Project Plan Forecast

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Project Plan Forecast

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.

A project communications plan may be formal or informal and highly detailed or broadly framed. The plan should be based on the needs of the project, its stakeholders, and the sponsoring organization. For Sahapat Corporation, communication is required to keep the SAP Supply Chain Management (SCM) project staff informed of project status, work plan issues and risks. The following table shows the formal and informal communication plan for the SAP SCM project.

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Time Required

A forecast estimate of the time required to perform a task is a basic necessity for scheduling the project. In SAP SCM project, task might be complete by June 30, 2008. However, if delay occurs, the project manager has to spend additional amount of dollars in indirect costs, such as hiring temporary employees in critical task.

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 ...

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