• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Project Plan Forecast

Extracts from this document...

Introduction

Project Plan Forecast University of Phoenix MGT 573 Project Management in the Business Environment Dr. Eli Konorti July 23, 2007 Project Plan Forecast The aim and the focus of this paper have been to identify the SAP Supply Chain Management (SAP SCM) project of Saha Pathanapibul Public Company Limited. Forecasting enables the project to proceed on time and effectively towards the completion. Forecasting also enables the company to predict change and conduct strategies to move towards the future confidently (Nguyen, 2004). This project plan forecast provides an overview of the project, including a communications plan, a forecast of the time required to complete the project, descriptions of the project closure process and the project audit process, budget estimates, forecasted project outcomes, and three key learning points that Sahapat could apply for its project from the simulation. Communications Plan Proper communication is vital to the success of the project. Communication is the process by which information is exchanged. In addition, communication in the management of a project flows downward, upward, horizontally, and to outside receivers, such as the stakeholders. The purpose of project communications is to provide information to the project stakeholders. Project information is distributed through a variety of means, such as project meetings, hard-copy document distribution, and shared access to networked electronic databases, fax, electronic mail, voice mail, videoconferencing, and individual and group discussions. Project management communications are also carried out through software, such as correspondence, memos, reports, and documents describing a project's planning, organization, evaluation and control strategy, and progress. ...read more.

Middle

Once the decision is made to terminate the project, the closure must be planned and scheduled, monitored, and controlled-- as if it is a project in its own right. This administrative closure work is carried out in addition to the activities already planned to complete the production of project deliverables. Both these plans need to be monitored and controlled to ensure timely and effective completion of the project. From the following table, activities of SAP project are conducted, and the project needs to be reviewed for evaluating the achievement. Project Closure Process Project : SAP Supply Chain Management Customer: Saha Pathanapibul Public Company Limited Project manager: Kanison Premprasert Completion Date : June 30,2008 Due Date Personal Responsible Notes 1. Document IT department acceptance July-18 Kanison 2. Customer training in SAP SCM software July -20 Technical Manager Train all department before conversion 3. Archive all - Schedules/ Actual (within 18 months) July -28 Kanison - Budgets/Actual costs (1.2 million) July -28 Kanison - Changes July -28 Kanison 4. Close out all accounts with Sahapat July -28 Kanison 5. Close out all work orders Aug-02 Kanison 6. Reassign project staff Aug -05 Manager 7. Evaluation of - Vendors Aug -20 Kanison Use standard questionnaire for vendors - Staff members Aug -20 HR officer Have HR department develop and administer 8. Final report and lessons learned meeting Aug -25 Kanison 9. Lessons learned archive to database Aug -30 Kanison Contact IT department 10. Tribute awards Aug -30 Manager Notify to all stakeholders Project Audit Process Management team is suggested to follow up in each process and ensure that the development team is accommodated to the capital resource. ...read more.

Conclusion

If a project manager knows how to mark out and classify potential risks, he or she might analyze and find out effective strategies to mitigate the risk effects. The optimized strategies or contingency plan usually depends on risk exposure and project characteristics so a project manager may make a cost and benefit analysis before making a decision. 3. In a business world, some executing projects may operate as joint projects or a part of higher-value projects of their own clients, hence a delay on a project might create huge ramifications to the rest. As project managers, when they are planning a project, they might be worthwhile building in a buffer in their schedule so that unexpected delays can be absorbed within the schedule without much impact to the clients or co-project teams. In case projects do not comply with due date, project managers should discuss to the clients including solutions and work progression to minimize unfavorable consequences. Conclusion Projects exist in every sphere of business, markets, segment, and industry. Projects would come in a myriad types, sizes, and complexity- from small initiatives, medium-size initiatives to mega-projects. Nowadays, project management is no longer special-need management. It is rapidly becoming a standard way of doing business. Project managers need to communicate with everyone in the company who's responsible for implementing and reviewing projects. To work effectively, it must enable communicating about a project's progress, goals, costs, and availability of personnel. In addition, the effective project manager should have skills and a good working knowledge of project management process, and pay attention on risk management plan, which will enhance a project success and a long-term benefit to a corporation. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Management & Manipulation of Information section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Management & Manipulation of Information essays

  1. Marked by a teacher

    Hardware and Network issues in e-commerce

    5 star(s)

    Firstly there's the cost of purchasing the modem, which can cost from �60 up to �100 (various internet sites). Secondly subscription fees can be quite expensive, they can range from around �15 up to around �70. Another blow to the wallet is the fact that when signed up, apart from

  2. Marked by a teacher

    STELLA Science Simulation Software.

    The example of the sample model that can be found in the STELLA website is pendulum story. A simple pendulum is one which can be considered to be a point mass suspended from a string or rod of negligible mass. It is a resonant system with a single resonant frequency.

  1. Analysis of market, environmental forces, competitors, marketing mix and consumer implementation.

    These figures provide a realistic approximation of the gap, which Sony found within the market indicating that Sony have sound knowledge of the industries needs and were able to meet consumer demands. Despite being aware of this fact they were certain that they would be able to successfully generate large

  2. Designing a booking system for an Estate Agent.

    Lastly, a data that will be needed is the information about the company cars. The company has 3 company cars. This way when booking an appointment the employee could decide on which company cars they would use for the visit.

  1. software development

    Advantages and disadvantages: The black box tester has no "bonds" with the code, and a tester's perception is very simple: a code MUST have bugs. Using the principles, black box testers find bugs where programmers don't. BUT, on the other hand, black box testing is like a walk in a

  2. Home Office LTD company. Database

    In the monthly review, the cells were named "jansales" and "jantotal". With the formulas in cells B6 and C6, the figures from January automatically appear, even if the totals change in the monthly review sheet, they will also automatically change in the yearly review.

  1. I have been asked by my company (Standard engineering components LTD) to investigate the ...

    He then picked up his cell phone and moved away from me (but not so far that I couldn't hear him). "Can I show it to him?" he asked. My ears strained to catch anything they could. At length, he came back over to me and with a sly smile, said, "We're working on that."

  2. Beanie Project.

    Then finally will be accompanied with a test planning section, which shows auto-completion macro entries and such, which cross link data to forms and such within the document. This will be followed up with error control, showing whether what was used in the test plan was correct and whether or not it did what was required from the user.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work