Sanna UllahResearch Associate | University of Engineering & Technology LahoreLahore, Pb, Pakistan
Is there any way or any standard to categorize the project on the basis of project duration or any specific project classification on the basis of the project timeline? Saving Changes...
You could, but to what end? It might be useful for your leadership team to understand which projects have hard/non-discretionary deadlines from external mandates, but other than that, duration by itself is not as useful as knowing cost, effort, time to first delivery or many other quantitative metrics.
Kiron Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
In our case it is one of the variables to define what we call Project Tier. Just to comment if the project time is 90-120 days we call it minor enhancement and we follow a light governance process. But to create the project tier we take into account some of the variables @Kiron listed above to create a risk index. Saving Changes...
Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
Duration is one of the usual criteria to classify projects, others are cost, ROI, risk level, or architecture fit. I do not know about a standard but have seen organizations set their own criteria and clipping levels to cluster projects in order to apply mitigating measures for similar projects.
In general, a longer duration means higher risk, more changes, uncertainty in estimating, changing stakeholders and strategy. A heuristic says break down large (long) projects.
In organizations with annual budgets and targets, projects that span 2 or more years add problems and require additional governance as they do not fit into the annual perspectives.
"We cling to our own point of view, as though everything depended on it. Yet our opinions have no permanence; like autumn and winter, they gradually pass away."
