| Topic : Biggest Project Management Mistakes |
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Activity:
135 views;
last activity : 07 06 2010 20:18:09 +0000
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risk assesment...
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Planning and Execution
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Resources
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IT Funding
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Inconsistent Project Deliverable
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It is really very critical and requires v talented aproach. I think if one has proper forecasting then he would be able to cover all the cost within budget and would feel more confident to plan ahead. |
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Topic should read Risk Management of which Assessment is only the first step. However - it IS the most important step, and the one that most people fail on because the whole human race is confused about the basics - even as basic as "what is a risk". I would love to read what definitions members would give to a RISK and an ISSUE, and what they think is the difference between them.
Sanyog ji i definitely agree with you. Proper risk assessment is needed in everything you do,it gives you a clear idea of what you want to achieve,how much resources will you use for it and what are the problems which can come up during your project.All this forecasting will surely help an organisation to increase their efficiency level by reducing the risks.But sometimes its not possible to accurately do the risk assessment because of the complexity of the project and unpredictable environment then what do you think should be the solution to this problem.
also..i would like to add that backward tracing is always helpful in this regard. I mean, change management is one of the key factor. proper communication with client about your changes and then refine your budget(and all) through back-tracing may help much.
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The planning and execution of the Project is the important one. How well we plan the current requirement and how well we can accomodate requirement volatility is the important one. Proper revision of plan should be done and communicated to the clients. The thumb rule is "9 woman cannot delivery a baby in one month" |
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I agree. Planning & execution are the most important aspects. Planning needs to address the current requriements as well as changes in them. Execution with continuous feedback and a larger picture of how we are progressing towards end goal, continuous communication and accurate measurement of progress and simple representation of those measures can help identify risks & mitigate them.
I would say "data supported" style of project management is critical for success.
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At this point i would like to say is at the highest level of simplicity, all businesses need to manage only four resources in order to maintain success: money, people, technology, and supplies. All of these things are assets, and the organisation reflects either the management of these assets or growing the customer base to use or contribute to those assets. IT is no different than finance or human resources. Just as the business doesn't give HR or finance discrete budgets for specific business requirements, so too will it realise that it needs to treat IT the same way................
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You are right amit SOA as part of the overall move to EA and the realisation of composite, loosely-coupled, and potentially reusable IT assets, requires not just addressing the aspects of Service creation and management, but also successfully addressing IT portfolio management
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I could say that changing the method of IT funding is one of the fundamental requirements for a move to a portfolio-centric style of IT management. In an environment where any new business requirement might require changes throughout the organisation, it makes no sense to feed IT on a per-project basis
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Yes it is sudeep in an environment of continuous change, the IT organisation needs to be provided a continuous, and steady, budget that provides for continuous changes on an iterative model. Each iteration will introduce new assets, versioned assets, and configurations of assets to meet the current set of business requirements.
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As far as Indian IT Industry is concerned the flexiblity of accomodating Client Requirements without pushing back the delivery date is the biggest challenge |
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