Business case and project charter confusion is not uncommon. They both have integral roles in the initiation of a new idea--but they should not be used interchangeably. At the end of day, the project sponsor is accountable for success--and is responsible for ensuring recommendations are held up by a sound business case.
Many entities use logical framework analysis (LFA) as a project planning and management tool that is part of almost every project document. LFA is sometimes called a work breakdown structure, but its structure is different. Considering these terminology differences, this article attempts to explain the relation between WBS and LFA.
In this second of a three-part series, the author discusses the use and management of cost contingency.
In this conclusion of a three-part series, the author posits that contingency planning is essential for establishing attainable and manageable schedule and cost targets. However, contingency can be applied to resources and work scope, as well.
In this first part of a three-part series, the author focuses on overcoming time (scheduling) constraints.
Utilizing your budget in the right initiative is vital. The challenge, however, is how to select the most appropriate initiatives for which to seek funding. So how do we prioritize initiatives within the organization?
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"You do not really understand something unless you can explain it to your grandmother." - Albert Einstein |
