Idea into project

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What is a project?

DIN

Endeavor that is identified by the singular occurrence of a specific combination of terms and conditions, such as: project objectives; limitations from time, finances or personal issues; demarcation from other endeavors; project specific organization

PMI (Project Management Institute)

„A project is a temporary endeavor undertaken to create a unique product, service, or result.“ (PMBoK® Guide, S. 5)

What is a project? Decision Tree

Not all demands and requests raised in an organization need to be executed using project management
A project decision tree may help to decide whether a request is important enough for an organization to be executed as a project
The project decision tree needs to be customized to the specifics of an organization

Following criteria may used as a guidance to decide whether an demand/request is defined as a project:

When estimated costs exceed €XY, the demand is defined as a project and required to follow project management methodology.
If costs cannot be estimated yet, or the estimation does not exceed €XY, the demand is defined as a project, if three of the criteria in the decision tree can be answered with yes – uniqueness, involved parties, time limit, visibility, predefined work packages,(standardized approval processes, change management, etc.)

Overview of Waterfall PM Methodology structure

CPC Compass Project Management Methodology is composed of the process groups

1. Initiation 2. Planning 3. Execution & Controlling 4. Closure and 10 Knowledge Areas: 1. Integration Management 2. Scope Management 3. Time Management 4. Human Resource Management 5. Supplier Management 6. Cost Management 7. Risk Management 8. Quality Management 9. Stakeholder Management 10. Communication Management

The process groups Initiation and Closure designate the beginning and ending of a project
The process groups Planning, Execution und Control are executed iteratively for each knowledge area during the course of a project

Process Overview PCPC Compass Project Management Methodology

Overview Templates

Project Decision Tree

Turning an idea into a project

What is a project?

What is a project? Decision Tree

Overview of Waterfall PM Methodology structure

Process Overview PCPC Compass Project Management Methodology

Overview Templates

Overview Templates