Top 10 PRINCE2 Project Management Projects
“When we have an idea, there’s an idea. A shared idea is better than an solitary prospect. It needs a conceptual dialog to work”. Albert Einstein
Project managers are expected to manage many activities in order to achieve a single objective. This is why people have a short attention span. As project managers we need to facilitate the multi-functional delivery of our ideas, plans and procedures. A structured approach to project management allows us to do this more effectively and efficiently. As on a PRINCE2 Belfast and practitioner training.
2. Project Office
Projects are completed by using many repetitive activities. Some projects are very long in duration both in terms of time and monetary spend while others are very short. A common problem for project managers is managing the critical path of activities and ensuring that the inputs are all presented at the same time and in the same quantities. The plan and work breakdown structure (WBS) are very effective when scheduling and managing these activities.
We have 11 different activities within the scope of the critical path which must be managed to create the deliverable. It is essentially a list of activities that are expected to deliver the deliverables.
3. Work breakdown structure
The WBS is a list of all the activities to be performed in order to complete each activity on the critical path. The activities can be identified as units of time (doll Tire hours), resources (o Ar Issues, Garbage Generated,onsense time and so forth) or some mix of these.
Organising a work-flow (the shortest possible/most efficient way to do a task) and hierarchical decomposition (classifying the tasks by likelihoods to involve failures/successes) is the fundamental tool for effective management projects.
4. Critical Path
The critical path is a group of activities that begin in one step and end in another. In order to do the activities required you must balance getting to the goal with getting to the Cola.
Using a Critical Path ensures that activities, far from unrelated, properly and efficiently flow together and are delivered in an efficient and cost-effective manner
Critical Path planning is often effective based on traditional project management workload scheduling but does not have been fully adopted by other companies.
Project managers must be aware that a major part of their job is to coordinate multiple activities and activities transitioning to each other. Some project sources/requests of the project board have more complicated/simpler packages then others. Often a group of resources (or all four, if that is the case) must be involved to determine products, schedules, and resources
6. Time Budget
The first major element is to define and define accurately the critical path activities needed to deliver the project. (this could be in hours by hours or minutes by minute) Failure to define the critical path ties up precious time and fails to achieve measurable results. Time Budgeting is the principle of objective setting (4 Critical Paths) in the most efficient and cost-effective manner. It is a planning technique that optimises the use of available resources.
The APM & PMP Fact Sheet states
“The success of each project is measured by how efficiently and effectively it performs against each identified critical path. The critical path execution criteria are chosen to ensure a high quality of outcome. Their execution must result in a superior product, schedule, and price”
7. Planning & Control
Project managers have a critical role to perform here. They must create the?stratification?of options in order to carry out effective planning. They then need to effectively control the activities to ensure that product delivers are as planned.
8. Risk Management
“The Risk Management Process is the identification and assessment of potential risks to an identified critical path (i.e. activities, revenues, income, quality decisions and all supporting functions) in order to design effective risk treatment and mitigation of risks to the project’s commitments.”
Projects are labour-intensive activities, even though you may manage hundreds of them at one time. Project managers should be viewed as project mangers who are vested in the outcome of their project (P&C) – the mindset needed is that of the biggest fish in the stream!