Project Initiating
1. the project management context
a) project life cycle common characteristics: Cost , Phases, Duration
b) Stakeholders:
i. Project Manager, Customers, Performing Organization, Sponsors
ii. There are three strategies that you can implement in order to ensure success with your stakeholders
1. Sort out Conflicting stakeholder expectations and demands
2. Offer Solutions to remedy conflicts
3. Take action to meet stakeholders expectations and demands
c) Organization Influence
i. Structure – functional, projectized, matrix
ii. Culture – values, beliefs, expectations, policies and procedures
iii. Style – Formal, informal (or: aggressive, conservative)
d) External Influence
We can identify the external influence by perform
P – political
E – economic
S – sociocultural
T - technological
2. establishing project parameters
l working within the constraints of the project
l meeting the objectives of the project
l making good business decisions
Below four topic can help us to establish project parameters:
l Project constraints, Assumptions, and Exclulsions
l Performing a cost-benefit analysis
l Decision tree analysis
l Authorization of the project charter
To identify a project constraints, you can ask:
“What restrictions will affect the performance of this project”
n technology limitations
n predefined budgets
n quality expectations
n limited resources
n political factors
n legal obligations
n industry standards
n deadlines
To help you to discovering the assumptions , you can ask “what factors are unknown, or uncertain”
Exclusion: “What is not included in the deliverable”
Cost-Benefit analysis
1. totaled the cost of the project
2. totaled the benefit of the project
3. substracted the project costs from the immediate benefits
4. calculated the payback period since the result from the substraction was negative.
5. decide to proceed with the project
Decision Tree analysis
1. define the possible decision options and the costs of each
2. assign an outcome to each decision option
3. complete the change node
a) 
4. calculate the net path value
5. determine the best decision path
