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Making the Go Decision for a Project

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SKU:
PMGNOK

 

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Course Description

Making the Go Decision for a Project
One-Day Seminar Program Number: PMGNOK PDUs: 6

Course Objectives:

Participants will learn to evaluate the project manager’s role in the concept phase of the project.

Learn to:

  • Ask the right questions to make the go / no go decision for a project
  • Develop a Work Breakdown Structure (WBS)
  • Use the WBS to identify risks
  • Define activities associated with the concept phase of the project life cycle
  • Calculate Net Present Value (NPV), Return on Investment (ROI), Discounted Cash Flows (DCF), and Internal Rate of Return (IRR)

1.0 Introduction

  • Seminar member introduction and overview of course material

2.0 Introduction to Making the Go Decision

  • Responsibility for PMO Management / Executive Management
  • Examine gathering data and identifying needs for the project
  • Go-No-Go Decision Criteria

3.0 Data Gathering

  • Research Information on the Internet and Ask Experts
  • Research Other Projects and Study Historical Data on Past Similar Projects
  • Ask Project Stakeholders

4.0 Establish Project Goals and Objectives

  • Establish Project Goals
  • Identify Project Objectives
  • Develop High-level Work Breakdown Structure (WBS)
  • Identify High-level Time-Line, Methods and Procedures, Required Control Charts, and Required Stakeholders
  • Establish Project Strategy

Group exercise on Project Goals and Objectives

5.0 Estimate Schedule, Resources and Cost

  • Estimating Schedule
  • Tips on Putting Together a Project Schedule, Definitions, and Activity Relationships
  • Estimating Resource
  • Identify Team Members Required, Recruitment Practices, Personnel Training, and Labor Relations
  • Estimating Costs
  • Economic Analysis, Profitability Analysis, financing Options, Project Estimating, and Design Review Costs

Group exercise on estimating

6.0 Identify Quality Requirements

  • Learn why knowing the Quality Requirements are important to making the Go Decision

    Group exercise Identify Quality Requirements

7.0 Identify Risk

  • Gather Data on Possible Risks
  • Identify Possible Risk and Project Risk Level
  • Develop Risk Response Strategy

Group exercise on Risk

8.0 Get Portfolio Approval

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