Part Three Analyzing How Transactions Change An Accounting Equation
Posted By Admin @ Feb 26, 2022
Project Planning Techniques
Project Planning Techniques
The project management is highly essential for achieving success in the project. If the project is not going to be managed appropriately than the project might not deliver on time. This not only causes financial loss to the business or to the project team but also the reputation of the organization also suffers as a result. Today there are many software available through which the project can be managed efficiently. There are also many techniques and approaches through which the project can be managed easily. Some of the key techniques to manage the project are to create project budget, established work plan and form a Gantt chart through which the time of each activity can be known. In this project an online HR system will be established. The following project management techniques can help the project team to deliver the project on time.
Techniques for Managing the Project
The work plan provides brief information about the activities which are going to be performed in the project. The project consists of various phases, and in each phase different activities have to be performed. Different activities have their own time limit, and each activity has to complete according to its set time limit so that project can be delivered on time. Here an online system for HR department of the organization is going to be established. In the initial phase the work plan is going to be established, which provides brief information about the activities which are going to be performed in the project (Morris & Pinto, 2010).
This project is going to have 4 main phases. The first phase is going to be the imitation phase. The second phase is going to be planning phase, the third phase is the execution phase, and the last phase is the closure phase. In the first phase project charter is established which provides information about the project team and what role they are going to perform. In first phase of the project, the scope statement and budget of the project are formed according to which the project team utilizes its resources. The project is considered successful when the project is completed under the set budget (Morris & Pinto, 2010).
After creating the project charter the planning phase of the project begins in which the work plan, project control plan is established. In the work plan document the most important thing is the work break down structure, which includes all the key deliverables of the project. The third phase is the execution phase in which online HR system will be established. First the prototype of the HR system will be established. The HR system will be tested to know whether there are any issues in the HRs system or not. If the HR system passed the test than the HR system will be implemented in the organization. In the last phase the HR system will be reviewed by the project team to determine whether it is working successfully or not. If the project works according to the set goals than the project will considered a success (Kerzner, 2009).