PROJECT MANAGEMENT: 
CHAPTER 4
The Project


 
PLANNING THE PROJECT 
 
  • clearly define the project objective
  • divide and subdivide the project scope into major pieces or work packages
  • define specific activities that need to be performed for each work package in order to accomplish the project objective
  • portray the activities on a network diagram
  • make a time estimate for completing each activity
  • make a cost estimate for completing each activity
  • make a baseline plan of what can be accomplished within a project schedule and budget


PERFORMING THE PROJECT 
 
 



CONTROLLING THE PROJECT 

measure progress, compare it to planned progress, and take corrective action if necessary 



TERMINATING THE PROJECT 

performance of the project is completed and the result is accepted by the customer 
 

  • verify that all agreed-upon deliverables were provided
  • ensure that project-related documentation is properly organized and filed
  • assure that all payments have been collected from the customer
  • assure that all payments have been made to suppliers, subcontractors, and such
  • conduct post-project evaluation