Project Tolerances

Like many companies using phase-review management, CRI approved the next phase of the project and empowered the project team with the understanding that it needed a new phase review if specific project tolerances were exceeded. In some companies these tolerances are referred to as boundary conditions or project contract items. While this boundary-setting worked well in theory, it frequently fell short in practice, since there was no formal system for monitoring variations from the tolerances....

Financial Management of New Product Project

Once the financial plans for a new product and the project budget to develop it are approved, then the project manager needs to manage progress to the budget and track revisions to the financial plan to ensure that the project is under sufficient financial control. With an integrated development chain system, the necessary financial management reporting is done automatically for the project manager. Approaches to this automatic reporting vary across companies, based on the preferences of...

Stage Resource Requirements Planning RRP

Companies at a Stage 3 level of capability have extended their focus beyond those at Stage 1 or 2. In those stages, the focus is on resource management across all projects. Assignments and needs are collected at a high level (Level 1 ) from all projects and used to manage all resources. The objective is optimization of resources across all projects (short-term in Stage 1, and medium-term in Stage 2) there is no concern about the efficiency of resources on any project. In Stage 3, the objective...

Project Resource Requirements Planning RRP

In preparation for the Phase 0 review, Anne started planning the major steps for Phase 1, using the standard guidelines for a project of this type. Phase 1 consists of the six steps illustrated in Figure 7-2. Project management is a step that continues throughout the entirety of Phase 1. The first major step is a market study, which included the requirements definition for the product. Anne thought this step would take approximately three months. Marketing had already done a lot of strategic...

Index

See Product Approval Committee Pace, General Peter, 27-28 PACE. See Project And Cycle-time Excellence Partnering capabilities, 259 integration. See Development chain management system, inegration Partnering outsourcing, gains, 37-38 Partners. See Channel partners Development Periodic pipeline management, 303-305, 316 Periodic portfolio management, 303-305 Periodic portfolio rationalization, 310 Person-day estimates, 133 transformation. See Full-time equivalents PERT (Program Evaluation and...

Resource Requirements Management

Resource requirements management is the downward component (or right-hand side) of Level 2, illustrated in Figure 7-1, as opposed to resource requirements planning, which is the upward (or left-hand side) of Level 2. In resource requirements management, the project manager now has the resources assigned to her project, but they are assigned for a time period. It would be very useful to manage them by step instead. What advantage would this provide With resources assigned by step within a phase,...

Integration with Project Planning Standards

Product Development Project Management

Historically, many project management failures have stemmed from the lack of a formal, repeatable process for project planning and control. Project managers were left to their own devices to establish their own project planning and control process. Some project managers were naturally good at this task, some eventually learned to do it through trial and error, and others failed so badly in their first attempt that they never got a second chance. On top of this, projects were dependent on what...