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...
Christian SalbeckPrincipal Project Manager| NATOThe Hague, Netherlands
Great list, Kevin. At Airbus we have quite similar to this, but we also add "export control involved". Saving Changes...
Scott WeglerSenior Project Manager| Members Cooperative Credit UnionDuluth, Mn, 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
Wonderful quantitative analysis - I will utilize a few of your factors in my own assessment of project size. 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
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. Saving Changes...
Alok PriyadarshiProject Manager| Tata Consulting Engineers LimitedJamshedpur, Jharkhand, India
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
Very informative and useful.
Thanks a lot Kevin. Saving Changes...
