Fast Foundation In Project Management

A thorough project plan is the foundation of a strong project. Use the planning checklist on pages 201-202 to guide your team and yourself to ensure you've covered all the bases.

The planning checklist is available for download at www .versatilecompany.com/forms. As you and your colleagues use this checklist you'll find new items to add, customizing it to better fit your projects.

Stellar Performer: Tynet, Inc. Tynet, Inc., Uses Project Management to Increase Customer Satisfaction

Installing computer networks is a high-risk, competitive business. Thousands of companies, large and small, offer the services to tie together local area networks, telephone equipment, and Internet service providers. Profit margins are thin, especially for reselling computer hardware and network software. Bids for the service required to put the networks together need to be accurate, because any underestimated labor quickly eats up profits for the job. Tynet, Inc., which has been installing networks since 1989, identifies project management as its competitive edge.

Brian LaMure is the director of network services for Tynet and a certified project management professional. He credits dramatic increases in revenue and profitability to Tynet's emphasis on project management. "We began using the project life cycle as the basis for our entire network services business, from initial sales through implementation and follow-up. Before that time, nearly 80 percent of our projects were late and/or over budget, meaning we lost money. By focusing on some of the basics, we've reduced failed projects to almost zero." In Tynet's case, the basics include using a phased estimating model, parametric estimating, more customer involvement in managing the project, and more detailed project planning.

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Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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