Michael Ensby, a quality and organizational development consultant, instructor and director at Clarkson University School of Business, who contributed to an article on this subject some time ago, acknowledges that when you break it down you discover that there are really only (3) key factors in planning any project; performance, cost, and time:
- Performance – This is all about getting straight on what you want to accomplish. Ref. the above example - what’s the problem with the room and how will painting it fix the problem? What are the options and alternatives to getting it done?
- Cost – How much will it cost to achieve the objective? Does it produce any returnable value?
- Time – What is the schedule for starting and completing the project within the budget?
Because the above planning factors can, and often will, conflict with each other, they need to be prioritized. Again, using on our example - if the budget for painting the room is set at $100 bucks, you will not be able to hire a professional painter, which brings into question the capability and availability of internal resources to get the project done on time.
Ensby says, “One of the problems you run into in poorly managed projects is everybody wants maximum capability right now for nothing. That’s a theoretical impossibility. What you have to do is sit down early with the stakeholders and get them to agree on the scope characteristics and where tradeoffs are going to happen.”
He goes on to recommend breaking down project requirements into “musts”, “wants” and “likes” Then you need to make sure the musts can be achieved within the time and budget parameters. This is important because by focusing on musts you can prevent scope creep – which happens when new tasks and objectives are added on during the latter phases of a project that contribute to delays and cost overruns, i.e., adding new window drapes to the newly painted room.
As important as the above three factors are, getting everyone on-board is essential. That starts with establishing a common project goal, something that can be stated in a few words and that nobody can forget. This is especially true for big projects like an organization-wide change initiative. Using software tools like Microsoft Projects and other such charts can help manage the details. But, if you haven’t established the goals and have buy-in, computerized charts aren’t going to help, because the details will never come into play.
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