The benefits of project chartering and project charter

If someone assigns me as the project manager of a project, the first document I will refer to understand the overall details of the project is the project charter, which is one of the key outputs of the project initiation process. If it is not available, I will work along with the sponsor (senior management representative who is in charge of the project) to define one and get his approval.

A typical project charter contains;

  1. High level scope of the project
  2. Business case of the project
  3. Key milestones with dates
  4. Major risks
  5. Major assumptions and dependencies including the flexibility matrix
  6. Key stakeholders names, roles and responsibilities towards the project
  7. Project managers name, roles and responsibilities

The project charter is approved by the sponsor. This is the formal document which appoints the project manager to the project officially. Project charter gives authority to the project manager. Any changes to the project charter must be re-approved by the sponsor.

 

Project charter brings in lot of clarity into the project, and is a good basis for planning the project.

Work breakdown structure

Projects fail at the beginning. Two of the main reasons for project failures are inaccurate estimates and scope creep / deficit. Of these two major causes, Scope creep is easy to manage, as most of the clients are willing to pay for extra scope than planned, where as scope deficit results in not meeting the customer’s must have feature list, and will result in customer dissatisfaction.

The best remedy is to;

  • Spend enough time on requirements collection
  • Proper scope definition
  • Scope decomposition into a work breakdown structure
    • 8-80 rule for work package sizing
  • Estimating the effort of the work packages using;
    • Expert judgment
    • Brainstorming
    • Delphi technique
    • Three point estimates
    • Analogous estimation
    • Parametric estimation
  • Following the change management procedure for scope updation

The following video of mine explains most of the concepts discussed so far in this blog post.

PMP with Agile

Here is a great opportunity to master agile project management while preparing for your PMP credential. We have been using agile project management to manage our classroom training for more than three years successfully, and now we are delivering our online training programs also using the agile tools, especially sprint planning, sprinting, sprint reviews and retrospectives.

Key benefits

  1. Your PMP preparation is managed as a project, hence have  definite start and end dates.
  2. The scope covers till your writing the PMP examination, hence better probability of success.
  3. The course is divided into iterations (sprints). The duration of the iterations are decided by the instructor and the participant based on the number of hours the participant can spend for this course per week.
  4. At the beginning of every sprint, the instructor explains the scope of work for the sprint, explains the key concepts to the participant.
  5. During the sprint, participants are required to complete assignments in the form of reading and open book learning tests.
  6. Upon completion of every sprint, the instructor and the participants review the progress made during the sprint.
  7. Performs the sprint planning for the subsequent sprint.

For a person who can commit 10 hours of study time per week ( 1 hour per working day (Monday to Friday, and 5 hours during the weekends), the course can be completed in four weeks time.

Upon completion of the course, the participants will receive two certificates from the Project Management Research Institute;

  1. ‘Introduction to agile project management using scrum’ certificate
  2. Pmdistilled PMP preparatory course certificate with 35 contact hours

For more information contact us 

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Take the first step to PMP

Online PMdistilled PMP preparatory course Contents

  1. How to prepare
  2. A quick overview of the examination process
  3. Quick introduction to PMBOK V6
  4. The processes in detail
    1. Initiation
      1. Develop project charter
      2. Identify stakeholders
    2. Planning
      1. Develop project management plan
      2. Plan scope management
      3. Collect requirements
      4. Define scope
      5. Create WBS
      6. Plan schedule management
      7. Define activities
      8. Sequence activities
      9. Estimate activity durations
      10. Develop schedule
      11. Plan cost management
      12. Estimate costs
      13. Determine budget
      14. Plan quality management
      15. Plan resource management
      16. Estimate activity resources
      17. Plan communications management
      18. Plan risk management
      19. Identify risks
      20. Perform qualitative risk analysis
      21. Perform quantitative risk analysis
      22. Plan risk responses
      23. Plan procurement management
      24. Plan stakeholder engagement
    3. Executing
      1. Direct and manage project work
      2. Manage project knowledge
      3. Manage quality
      4. Acquire resources
      5. Develop team
      6. Manage team
      7. Manage communications
      8. Implement risk responses
      9. Conduct procurements
      10. Manage stakeholder engagement
    4. Monitoring and controlling
      1. Monitor and control project work
      2. Perform integrated change control
      3. Validate scope
      4. Control scope
      5. Control schedule
      6. Control costs
      7. Control quality
      8. Control resources
      9. Monitor communications
      10. Monitor risks
      11. Control procurements
      12. Monitor stakeholder engagement
    5. Closing
      1. Close project or phase
    6. Learning tests

The knowledge is transferred through;

  • Online 121 classes
  • Assignments (reading PMBOK, learning tests)
  • Doubt clarification sessions
  • Practice tests
  • This is not a record and play course. Personalized attention is provided to the course participants through live online meetings with the instructor.
  • Total effort required for the course (exam readiness) is 80 hours of effort.
  • How fast this can be accomplished depends on the duration of the customized schedule developed for specific participants jointly by the instructor and the participant.

Contact us 

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Take the first step. Contact us 

Pmdistilled PMP Work book

PMdistilledPMPWork book

Communication skills

Check out @HarvardBiz’s Tweet: https://twitter.com/HarvardBiz/status/996208586215886848?s=09

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