Transcript PRJ566 Project Planning and Management

PRJ566 Project Planning and
Management
Projects and The Project Life
Cycle
Projects
 What is a project?
Projects
 What are some key factors
governing projects?
Projects
 Projects are constrained by
three factors—this is called the
triple constraint. What are
these?
 Sometimes a 4th factor is added
and this becomes the quadruple
constraint. What is this factor?
Projects
 Scope Creep, Effort Creep,
Gold Plating are three
common “diseases” that often
result in project failure.
 What are some of the causes
for these diseases?
Projects
 2002: Standish Group, US, CHAOS
study
 Success
rate of IT technology projects
improved over previous years to 34%
(66% failed!)
 Wasted $$ decreased over previous
years to $55 billion
Projects
 How is project success
defined?
 How is project failure defined?
Examples
 Ontario’s Welfare Computer System
 “riddled with errors”
 Incorrect actions and data (threatening letters sent
to innocent clients)
 Very high down time
 Workers developed new and creative ways to
“work around” the computer system in order to get
cheques mailed on time
Source: Toronto Star, July 10 & 13/2004
Examples cont’d
 Ontario’s Welfare Computer System
 Cost of down time?

$2M in lost productivity (16 working days)
 Cost
of errors?
$10M to Accenture plus cost to clients, workers
to fix error that does not allow increases
 And that’s just one of many errors!

Source: Toronto Star, July 10 & 13/2004
Examples cont’d
 Ontario’s Welfare Computer System
 The total cost for this system to date-$500M
 What it could have been built for--$5M
(as per Robert Bernecky, Snake Island
Research)
 Real cost is100 x what it should have cost and
far over budget.

Source: Toronto Star, July 10 & 13/2004
The Project Life Cycle
Concept:
Planning:
Execution & Control: Close-out:
•Preliminary scope
•Preliminary costs
•Cost benefit analysis
•Scope
•Plan (WBS)
•Iterative!!
•Deliverables
•Management & control
•Iterative!!
Scope
Plan
Execute
Control
•Completed work
•Customer acceptance
•Lessons learned
The Project Life Cycle
 What can you do in each phase
to help ensure success (and
avoid common “diseases”)?
The Project Life Cycle
 What do you need to manage
throughout your project?
The Pain Curve
Pain
Poor
Scope/Plan
Good
Scope/Plan
Time