Project Planning Principles

This is an important phase in the life cycle of all projects. In project planning you focus on how the work will get done and manage. A project plan defines tasks, schedule, cost, and resources. It also tells us how the changes, communication, risks, quality, and procurement will be handled.

Work breakdown structure (WBS)

This is where you break down the project into smaller and more manageable tass and create a hierarchical structure known as WBS. This helps massively in organising and understanding the components of the project. This includes the following to ensure the projects viability and success.

        •         People and skills

     •        Estimates and costings

     •        Venues/premises

            •        Facilities

            •        Equipment

            •         Hardware and software

                    •         Stake holder

Stakeholders role in projects

Stakeholders play crucial roles throughout a project's lifecycle. They oversee allocating resources and funding to the appropriate groups, ensuring goals are met. Educating teams about their individual roles, aligning them with project objectives, falls within their responsibilities. Stakeholders make pivotal decisions regarding funding allocation and project progression into subsequent phases. They actively consider and weigh relevant feedback to inform their judgments. Serving as a communication bridge, they relay information, queries, and directives among various business areas engaged in the project.

Risks associated in managing a project

        •         Lack of funding

        •         Project exceeds deadline and budget

        •         Lack of expertise

        •         Lack of communication

        •         Dependency

        •         Resource shortage

        •         Legislation

        •         Inappropriate planning