COMM 153 Chapter Notes - Chapter 3: Project Charter, Feasibility Study, Executive Sponsor

• School: Queen's University
• Department: Commerce
• Course: COMM 153
• Professor: John Phelan

Document Summary

Needs & demands for projects strategic considerations bring about a project helps to de ne project goals establish a process and formalize how the project will be prioritized: business need/strategic opportunity. Increasing ef ciency, reducing costs, utilizing resources, etc: market demand. Needs of the marketplace can drive project requests. Changes in economy/supply & demand cycles: customer request. From internal/external customers: legal requirement, technological advance. Take advantage of new software capabilities and generate more pro ts: social need. Project concept document: outlines objectives and high-level goals of the project; used in selection process to determine whether the project should be approved/denied. Enough detail to initiate a project and determine bene ts. Project manager"s high level planning estimates (timeline, areas of impact) Selecting & prioritizing establish a selection committee that will review concept documents based on decided upon criteria & nancial review consider limited resources and time.