MSG Team's other articles

10460 The New Economics of the Music Industry

The economics of the music industry has been radically changed in the past two decades or so. Ever since the internet became a reality, music could be shared for free. The entire industry faced the onslaught of the latest developments in web technology. Companies like Napster encouraged piracy and allowed users to download and share […]

9981 How International Mediation and Arbitration Work in the Corporate World

What are Mediation and Arbitration ? Mediation and Arbitration are features of the business landscape that let aggrieved parties resolve their disputes in a structured manner. In the corporate world, breach of contract, non-compliance with the terms of the agreement between companies, failure to pay or complete the work and other disputes are usually resolved […]

9056 Economic Impact of the Boeing Fiasco

Boeing Corporation which is headquartered in the United States is one of the biggest names in the airline industry. When it comes to the manufacturing of planes, there is an effective duopoly in the global market. Boeing and Airbus are the only two companies in the world which manufacture the jets which are used by […]

12357 Are Indian Start-ups and eCommerce Firms Living in Fantasy Land without Profits?

Are Indian Start-ups and eCommerce Firms Living in Fantasy Land? It is a well known fact that India is a favourite destination for yield hungry investors and angel investors keen to fund start-ups and eCommerce firms in the hope that they would be able to garner significant profits at a later stage. Indeed, India is […]

11414 Strategic Processes – Meaning and its Features

These are the top level processes that an organization is exposed to. These include tasks that need a high level of intellectual capability and will have wide spread effects in the structure and functioning of the organization. The nature of these processes can be compared to those that the human brain performs. Here are some […]

Search with tags

  • No tags available.

Introduction

This article details the high level project plan and the components of the same. A project is a success if it meets the objectives of time, cost, technical and business. Project objectives are defined in the preliminary project scope statement. As mentioned above, a project is deemed complete if the project objectives have been met. The objectives should be clear and achievable.

Project Objectives

The objectives for this project have been summarized as:

  1. Time

    The project plan must contain the time taken to complete the project end-end from requirements to implementation. A detailed analysis of each stage and the time taken for the same must be outlined upfront and milestones for each stage defined.

  2. Cost

    The cost for completion of the project as defined by the time taken to complete and the technical and business objectives being met is to be defined. All the project objectives are linked to each other and any change in one variable affects the others as well. For e.g. a change in the technical requirements would mean that more time would be required to complete the project and this in turn affects the cost. Thus there are cascading affects on each of the variables.

  3. Business

    The business objectives have to be clearly spelt out by your company in terms of the sales generated, the cost benefit analysis of building a website and consequent revenue generation etc.

  4. Technical

    The technical requirements can be stated in terms of the quality of the deliverables and the number of defects found during each of the testing phases and the turnaround time for implementation etc.

Work Breakdown Structure

The above chart is a representation of the Work Breakdown Structure (WBS) for the project. It represents a high to medium level summary and it can be refined further. The WBS has been summarized in the organization chart keeping in mind some factors like:

  • The WBS is a high level overview that can be broken down into smaller and smaller package of work until the Project Manager achieves the level of granularity that he/she wants. This granularity is to be obtained keeping in mind the realistic scenarios. For e.g. the first level of the WBS described above is the same as the project life cycle, Requirements, Design etc.

  • The next levels of the WBS are broken down based on the work packages that are to be assigned to the team members. The packages must be designed in such a way that the deliverables are met.

  • In a way, the WBS is the foundation of the project. The time and cost of the project are defined in terms of the work packages and estimated accordingly.

Responsibility Matrix

ActivityTeam Member
Team member 1Team member 2Team member 3
A (design)P S
B (coding) SP
C (testing)SP 

P - Primary responsibility

S - Secondary responsibility

This chart cross references the WBS created for the project. Each of the work packages created in the WBS is allocated to each of the team members with primary and secondary responsibilities assigned accordingly.

Project Plan

The project plan consists of the above details as well as the WBS and the responsibility matrix. A detailed project plan needs more elaboration and is a separate activity altogether.

Article Written by

MSG Team

An insightful writer passionate about sharing expertise, trends, and tips, dedicated to inspiring and informing readers through engaging and thoughtful content.

Leave a reply

Your email address will not be published. Required fields are marked *

Related Articles

Costs in Project Management – Costs associated with the Projects

MSG Team

Communications Management during Project Planning

MSG Team

Bidding as an Essential Skill for Project Managers

MSG Team