1.7 Reach agreement on suitable project Research projects evaluation methods Ongoing business projects. 1.8 Develop an overall project management plan Resource strategy may relate to: and communicate plan to appropriate Human resources strategy with reference to permanent/part-time employees, colleagues contractors Identify and 1.9 key project milestones Material resources strategy, e.g. Supplier contracts, discounts, volume pricing communicate to persons involved Physical resources strategy, e.g. Purchase, lease, rental Element 2. Administer and monitor project Framework for development, maintenance and utilisation of resources. 2.1 Implement and monitor project in conjunction with project team members Financial viability of the project may relate to: 2.2 Provide support and assistance to team Availability of short and long-term funding members, as required Cash flow issues 2.3 trust and respect within the project team Market feasibility 2.4 Assess and review progress against project goals and in consultation with project team Level of financial risk involved members Cost benefit analysis 2.5 Determine the need for additional project Impact on other aspects of operation resources and take action accordingly Breakeven points/profitability. 2.6 Monitor budget in accordance with enterprise guidelines Key factors may relate to: 2.7 Provide regular reports on project progress to Available resources all appropriate colleagues/customers Capability of resources Complete the project within agreed time lines 2.8 Budget Element 3. Evaluate project Contractual obligations 3.1 Assess project at specified stages, using Contractual penalties. agreed evaluation methods
1.7 Reach agreement on suitable project evaluation methods 1.8 Develop an overall project management plan and communicate plan to appropriate colleagues 1.9 Identify key project milestones and communicate to persons involved Element 2. Administer and monitor project 2.1 Implement and monitor project in conjunction with project team members 2.2 Provide support and assistance to team members, as required 2.3 trust and respect within the project team 2.4 Assess and review progress against project goals and in consultation with project team members 2.5 Determine the need for additional project resources and take action accordingly 2.6 Monitor budget in accordance with enterprise guidelines 2.7 Provide regular reports on project progress to all appropriate colleagues/customers 2.8 Complete the project within agreed time lines Element 3. Evaluate project 3.1 Assess project at specified stages, using agreed evaluation methods Research projects Ongoing business projects. Resource strategy may relate to: Human resources strategy with reference to permanent/part-time employees, contractors Material resources strategy, e.g. Supplier contracts, discounts, volume pricing Physical resources strategy, e.g. Purchase, lease, rental Framework for development, maintenance and utilisation of resources. Financial viability of the project may relate to: Availability of short and long-term funding Cash flow issues Market feasibility Level of financial risk involved Cost benefit analysis Impact on other aspects of operation Breakeven points/profitability. Key factors may relate to: Available resources Capability of resources Budget Contractual obligations Contractual penalties.