Project Management Feasibility Study

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Project Management Feasibility Study

OVERVIEW

What are the roots causes of project problems and failure? Projects that suffer from a lack of a proper project management feasibility study generally overlook, or significantly underestimate, key success factors such as:

  • The technology, resources and/or funding required to develop the project’s end product or service are underestimated or not available
  • The forecasted market demand for the product or service is overstated
  • Superior competing or alternative solutions are not identified or ignored
  • Adequate post-project funding is not available for operations, support and/or marketing
  • Extremely complex or difficult problems critical to project success are either not identified or are glossed over at project initiation.

Poor project feasibility is mitigated by ensuring that the stakeholders’ expectations for the project are reasonable. One mitigating action is to follow a proven project methodology that includes a project management feasibility study, identification of solution alternatives, and running cost/benefit/risk assessment on each. Aligned with the Project Management Institute’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide) latest edition, this course will build new competencies and skills to complete an extensive, realistic, project case study.

In this course, you will be introduced to the core knowledge required around project management skills and key initiatives for requirements analysis, risk management, quality assurance, financial management, cost benefit analysis, capital planning and investment assessment, contracting and procurement, planning and evaluating skills, business process reengineering.

At the conclusion of the course, you will provide a closing presentation to the project sponsor that includes a thorough review of the results, lessons learned, and recommendations for improvements.

WHAT YOU WILL LEARN

  • Determine the best way to prevent the company from making costly mistakes that could jeopardize the reputation and capacity to operate smoothly
  • Identify the most low-risk, high-reward investment that require simple technical development and project implementation processes
  • Find best way to help organization in determining whether a project can lead to success or is not worth the risk
  • Identify and analyze objectively and rationally the strengths and weaknesses of an existing business or proposed ventures, the opportunities and threats presented by the project environment the strengths and weaknesses of an existing business or proposed ventures, the opportunities and threats presented by the project environment

COURSE DURATION

The course consists of 24 hours of instruction taught in a three-day program, including lecture and hands-on exercises.

COURSE OUTLINE

  • The Foundation Project Management: Project management framework; project life cycle; project management knowledge areas; What is project and why project management; Project constraints; Project charter; Project stakeholders
  • Initiating the Project: Create project feasibility document; Develop of project concept document; Create project charter
  • Develop Project Plan: Seven steps of successful planning; Develop a Work Breakdown Structure (WBS); Develop schedule; Determine budget; Develop quality and methods; Plan human resources and communication; Managing the risk; Plan procurement; Plan stakeholders
  • Managing the Project: Baselines; Project plan execution; Quality assurance; Team development; Conduct procurement; Managing change; Managing and controlling communication; Managing Risk; Managing and controlling stakeholder engagement; Assessing and monitoring project performance; Earned value.
  • Closing the Project: Best practices for formal sign-off; Collecting lesson learned; Archiving project documents.
  • Case Studies: Analyzing business problem and discussing potential solution; Managing risk occurred; Managing project team; Dealing with conflict

 All Participants will get:

  • Course Materials
  • Stationery
  • Certificates
  • Meals (1x lunch and 2x coffee breaks)