NEHRU NAGAPPANPM Consultant| Project Leadership AcademyShah Alam, Selangor, Malaysia
Are there any guidelines on how to determine SIZE of a project (e.g. Small, Med, Large)? What are the criteria used to determine this? Saving Changes...
Size is less critical when assessing projects than complexity, but if you really do want to come up with some guidelines for a subjective taxonomy like small/medium/large, you'd want to consider a combination of cost, duration and/or number of stakeholders or resources.
Kiron Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Up to date in my personal experience, while you could find lot of documentation outside there, it depends on the organization you are working today. Each organization has its own method that could depends on risk, budget mostly. Saving Changes...
It is a very relative thing, however, I use quantitive method usually with weighting to
CALCULATING PROJECT SIZE FACTORS:
1. Total Cost 2. Team Size 3. Risk 4. Complexity 5. Impact 6. Strategic Priority 7. Elapsed time 8. Timeframe 9. Reputation importance 10. Level of Change 11. Dependency and interdependency projects
You can build a framework and fix it for all the projects in the organisation or you can use the flexible calculation in according to your strategic priorities.
We give weight out of 100% for each of the 11 factors ( these are my factors, you might pick only 10)
Now each factor you divide into 3 categories Small =1, Medium = 2 and Large = 3 and you decide the size and tolerance of each.
We calculate each and add them up, your minimum is 11 very small project and 33 very large and complex and you have the spectrum in between.
On the other hand, do not forget to use the weighting system from 100% that we spoke about in the beginning, so you can have the full picture in according to your changeable strategic needs.
You will end up with great matrix and then every project you have, you can test it in according to that.
Kevin Drake
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6 replies by Alok Priyadarshi, Anish Abraham, Rami Kaibni, Sante Delle-Vergini, PhD, Scott Wegler, and Vincent Guerard
May 14, 2018 9:07 AM
Sante Delle-Vergini, PhD
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That's a pretty comprehensive list Kevin :-)
May 14, 2018 10:26 AM
Rami Kaibni
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Great list Kevin. Cheers !
May 14, 2018 10:56 AM
Anish Abraham
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Good one, Kevin and thanks for sharing.
May 14, 2018 3:17 PM
Scott Wegler
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Wonderful quantitative analysis - I will utilize a few of your factors in my own assessment of project size.
May 16, 2018 11:55 AM
Vincent Guerard
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Kevin,
Great list of factors. I would add one, Industry/domain.
Large in software might not be large in construction. I was once in an organization that covers those two fields.
It is a very relative thing, however, I use quantitive method usually with weighting to
CALCULATING PROJECT SIZE FACTORS:
1. Total Cost 2. Team Size 3. Risk 4. Complexity 5. Impact 6. Strategic Priority 7. Elapsed time 8. Timeframe 9. Reputation importance 10. Level of Change 11. Dependency and interdependency projects
You can build a framework and fix it for all the projects in the organisation or you can use the flexible calculation in according to your strategic priorities.
We give weight out of 100% for each of the 11 factors ( these are my factors, you might pick only 10)
Now each factor you divide into 3 categories Small =1, Medium = 2 and Large = 3 and you decide the size and tolerance of each.
We calculate each and add them up, your minimum is 11 very small project and 33 very large and complex and you have the spectrum in between.
On the other hand, do not forget to use the weighting system from 100% that we spoke about in the beginning, so you can have the full picture in according to your changeable strategic needs.
You will end up with great matrix and then every project you have, you can test it in according to that.
Kevin Drake
That's a pretty comprehensive list Kevin :-) Saving Changes...
it has to do with the industry you work in. A project in a IT may be considered as big in terms of cost, budget, etc. while the same in construction is considered small. Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
May 14, 2018 7:00 AM
Replying to Kevin Drake
...
It is a very relative thing, however, I use quantitive method usually with weighting to
CALCULATING PROJECT SIZE FACTORS:
1. Total Cost 2. Team Size 3. Risk 4. Complexity 5. Impact 6. Strategic Priority 7. Elapsed time 8. Timeframe 9. Reputation importance 10. Level of Change 11. Dependency and interdependency projects
You can build a framework and fix it for all the projects in the organisation or you can use the flexible calculation in according to your strategic priorities.
We give weight out of 100% for each of the 11 factors ( these are my factors, you might pick only 10)
Now each factor you divide into 3 categories Small =1, Medium = 2 and Large = 3 and you decide the size and tolerance of each.
We calculate each and add them up, your minimum is 11 very small project and 33 very large and complex and you have the spectrum in between.
On the other hand, do not forget to use the weighting system from 100% that we spoke about in the beginning, so you can have the full picture in according to your changeable strategic needs.
You will end up with great matrix and then every project you have, you can test it in according to that.
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
May 14, 2018 10:47 AM
Replying to Kevin Drake
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You should see my excel sheet about it..
You should put it on PMI as template. Saving Changes...
Anish AbrahamPrivacy Program Manager| University of WashingtonAuburn, Wa, United States
May 14, 2018 7:00 AM
Replying to Kevin Drake
...
It is a very relative thing, however, I use quantitive method usually with weighting to
CALCULATING PROJECT SIZE FACTORS:
1. Total Cost 2. Team Size 3. Risk 4. Complexity 5. Impact 6. Strategic Priority 7. Elapsed time 8. Timeframe 9. Reputation importance 10. Level of Change 11. Dependency and interdependency projects
You can build a framework and fix it for all the projects in the organisation or you can use the flexible calculation in according to your strategic priorities.
We give weight out of 100% for each of the 11 factors ( these are my factors, you might pick only 10)
Now each factor you divide into 3 categories Small =1, Medium = 2 and Large = 3 and you decide the size and tolerance of each.
We calculate each and add them up, your minimum is 11 very small project and 33 very large and complex and you have the spectrum in between.
On the other hand, do not forget to use the weighting system from 100% that we spoke about in the beginning, so you can have the full picture in according to your changeable strategic needs.
You will end up with great matrix and then every project you have, you can test it in according to that.
Kevin Drake
Good one, Kevin and thanks for sharing. Saving Changes...
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