Lesson 3: Some Topics on Project Communication Management

Some Topics on Project Communication Management

For bigger projects communication also needs to be preplanned and executed effectively. Though based on circumstances the plan may be reviewed and changed.

Overview

• Project communication can be very tricky and political
• Deals with Compiling, Sending, Storing, distributing and managing project record
• Handles four areas:What to communicate, to whom, how often, when

Mushroom Project Management

Managing projects by keeping everybody in the dark and checking progress periodically rather than distributing accurate project information timely and to the right audience.

  From: http://sitestree.com/?p=11426
Categories:PMP – Project Management
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Post Data:2017-10-17 14:13:18

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Preliminary Project Scope Statement lists:

(Details will be added at a later time)

Objectives
The product
Requirements of the product
Project boundaries
Initial work breakdown structure
Schedule
Team
Risks
Cost estimate From: http://sitestree.com/?p=11424
Categories:PMP – Project Management
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Post Data:2017-10-17 14:09:33

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Input to Developing Project Scope Statement

(Details will be added at a later time)

Similar to the inputs to Developing the project Charter
Tools and Techniques

Project Management Methodology
Project Management Information System From: http://sitestree.com/?p=11422
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Post Data:2017-10-17 14:06:45

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Preliminary Project Scope Statement

After a project charter is authorized. A Preliminary Project Scope Statement may need to be developed. It may be discussed with the project stakeholders to facilitate project success.

Input to Developing Project Scope Statement

Similar to the inputs to Developing the project Charter
Tools and Techniques

Project Management Methodology
Project Management Information System From: http://sitestree.com/?p=11420
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Post Data:2017-10-17 14:03:44

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Output of Developing the project Charter

Project Justification
Project description
Project requirements
Assumptions
High level schedule and milestones
Budget
Proposed project manager From: http://sitestree.com/?p=11418
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Post Data:2017-10-17 14:01:20

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Tools for Developing the Project Charter

[Details will be added at a later time]

Project Selection Methods
Project Management Methodology
Project management information systems
Expert Judgement From: http://sitestree.com/?p=11416
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Post Data:2017-10-17 13:59:21

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Input to Developing the project Charter

[At a later time, details will be added]

Contract
Statement of Work
Enterprise environmental factors
Organizational process assets From: http://sitestree.com/?p=11414
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Post Data:2017-10-17 13:55:33

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[Will provide details at a later time]

Will a project succeed?

There are many mathematical models to justify/predict the success of a project.

Do we need to consider project stakeholders?

Yes. Because the project may benefit some people and may cause dis-advantages to some people. Project managers need to manage and convince both of the groups.

How a project is formalized?

A project charter is developed to present the business needs and the outcome. It is just a document that is reviewed before (or for)project authorization.

  From: http://sitestree.com/?p=11412
Categories:PMP – Project Management
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Post Data:2017-10-17 13:52:32

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Economic Models of Project Selection. Part – 3: Initiating Projects

[At a later time, we will provide the details]

Benefit Cost Ratio
Cash Flow
Internal Return Rate
Present Value and Net Present Value
Opportunity Cost
Discounted Cash Flow
Return on Investment From: http://sitestree.com/?p=11410
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Post Data:2017-10-17 13:49:20

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How a project is selected?

Project Selection:
A particular project may have different alternative solutions. A company may have multiple project plans and they need to select one of them.

But How?

1. Scoring Model: Identify some matrix to find which project strategy is better or which project will be more profitable. Assign values for these parameters and select which one provides greater value.

2. Benefit contribution: Use cost benefit analysis, short term and long term cost benefit analysis.

3. Economic models:

Benefit Cost Ratio
Cash Flow
Internal Return Rate
Present Value and Net Present Value
Opportunity Cost
Discounted Cash Flow
Return on Investment

  From: http://sitestree.com/?p=11408
Categories:PMP – Project Management
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Post Data:2017-10-17 13:46:21

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