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OPERATIONSMeeting your Organizations Vision50BrenDaniel Productions CorpProject Selection Criteria? Project Selection Criteria are dictated by the business and technical objectives of the anization? It ensures that and money invested yields the highest ‘payback’ for the anization? The criteria allow the management staff to know the viability of a proposed project prior to extensive planning? It is also used as an ongoing measurement of the continued viability of a project once it starts? As anizational objectives, so should the selection criteria51BrenDaniel Productions Corp Projects / CriteriaRiskHigh(5), Medium(3) Low(1) Pay Back PeriodBalance Cost vs savings equationCash flow timingWhat Q for deliveringNPVNPV/investment ratioResource availability12345678Project Selection Criteria (Example)YES(1), Probable (3), No (5)These columns could be ‘weighted’Definitions are required52BrenDaniel Productions CorpIT Challenges216。 Did munications plan as an ‘exercise’216。 Ability to position project correctly252。 Keeping project team focused on anizational objectivesWhat are some challenges you have encountered in your work place53BrenDaniel Productions CorpRisk ManagementUncertainty + ConstraintProbabilityUnpredictabilityContingency (planning for failure)ControlBased on FactsCommitmentPlanning for Success54BrenDaniel Productions CorpRisk Areas (Example)Technology Is this a technology we know well and have experience with?Maturity Is the technology mature, is it consistent with pany direction?Components Are we introducing ponents that are unique, new suppliers?Complexity Is the project easy to understand?Requirements Are they stable are there other projects that could impact/derail?55BrenDaniel Productions CorpRisk Areas (Example)Quality Is there potential to decrease the quality metrics of our product?Functional Area Are Manufacturing, Customer Service, purchasing consistent?Team Commitments Are there teams that may prioritize us off their schedules?Team Skills Do we depend on a small team? . Hero Bob quitsstopped cold.Executive Support Do we have the visibility required to stay alive?56BrenDaniel Productions CorpContingency Plan DiscussionWhat are some things you can ‘pad’ to ensure that when things go wrong, you are ‘covered’?57BrenDaniel Productions CorpPM Success FactorsScopeCreepA constraint is a business driven definition that limits the PM’s ability to trade offCostTimePerformanceProduct58BrenDaniel Productions CorpNegotiating RealismAs a TeamFor each constraint below, define 3 things you can do as a Project Manager to overe the constraintTime – you must deliver by 30 SeptemberCost – you cannot spend more than XXX on your projectQuality – It must pas 100% of the test casesResources – you need 15 people, there are only 1059BrenDaniel Productions CorpProduct Introduction ComponentsRemember the ConceptsDevelopmentLife CycleThat Fits Best Practices Learn from ExperiencePIPThe StandardSets a BaselineConsistencyProject InputConstraintsLimitationRequirements60BrenDaniel Productions CorpA Development Life Cycle – Why?Customer requirements are being met,Commercial requirements are being met,Product and market are still viable in the market place,Product development is on schedule,High standards of product quality and performance are being met.To provide periodic checks that :High Level Objective Do We Move Forward ?61BrenDaniel Productions CorpThe Life Cycle Process ElementsObjectivesActivitiesDictateDeliverablesProduceMeasure62BrenDaniel Productions CorpHardware Development (Example)Experimental Cycle(s)Very well defined deliverables to prove the objective was metActivities are undertaken to produce the deliverables to prove the objective was metPrototype Cycle(s)PreProduction Cycle(s)Production Cycle(s)Phase In63BrenDaniel Productions CorpHardware Inch Pebbles Per CycleDR Design ReviewDI Design InspectionFA Functional AgreementCPA Component Placement Agreement(LAYOUT)PA Physical Agreement(ORDER BUILD)Verify Verification64BrenDaniel Productions CorpIT Challenges216。 Not a Hardware Type – provided visability216。 Milestones must be digital – to the PM252。 Integral to overall project plan, not an additionWhat are some challenges you have encountered in your work place65BrenDaniel Productions CorpInteraction with the TeamIn your TeamsDiscuss ways in which Project Managers can stay aware of the inchpebbles within their project(without micromanagement)66BrenDaniel Productions CorpSoftwareEvaluation Factors?Performance?Quality?Versatility?Ease of Learning?Ease of UseClassification?Level I – single project planning?Level II – single project management?Level III – Multiple Projects 67BrenDaniel Productions CorpWhy Computerize? Perform ‘What Ifs’ with instant results? Consistency in management reporting by the team? Presents a mon project plan, project vision? Allows instant munications of data? Shows critical path, slack, dependencies …? Instant switching between graph types? Provides easy visual to sophisticated data? Demonstrates measurable progress 68BrenDaniel Productions CorpCommon Challenges? Management may not like the output? Lack of use in front end planning? Lack of daytoday use? No mitment to training? Lack of technical support? Garbage In – Garbage Out? Lack of insight into accumulated changes? ‘Bosses’ are used to old system? Lack of integration into pany systems? Viewed as replacement for facetoface munications? No training in the concepts being supported69BrenDaniel Productions CorpSoftware A Snapshot4 Scope Definition