Formalize project initiation by issuing a project charter. Everyone agreeing that the project has high value. Strong will to make the project succeed. Time window : some project must be finished in a certain time window or it is not valid. Overall priority of the project : higher priority projects should be completed first.
