Project management plan or plan to fail : Interview with Allen

Managing a project is like managing a business any Project manager can tell you that.

The challenge, of course, is actually pulling it all off. Here are four strategies shared by entrepreneurs and project managers who've successfully tackled their own big projects that can help your company take the risk and come out on top, It may force you to embrace new technology and/or hire more employees. The pressure will be enormous; failure could jeopardize your reputation as well as your balance sheet

The famous quote by famed Project manager Allen Carner “A Plan is a trap laid to capture the future”. Planning is the process by which you determine whether you should attempt the task, workout the most effective way of reaching your target and prepare to overcome unexpected difficulties with plenty resources as it helps to achieve the maximum effects from a given efforts.

Budgets demonstrate the potential of your business to investors and lenders. Budgets can also be used as a management tool. They can help you establish milestones and require accountability for accomplishing the milestones. They can help identify risks and show benchmarks.

Running a successful project requires a high degree of stakeholder management. So who are stakeholders? A stakeholder is anyone who has an interest in your project or will be affected by its deliverables or output. It is important to understand the values and issues that stakeholders have in order to address them and keep everyone on board for the duration of the project.

Project management control systems are the modern tools for managing project scope, cost and schedule. They are based on carefully defined process and document controls, metrics, performance indicators and forecasting with capability to reveal trends toward cost overrun and/or schedule slippage. Identifying those trends early makes them more amenable to successful management.

I feel that if a project manager doesn’t plan that project leader plans to fail. If you have an understanding of these four strategies planning, budgeting, project control, and customer satisfaction gives you and your team the best chance for success.




Special Thanks to Allen Carner