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The importance of a feasibility study has been debated within many companies for years. What has come out of the debate is there are those that think they know what the public wants and those that actually check to make sure their assumption is true. By conducting a proper feasibility study , the target audience can be clearly identified along with their purchasing power. This process will determine the economic prowlness of a proposal by a business. This is an important part of a business case that should be done after a business idea is created but before it is technically developed and long before the production of any product is started. In essence, a feasibility study is to determine the viability of a business venture in a specific area or sector of business. This is the process that will identify any possible problems that might occur between the acceptance of the product with the consumer and how profitable the business venture might be. Just because a business has a great an

The international business case has to take a different approach to the project because of the different factors that are involved with non-domestic markets. These factors that need to be considered are the local market, the customs of the people in the target area, and the regulations of the government where you have decided to do business. With an international business case , the first step would have to be a feasibility study to see if the possibility of a profit is even possible. Obvious examples of a business and projects that would fail are a beef industry in India, or an ice machine to Eskimos. Knowing the market so the appropriate international business case can be drawn up is vital to it success. The way business is conducted in many countries around the world vary considerably. Just because you have a great product that is a great seller in one area, does not mean it can sell in another. In many cases, it is the way business is done that interferes with the production of t

The modern software development methodology is the base framework that is used to plan out and control the developing process of an informational system from a software engineer’s standpoint. There are three standard types of software development methodology that have been in use since the computer age matured. These are Prototyping, Waterfall, and Spiral. They have been very successful when applied correctly. But like with all process, new ones emerge. The latest is Agile. The Waterfall model was one of the first to be applied to the development of software. This was back when programs were small and not nearly as complex as they have evolved into today. The software development methodology for this is a linear process that starts with the requirements of a program. Then, the software is written and debugged. It is then implemented to check that it works properly and is verified. After that, only routine maintenance of the program is needed. Prototyping software development methodo

The right business case example for your company is generally dependant on what other project managers have submitted before. Unfortunately, not all project managers within a company work together. Many are pinned up against each other in a competitive setting to get the most out of them. This is the view of some upper management and their style of doing business. For this reason, a previous business case example might not be readily available. If this is the case with your company, then your job is harder than most. What you need to know is what format and type of presentation has worked successfully in the past. If all else fails, use a business case template from your project management software. This kind of approach will give your business case example with a starting point. Just keep in mind that the goal is to gain a financial commitment form upper management for your project or endeavor. The template will give you the framework to construct a solid argument on why your proje

The reason for a business case analysis is to get the most out of any proposal while making sure it is on track with the company’s strategic goals. A business case can be looked at like a blue print of the details that make up a project. By taking a close look at it, upper management can be informed from the start so their approval or denial is based on facts and not innuendos. Not all reviewers that handle the business case analysis are fully qualified for the task. Many members of upper management come from the financial or sales departments. Their understanding of the manufacturing process is then somewhat limited. Because of this, the project manager must have prepared their business case with this in mind. In most of the business case analysis that is preformed, the financial numbers are closely scrutinized. The bottom line reason a company is in business is to make money, so this is just fundamental and usually an area that the upper management is very familiar with. This secti

The main use for business case templates is to help the writer in following the proper protocol to obtain the financial backing and approval of upper management on their proposal. The proposal can be for a change in the way business is conducted, a project proposal, or any other type of business activity that takes substantial financial backing to carry out. When looking at business case templates , finding the right one is not always straight forward. The right one will help emphasize the strong points of your argument to have your proposal approved. Your template should be able to help you clearly define the needs set forth by the proposal. The benefits of the proposal should also stand out. If your template does not do these two major things, then find another one. Business case templates should also help clarify how the proposal benefits the business while still following the organization’s strategy. The conclusion of the project and what will make it a success should be clearly d

Picking the right sample business case to follow can make all the difference in the outcome of your project. Unless the right approach is taken to secure the financing of the project by getting the upper management onboard, your project may never see the light of day. Online, there are literally thousands of examples where a sample business case can be looked at and studied. If a person looks hard enough and long enough, they are sure to find one close to their needs. The first place a person should look is from previous business cases within their own company. The reason a sample business case should be studied and parts of it copied from your company is so it fits the needs, requirements, and the look of previous business cases that have been presented to the upper management before. Many companies already have a template, SOP, or some sort of documentation that should be followed for your project to be approved. If one is present within your company and you do not use it, then ap

The agile methodology was the result of the formulation of the Agile Manifesto in 2001. This methodology for developing a software program is the evolution of a solution that involves the collaboration of many teams that work together, based on an iterative development approach. When the agile methodology approach is used, then the project manager must constantly be adapting to the needed changes that occur when an inspection of the product is undertaken. To achieve the best possible results, inspections must be frequent and thorough. The key ingredient the project manager must emphasize throughout the project is camaraderie within the team. This helps to build trust and their team’s ability to work effectively together. The ability for team members to be self-organized and responsible enough to be accountable for their contributions is vital. The rapid development of good quality software from a group of engineers that follow the correct philosophy of this agile approach to work is

To have a business case template that is ready to be used, it first needs to be created. There are two approaches to this. A person within the company can be assigned this task, or a business management program can be purchased. There are also a few available online, but time will need to be taken to properly modify them to fit the business needs of the company. This has to be done along with following the company format. To create a business case template , the first page must be a title page. This should include the company’s name and the purpose for the template or the department it will originate from. This should be done in bold print to emphasize it. A summary should be next. This is where bullet points on the main topics that will be covered should be clearly defined. For the best results, make sure the benefit the company provides to its customers is emphasized, along with any positive economic factors. The next section of a business case template is what is referred to as th

To write business case involves many different facets of a business that the writer should have knowledge in. For many that are assigned this task, a business case template is where they start. If you or your company does not have such a template in place, then the following will assist you in this important task. Knowing how to write business case and what should be present in it is very important. A project’s approval or a department’s needed acquisition will depend on how well-written and structured your business case is put together. To start your business case, you should first have all the financial information pertaining to your project on hand for easy reference. When you are writing your business case, including all pertinent information is important. This is a financial document that sets forth the justification for the expenditures you are requesting. The first page is the title page with clearly states the focus of the report. Inside the document has to be why, what, when

A business case can be easily compared to a legal case. The basic structure and formats are the same. The purpose and outcomes of the different arguments, however, have vastly different consequences. The main purpose behind a business case is to have a well documented reason for a specific project to be undertaken by a company. In many cases, there will be a practiced verbal argument for the project with the upper management for the needs and benefits of the project being presented. In the presentation of the business case , how the resources of the project will be allocated and how the specific business needs of the company will be benefited by such a project should be presented. In many cases, though not always, this is also when a new project to increase the company’s revenue stream are to be presented. A business case is also needed when a specific need of a company needs to be addressed. A good example is when a change in a vendor is needed. The reason can either be because of

When the right project management life cycle for a business has been established, many businesses get into trouble when it is not properly followed. A well-disciplined leader is needed to keep the company’s business plan on track and on focus to meet the goals of the company. This is the main difference between a project management life cycle and just a project life cycle. One deals only with the project while the other helps the project manager deal with how to properly manage the tasks through every part of the project. Knowing how to apply the right managing techniques is what is key. All project lifecycles are the same no matter what type of business or products are involved. It is the project management life cycle that varies from company to company, depending on what type of business and products they produce. One of the leading challenges of any project manager is how to properly assign the specific project tasks of a lifecycle to the project management life cycle. Many of th

A business project management methodology will follow a well-structured and properly defined process so the business and its projects can be run in the most efficient manner possible. For this to be feasible, the proper framework must be determined so a structured environment can be established. Some businesses like to use a complicated project management methodology that is somewhat confusing. With confusion come delays, problems, and issues which could lead to cost over runs and lost time. The best approach for a project management methodology is to for it to be simple but thorough and complete. From the beginning, set the project’s life cycle in place so a documented plan can be followed and for all to see. The technologies that are to be used must be able to be incorporated into the project in a seamless fashion. The measuring of activities, along with risk management, scheduling, allocation of resources, and cost minimization all have to be included. With each project managemen

The specific definition of what a project lifecycle is can be easily defined. A very basic way of defining it is the time from the inception of a project until it is completed. There are different phases it will go through that include the planning, design, scheduling, quality checks, and monitoring of said project. Unless the project is very small and does not entail too much, most projects require a more detailed plan than this basic model. A very crucial step in the life cycle of a project is its initiation or its inception. Without a project being properly planned out with the goals and purposes of the project clearly being defined, the end result cannot be positive. In this initial step of the project lifecycle , a very important ingredient is the feasibility study. If the target audience does not want it, understand the benefits of it, or cannot afford it, then it will not produce a revenue stream and will be a business failure no matter how great the service or product is. Only

There are project management classes designed to educate you about project management methodologies . But there are couple of people who want to discover project management by themselves. If you refuse to attend seminars about project management, you have to acquire first the basic references. There are online references and notable books written to guide you all throughout the project management. It is not advisable to read your books from cover to cover because it will only create confusion rather than illumination. So it’s best to start from the basic and learn few things. All other aspects that you have to learn will come along the way. Once you understand the basic of project management, then it’s time to move on to the next level. There are online project management classes which can give you a larger picture of project management. There you will learn how the teams work with the project managers and how they managed to accomplish the given task. Your next step is to evaluate you

A project life cycle is the logical path or sequence of events taken by a team or individual to fulfill the goals of any specific project that is to be undertaken.  The first step on this path is the initiation of the project. This is where the projects goals and concepts are conceived, defined, and documented. In most cases, a report is then submitted to upper management once this is accomplished, for approval and the green light to proceed to the next phase of the project. The second step in a project life cycle is the planning stage. This is where the details of the project are discussed. Each step of the project has to be detailed and defined. The risk analysis should be completed to make sure the project is economically feasible and that when completed, will produce a revenue stream for the sponsor company. Another section off this phase is the resource allocation that has to be determined, along with who or what crew is going to complete each necessary task so the project can r

Project Management Methodologies have two types: project methodology and development methodology. Although they are taken collectively, the two are separate and distinct from each other. Project methodology offers a structural framework for project management. Depending on the kind of project and corporate environmental management , the methodology ranges from a simple to more complicated process. It involves the whole project management process and aims to complete the project assigned to you. For a simple project, the methodology will involve only the basic stages: initiation, planning, execution, and evaluation. But if the project is more complex, there will be additional stages in order to provide more control on the execution of the project. Most of the project management methodologies are equipped with process information to enable you to create your own methodology. There are templates and forms available as your pattern to help you start in case you haven’t figured out how to

Project management templates are continuously proven to provide managers the results they need.  They do not only help in saving effort, time and money but it also gives out a hundred percent assurance that all the phases and aspects of a certain project are basically included in the overall coverage of the project plan. But a project management template should also be thoroughly studied and analyzed before one should make the decision of applying it for the project.  You cannot just grab any project template you have searched without thinking of its suitability to the project you are presently holding. Project templates for it to work and provide the most essential benefits to the project managers and the completion of the project must be able to have the following factors: 1.  Define Project Responsibilities.  The template should be able to make identifications and determine who hold the responsibilities for the project.  This factor actual involves two project management aspects

The Microsoft project templates that are made for use in business applications have been tried and tested by companies for over 20 years. Microsoft still offers the standard temples as part of its Microsoft project software, but with so many businesses using them, there are plenty available for free on the internet. For most purposes, there is one already made that can come close to filling your needs, it just might take time to find the correct one. The Microsoft project templates are made so you never have to start from scratch again. Since time is money, saving time where and when you can only makes good business sense. The starting point that Microsoft project templates can give your project manager is the same that any well constructed template can give them. The biggest difference is the name behind the template. Just like Levi’s Jeans, most buy them because of the name. The standard Microsoft project templates are not open sourced but if your team has the know-how, they can m

Project management templates are essential tools for a certain project to be properly and successfully undertaken.  The use of this template help in ensuring that time is being saved and is consistently used productively.  It also guarantees the uniformity of documents when the process of documentation is concerned.  Among the many available tools for project managers such as templates, planning software and checklists that may help them including their team members successfully hurdle all the processes involved in planning, management and the execution of tasks present in the project, the project management template may be considered as the most essential tool.  This is primarily because of the fact that it can be used in almost all phases of a certain project.  From the initial stages to the end results, a project template ensures the simplification of the entire management process. One of the reasons why a project template has become the most essential tool in carrying out a pro

The Excel project template is used in the business offices across the nation and the world. Once you know their purpose and how to use them, they can simplify the job for which they are intended. All of them are constructed on an Excel spreadsheet as a foundation which many people in the business world know how to use. When a business decides to use an Excel project template as part of their business plan, there are two options available. The first is to have someone in the office that knows how to create the different functions a spreadsheet is capable of to create what is needed. The second is to find a spreadsheet on the internet that either meets the needs, or is close, that can be modified to fit the business needs. This platform for a spreadsheet is somewhat versatile with the ability to not only calculate data points but also insert graphs and charts. The data and the graphs or charts have the ability to interact with each other so an Excel project template can be created and

The six sigma methodology is a business quality management strategy that has been in use since its introduction back in 1981 by the Motorola Corporation. The main premise behind this quality system is to make improvements in the process of identifying and eliminating the errors and defects that are inherent to any process where it is applied to. The six sigma methodology is also used to minimize the many variables involved with a manufacturing process. This is done with the use of a statistical analysis of each part of a process to properly identify the place where an error is most likely to occur. The different processes are all carried out to specific and pre-defined sequence of steps that have pre-determined targets. These targets are set with the purpose of applying the six sigma methodology, which is generally to increase profits by reducing cost and minimize defects and errors in the products. The six sigma methodology process has matured since it was first introduced. In its

A project management template is at present a must for every business project no matter how large or small it is.  The use of this project management templates increases efficiency and productivity while minimizing effort, time and cost.  They are proven to provide methods that carry the project smoothly from the start of it until the very end and run the project in a manner that the project manager and its team including the client can view and gain understanding regarding the project’s progress and the detailed duties and tasks of every participant. There are a lot of available project templates for every phase or stage of a certain project.  A good and effective project manager is able to sort out from among the available templates what particular project template to be used that is generally applicable to the project.  Customization of templates is actually a straightforward and simple matter that is why every available template is always specific and suitable to the entire pro

A project management template is proven to provide desirable results to project managers in their attempt to achieve their business-oriented goals.  When a manager of a certain large projects wants to run these in a very smooth manner, the first essential step is to hold on project management templates to ensure that this is being attained.  Numerous project templates are available for various tools used in project management such as risk analysis and Gantt charts and each manager should be able to take every advantage they can get from project template solutions they have chosen to apply for the project. A project template is created with the intention of saving money and time.  These templates are helpful in developing project plans the faster way thus allowing managers to save much time.  Managers do not have any reason to redo works that have been done when templates are available because these simply require the process of filling up.  Despite the fact that finding for the most

The uses of project templates are becoming more common in the business world as their advantages are being recognized. The use of templates is not a new idea. For centuries, business professionals have used them to make their business run better. For as long as there have been business and projects involving them, there have been managers that just seem better prepared for their jobs than others. The biggest distinction is between professionals and those that have a job with a company. The person that holds a job goes to work every day and they do their best to perform their duties. The professional takes it one step further. They put in the extra hours on the job, and at home. They also plan for the next day for weeks ahead of time. They are the ones with project templates ready to be used when they are needed. These prepared professionals know what it takes to get a job done efficiently. Even before computers, professionals would construct hand drawn project templates for use on t

Project Management Process refers to the procedural aspect of undertaking a project. It gives the manager project management methodology to effectively handle the project as the steps become complicated. Whatever may be the nature of the work, project management process determines how to start the project and how to end it as well. There are four major stages in the process: initiation, planning, execution, and evaluation. The initiation process refers to the determination of the feasible time to continue with the activity. The project managers will identify the problems and weigh in all possible opportunities. The managers will provide insights on how to resolve the situation. At this stage, it is expected to come up with a solution deemed workable to a particular situation. Upon approval of the recommendation, the managers will briefly give the main points and define the scope and structure of the project. Planning starts with a preliminary description of the plan to establish the

When you encounter customers who ultimately want to have everything despite the fact that it is actually impossible to be given to them, project management templates may be a way to handle them.  As a project manager, one must take the extreme caution when it comes to facing this kind of ordeal because if he won’t, chances are he will consume cost that is way above the budget.  To stop this from happening, the application of a project management template may be considered. Customers may sometimes be very demanding.   It is inevitable when you are running a business or a project.  The best thing you can do in this situation is to lay down the scope of the project for them using a project template and allow this to manage them.  Here is what you need to do: 1.  Hold a formal statement to your customers.  Make your customers understand the statement of work you are actually offering and have an assurance that both of you gain mutual understanding about everything.  If there are confu

There are free project management templates that are designed to give a business manager an idea of how useful this business tool can be for them to use. In most cases, this free tool can be divided into two separate categories. The first category of free project management templates is the one that is offered by an individual or group with no option of payment other than donations. Most of these are open source programs that anyone can modify or make adjustments to. These are a nice place to start to see what is out there. Most of them are web based systems that once you have a version, no more changes can occur unless you update it from the website. Others are collaborations that are of a web service base. This way, anyone can contribute to them. This is a constantly changing set of templates that might fit your needs one day and be modified the next to where it may no longer be applicable you your business needs. The second type of free project management templates is proprietary

The basic elements of a project are resources , time, money and scope. These four elements are reciprocally connected with each other. Hence, a project manager must be able to manage these elements altogether in making up project management methodology . The resources will include the manpower that will do the assigned tasks to complete the project; and the necessary equipment and materials to be used in pursuing the work. The time pertains to the period during which the work has to be performed and the estimated date when the project will be completed. The money refers to the budget; how much you allot for the costs and contingencies as well as the profit you expect to gain. The most important element in project management is the scope. In fact, the scope has to be considered in all stages of project management methodology . The scope refers to what the project aims to accomplish. As a project manager you are expected to meet the scope of a project in relation to the timeline, budget

When a project manager is being handed out a job of carrying out a large project, the first factor that he should consider is how to make the entire project run smoothly.  As a solution to this first consideration that a project manager should place in mind, project management templates are available for their use.  A project management template is known for its effectiveness in helping out project manager carry out their new projects the smoothest and easiest way possible.  These templates are intended to ensure that certain decisions are made rightly that reduces the amount of negative risks managers have the possibility of facing. Managers should be able to make use of the benefits and advantages the presence of a project template has to offer in their project undertakings.  A project template is very useful for project managers in terms of saving time and finances.  The saving of time is possible because the templates help in increasing productivity.  Things and other certain i

A software development methodology is sometimes referred to as system development methodology when it is in reference to software engineering.  It is the foundation or framework of an informational system when developing a process that is made up of a structure with a plan and the controls to monitor the system. The very first example of development methodology can be traced back to the first use of flow charts in the 1920s. In the 1960s, the life cycle of a system development was created. This helped to visualize how informational systems could be developed in a methodical and structured way, from its beginning to completion of the system. Since the first introduction of software development methodology , there have been several different approaches that have been developed so the end process can be accomplished. The Waterfall approach is one that uses a linear framework. Then, there is prototyping that is iterative framework. The Incremental type combines both the Linear and Iterat

Management of a successful project calls for competence, capability, dedication and determination. All businesses around the world will require you to present your output with high quality because they are trying to be competitive in the market. Project management methodology is the key to meet the expectation of your company. Adequate knowledge pertaining to project methodology will enable you to face the demands of delivering projects within the expected time and quality. Participating in project management courses will equip you of knowledge that you will be bringing as you manage your own project. Although you can study project management methodology by yourself, sometimes it is better to listen with qualified lecturers and learn from successful project managers. Project management courses are not limited to theories and templates. The course will require you to interact with the organization and to experience project planning. Generally, project management courses include the in

Project management templates may be ranked by several project managers as the first one when basing on the most important tools for the successful undertaking of a project.  It may serve as an excellent source of information when a manager is just starting to manage his first project or it may be an influential and essential tool for experienced project managers to establish a  project that has a huge chance to succeed.  A project management template offers a format that may be considered as consistent and repetitive and this only requires to be properly filled out.  Once this is successfully filled out, project managers may be able to ascertain the degree of effectiveness the venture is most likely to offer to the entire business. The format for a project management template usually consists of the following categories to be completely filled out: The Project Title Its Table of Contents The Project or the Executive Summary The Project’s Mission Statement The Project’s Obj

Project management templates are created for the purpose of simplifying documentations for certain projects.  Applying a project management template suitable to an existing project allows project managers to save time and money and reduces any chances of committing mistakes because of decisions made within the duration of the project.  During the development of a project template and in using such template to quickly capture the plan, the acronym SMEAC is of great help.  The acronym stands for the following: S – Situation.  Projects are dependent on business situations for it to come into existence.  When people concerned, specifically the project managers, are about to describe the situation, they make sure that all the necessary information are given out.  It is advisable for every project manager that they tell their subordinates about the reason of working into the plan or project.  It is also an advice to tell the superiors who have the responsibility of approving projects abou

Project management often includes a project case study through which you can learn during the life span of a project. This case study presents the basic method on how to conduct each stage of project management methodology . There is variety of case studies available for your personal learning. Project Management Case Study is a documentation of well-researched methodology to provide an in-depth analysis of a project and how to explore alternative solutions. If for instance you are committed to put up a building project, then the case study will tell you exactly what to do with the project and how to undertake each stage in an efficient manner. The first step is documenting the problems and identifying the possible solutions to it. Afterwards, the costs of production and the benefits derived from the project as well as the feasibility of the chosen solution will all be determined. Still going further, the project case study will present to you who are the qualified persons to undertak

Project managers are constantly searching for ways and tools on how to successfully complete a certain project they are presently holding.  They are always directing their visions toward achieving the most desirable results during the entire duration of the project.  Available project management tools that enable managers to achieve their goals include checklists, planning software and project management templates .  A project management template is usually the most influential tool that drives project managers towards the successful undertakings of their projects. A project template is very helpful to project managers during the present in matters concerning the completion of stages involved in finally getting the desired end results of certain projects.  The basic facts regarding project management templates include the following: A project management template may be available to be used for business plans, gantt charts, ms projects, project charters, risk analysis projects, bu

The typical approach to project management methodology is the most common course of action that has worked in the past. But with the ever changing market and changing structure of business, this is not always the best course of action to take. The advantage of using a methodology that has been used in the past is that the strengths and weaknesses of that path are already known. With this knowledge, it is helpful but not necessarily the beat project management methodology to follow or use in this new age. Many of the old business practices are based on results before the internet became a large part of commerce around the world. The different parts of managing a project, along with the tools a project manager will be using, is new and a company’s project management methodology must be updated to reflect this. The same parts are there like initiation, planning, execution, monitoring, and closure of a project, but the way it is followed and tracked is totally different. The use of proj

For many businesses, the use of project management templates has assisted in streamlining their work on a daily basis. The reason templates are so highly valued is they give a project manager a starting point. By giving the template a file name, the project can begin with the planning stage. No longer do they have to create a working document from scratch. This is the streamlining effect of using project management templates , the preparatory stages of starting a project are already completed and the actual planning of the project can commence immediately. As a project progresses, more templates can be used to help speed up the process. A well thought out package of project management templates should include project initiation, planning, execution, and closure. These are the most common types that are used in every project. Unfortunately, not every project progresses smoothly.  Being prepared for any contingency is part of a project manager’s job. To help in avoiding delays in a pro

Project Management Office is a software kit designed to provide you with tools and templates to be used on your project methodology. If you already laid down your procedure, this toolset will improve the output of your work by increasing its quality. Project office helps you manage your time, cost and risk; gives you proper training; details all stages of methodology; helps monitor and control the progress of your work; and it also promote project management parlance within your organization. Basically, the project management office renders services like processes, standards, tools, terminology, training, auditing, reporting and reviews. The best attribute of project office is its ability to mentor your staff regarding project management. Due to numerous tasks you are involved with, teaching your staff about project management and guiding them in all phases of methodology can be an excess baggage. With mentoring feature of project office, you will be relieved of this responsibility to

When new and experienced project managers are searching for the best tools to make their projects succeed, a project management template can be an excellent solution.  A project template can be considered as a fine tool which can be used by managers, experienced or inexperienced, in the process of producing numerous documents for the project.  The templates provide repeatable and consistent formats for each of the company’s projects and products entered and tracked within the internal management.  The templates to be filled up are formatted based on common headings and sections of it and the manager may be able to use the entire format to make the project work out the faster and easier way. The senior management always has the responsibility in making the decision when it comes to what projects to be included in the company’s portfolio.  They are the people who make assertions about the sufficiency of economic value of a certain new project in comparison to other existing and potenti