Structured Methods - Feedback Required please
- Pre-course APMP Exam Questions That is good enough see you next week
- APMP Exam Question "Describe the principles of estimating (with a figure) and four estimating methods?" Hi It's quite simple. Imagine you are a house builder. Say you normally build 4 bed houses at a cost of £80,000. What would be the comparative...
- Paul a couple of answers which can do with your feedback please. These have been reviewed within our study group too. Another good answer, but maybe too much, the question asks for five points, you have given me loads. Try to restructure the answer around five key...
Explain 5 advantages to an organisation of adopting a structured method for project management ? (50 Marks)
- Business case – justified
- Provide Gate reviews
- Provide stage Reviews
- Provides a baseline
- Provides a mechanisms for risk / issue management.
Structured methods within an organisation ensure that the project has a justified business case before the development begins and significant costs are incurred. The different solutions, benefits, risks and costs are considered before arriving at a single solution. The advantage to the organisation is that the benefits, risks and costs are considered and approved by the projects governance structure before embarking on the project providing clarity to the organisation
As the project is split into phases, it has clear points at which the sponsor can measure the project against the business case to ensure that the project is still justified. At the end of each phase clear formal go / no go decision points exist in order to progress to the next stage. The advantage is that there is formal means to ensure the business case is still justified and that the project does not proceed to far and to fast without a formal review process and is still justified.
Stage reviews allow the sponsor and project manager to assess how the implementation is progressing during the development stage. For example Key performance indicators in construction of a stadium might be number of seats installed. Other classic project KPIS included CPI or SPI. It gives a unit of measure relating to performance that the sponsor and sponsoring group understands and builds trust.
Structured methods provide for a baseline to be established during the definition stage and recorded in the PMP. It is the point at which all aspects are measured from and is agreed before the development commences. For example the PMP will define the time schedule for delivery, the planned costs to be incurred and the quality criteria under which the products will be assessed. Any requested changes can be assessed for impact against the baseline so that the impact is fully understood by the change control board before it is approved. This ensures that change takes place in a controlled and effective manner.
Structured methods provide a mechanism to identify, record, assess and mitigate risks that occur during the project. The advantage for the organisation is that there is a clear procedure for the management of risk which is auditable and builds trust with stakeholders since there is a clear demonstrable process. It reduces the risk to the organisation and ensures that risks are managed appropriately protecting the organisation from reputational damage which could impact on sales.
Paul Naybour Brian I only changes this sentence to "Structured methods provide for a baseline to be established during the definition stage". The method it's...Brian I only changes this sentence to "Structured methods provide for a baseline to be established during the definition stage". The method it's self doesn't set a baseline, however it provides a way in which the baseline can be established and approved. Small point sorry Show more 2 years ago
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