Professional Documents
Culture Documents
After watching Mike Clayton What is Milestone Planning, I have gained knowledge about milestone and
its relation to project management. Milestone is use as a metaphor by the project managers, it is a block
of stone that can be found by the side of the road. We find milestone at the places along the journey
and these places represents the achievements we obtain and decision that is done in the journey. To
put it simple, Milestone Planning is talks about identifying the key points and determining how they
relate to one another to create a sequence of events on a project. Some project managers plan forward,
they start planning from the present to the future. Other project managers plan backwards, they plan
their end milestones and work their plan way to what they are now. Some project managers plan
randomly and jot down the key points and connect it. The process of milestone planning is very
straightforward. The first step is to create a milestone. The next step is to create the links between
milestones. It will be easy to make network diagram of milestone and check how one milestone leads on
to others. The third step is to assign dates to the milestone. The next step is to attach a number of tasks
to each milestone representing the things you need to do and accomplish. The last step is to allocate the
tasks. Thus, milestone planning allows you to visualize your project and gives you more detailed and
organize information on how to achieve your milestone efficiently and on schedule.
The next video presents what is value engineering. Value Engineering deals with modifying a design or a
process to increase the value. The value is the ratio between the benefits or the functionality and the
cost. The goal of value engineering is to reduce or eliminate cost while at the same time maintaining or
ideally improving the functionality or the quality. The value engineering looks alternatives to existing
solutions. It is important to remember that value engineering takes part in the design or planning stage
of the project. There are things to be consider in value engineering, these are the materials,
transportation, plants and equipment, process, sourcing and lastly the delivered standards. Value
engineering involves identifying the main elements of a project. It also deals with analyzing the function
of these elements and developing alternative solution in delivering the function. Value engineering
includes assessing the alternative solution and allocating cost to these alternative solutions. Also,
developing in more details those alternatives that guarantees the highest chance of success and the best
return in increasing the value of the benefit to cost ratio. Therefore, value engineering takes place in
cost cutting. In other words, it finds a way to deliver the project in a lower cost remembering the
possibility that it will also reduce the quality and the fact of the higher chance of risk return. When value
engineering adjusts the cost and benefits to achieve the higher value of the project and they put it in
mind that there are also compromises and these compromises have been carefully analyzed before the
decision is made and that way, value engineering can contribute a lot in the development of the project.
End the end of the video of Mike Clayton, I have learned what lean project management is. According to
him, lean is an attitude or a way of thinking and systematic approach to eliminating waste. Lean project
management connects that attitudes to make our project run more efficiently and to provide better
services to the clients of the project. Lean management aims to eliminate holdups in the process of
making the project and speeds up the process the project and remove waste as it goes. Along the video I
have attain that there are three types of waste according to the Japanese Toyota Production system and
these are Muda, Mura and Muri. Muda is a wasted effort because whatever you do or resources you
deploy it doesn’t increase the value or benefit to your stakeholders. Mura is about inconsistency; it’s
doing things in different ways at different times. Muri is about over commitment and unreasonable
demands, it over stress and all unpleasant results to the humans and machine when overworked that
can cause to break down. As the lean management’s principle is apply, the project can be better than it’s
usual as that it reduces completion times, reducing waste and reducing the need for resources,
improves efficiency and quality of the final product and lastly it adds value to the services and goods we
produce. Thus, as this video has ended, I realized that lean project management is very useful to both
project and humans. Lean management helps us to be resourceful and to lessen the waste production. It
helps us to maximize our resources, time and efficiency. With these it makes us our project be on time
and more reliable and reliable than ever.
This paper talks about what situational leadership is. Leadership is extremely important to project
managers. Situational leadership is a style of leadership which matches the situation that is define by the
person and context that represents the task itself. Context is also defined by the organization, its
culture, values, norms, procedure and policies. It also talks about the personality, character and the
approach to leadership. The person pertains about the skills and expectation, motivation and will of
tasking. There are two simple models of the situational headship that focuses on two things, first is, they
focus on the persons ability with respect to the task. They are the highly skilled, lot of experience and
trusted to their ability to deliver the task. Situational leadership also focuses on the confidence level in
delivering the task or the way a person feels about the task and motivated on finishing the task. In
general, situational leadership can be highly confident, very skilled and motivated or have less
experience and unmotivated. The idea of a situational leadership is that it’s a choice to find a leader that
constitutes balanced behavior or personality which is suitable to the said task. Finding the right style of
leadership which is appropriate to the situation will most likely results to a good project.
the next video that I have watched tackles about business case. Business case is a document that
weights one against the other which is also called a cost-benefit analysis. Cost that represents the
reasons not to do the project and risks that may happened. Benefits that pertain to the reason to do the
task, the increase revenue and all the benefits that might be achieved in the task. In evaluating a
business case, for some organization, it weights the financial costs and benefits which sets the
standards. Cost and benefits are the easiest to be calculated. It is said that a business case will not
succeed when the financial benefits didn’t outweigh the financial cost. Investment appraisal is the
financial assessment of the cost and benefits which each organization conducts their own standards and
methodology. There are two types of business case. The first one is the piece of advocacy; it makes the
case for the project and sets out the cost and benefits to establish that the said project is a good
investment. And the other one is more impartial use; it sets out impartially the costs and benefits that
signify the number of options for the project. It is a better decision- making tool because it gives
decision- makers a number of options to select, allowing them to be confident. Therefore, in making a
business case it is better to find out first the purpose and its objective which will be portrayed to the
organization. A wrong kind of business case will not help the organization or the client well which, in the
end, may lead to future problems and misunderstandings and greater loss.
At the end of the video entitled what is a project definition, I have understood that project definition
tells what the project is and what is not. There are three fundamental components of project definition;
goal, objectives and scope. Goal answers the question of what we want. Objectives answer the question
how we do we want it. Scope which answers the question how much of it do we want. Any good project
definition includes the scope and beyond its scope and we gather it by also known as project definition
document and outline definition initiation document. To fill up a good effective project definition, there
are other elements that helps to find a way into a good project definition. First is the key deliverables,
this talks about what it to be expected in the production to fulfill the desirable goal. Next is the
dependencies, it links between the project and other things that is going on in the organization. Other
element is the constraints which deals with choices we can’t choose in the project. Also, it includes
uncertainties, are the things that we don’t know, and assumptions, are how we fill the gaps in our
knowledge temporarily. The other elements also talk about the risks that might face and the key
holders. Thus, project definition tells what your project is all about and vice versa. It also sets the
framework within which the project can be a good business case. In connection of uncertainties and
assumptions are risks that is why we need to clarify the uncertainties and verify our assumptions. It
makes sense to go forward and plan in detail.