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Project Management

Project Initiation, Planning, and Execution in Private & Secure Ten3 Workspaces

by Vadim Kotelnikov & Ten3 East-West

 

Project Planning & Management Approaches

Targeted Market

Recommended Approach

Lifestyle

Rapidly changing; highly competitive

Some Types of Projects and Management Approaches

Frequency of use of different project management approaches:

XXX - most of the time; XX - half the time; X - sometimes

Types of Projects

Applicable Methods

Project Administration

Business Synergies

Venture Investing (especially projects financed jointly by several investors)

XXX

X

Transferring technology (especially manufacturing technologies)

XXX

X

Developing business partnerships (joint ventures; strategic alliances)

X

XXX

Developing new product / service (especially those developed jointly by two or more remote partners)

X

XXX

Managing value chain (especially relationships with suppliers and buyers)

XX

XX

Managing development assistance projects (building institutions / business environment)

XXX

X

Organizing events (conferences; exhibitions; business meets)

XXX

X

Tailoring Ten3 Project Development Workspaces to Implementation of Specific Projects

Customized Project Development Modules

Types of Projects

VI

TT

BP

NPD

MVC

DAP

OE

Opportunity introduction

x

x

x

x

 

 

x

Initial screening

x

x

x

x

 

 

x

Detailed evaluation

x

x

x

x

 

 

x

Market research

x

x

x

x

 

 

x

Due diligence

x

x

x

 

 

 

 

Valuation

x

x

x

 

 

 

 

Negotiations

x

x

x

 

 

 

 

Drafting agreement

x

x

x

 

 

 

 

Raising finance

x

x

x

x

 

 

x

Formal approvals

x

x

x

 

 

 

 

Contract execution

x

x

x

 

 

 

 

Legend:

VI - Venture Investing

TT - Technology Transfer

BP - Developing Business Partnerships

NPD - New Product / Service Development

MVC - Managing Value Chain

DAP - Managing Development Assistance Projects

OE - Organising Events

Benefits of Managing Projects Online in Ten3 Workspaces

  • For the era of globalization, supportive project management environment for distant partners

  • Well structured project management facilities

  • Convenient progress monitoring system

  • Customized project management environment for different types of projects: venture investment, technology transfer, new product/service development, or strategic partnership building.

  • e-Coaching throughout the project management process by linking different project management modules to relevant chapters and how-to guides of the Ten3 Business e-Coach

Two Approaches to Project Management

Ten3 project management workspaces can be tailored to different types of projects by applying two different approaches to project management:

  1. Project Administration - a traditional three-constraint-based (output, time, and budget) approach; characterized by an early design freeze that creates a stable target for the project; effective for incremental innovation projects when the time required to innovate is shorter than the rate of change in the business environment.

  2. Business Synergies - a new entrepreneurial approach; does not lock down design earlier than absolutely necessary not to miss a newly emerging opportunity; effective for managing radical innovation projects in the rapidly changing environment.

Project Management Modules

Modules specific to the Project Administration and Business Synergies approaches are marked with PA and BS respectively.

INITIATION

PLANNING

  • Scope Description

  • Customer Acceptance Criteria

  • Scope Boundaries

  • Resources (people, schedules, budget, outcomes)

  • Stakeholder Form

  • Milestone Chart

  • Project and Sub-Project Tree

  • Project PlanPA / Business PlanBS

  • Responsibility Matrix

  • Communication Plan

  • Risk Assessment

  • Lessons-Learned List

EXECUTION

  • Assigning Tasks

  • Tracking Progress

  • Status Reports

  • Monitoring the Environment

  • Formal Change Management

  • Fast-track Change ManagementBS

  • Risk Management

  • Communicating Progress

  • Evaluating Performance

  • Reviewing Issues List

  • Preparing Status Reports

  • Financial StatementsPA / Managing Cash FlowBS

CLOSING OUT

  • Final Evaluation

  • Customer Interview

  • Final Status Report

  • Lessons Learned

  • Recommendations

  • Close Out Report

  • Employing OutcomesBS

Project development workspaces have dynamic modular structure and can be tailored to implementation of various types of projects by adding modules specific to a given project (see table on your left)

Автор - Вадим Котельников. © Copyright by Ten3 East-West.  | Copyright | Glossary | Links | Site Map |

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