Synergy, wild enthusiasm, assumptions, sensitivity analysis..what a GREAT model!

  • November 27, 2009 · 5:00 PM

Please join in on another project management meetup to meet, network, gain insights, and share with others your GREAT model.

To ensure effective project team functioning, the first thing you need to know is a GREAT model. GREAT meaning: Goals; Results; Expectations / Performance; Accountabilities / Abilities; Timing.

The GREAT model specifies what people must know before they can work together effectively. It analyzes how fulfilling the business case for the project will implement the corporate strategy and sustain the competitive advantage of the company. While a business case modelling a GREAT model is the most commonly used tool for project justification, it is also often the least understood. A good business case can further be developed into the business plan with the addition of more details. It can then be converted to action steps and major milestones in order to develop a plan that will guide your venture through the entire project lifecycle, including that of the project outcome.

What has been your experience with building a successful model and business case? How is communication channeled throughout the project? To re-iterate, to be successful, a project must have:

Agreement: agreement among the project stakeholders – the team, customer, and management – on the goals of the project.

A plan: to demonstrates what is possible, shows an overall path and clear responsibilities, contains the details for estimating the people, money, time, equipment, and materials necessary to get the job done, and will be used to measure progress during the project and act as an early warning system.

Project Management: Business Synergies Approach, Constant, effective communication among everyone involved in the project in order to coordinate action, recognize and solve problems, and react to changes.

A controlled scope, or "stakeholder expectations management", to ensure that everyone involved understands exactly what can be accomplished within a given time frame and budget; a systematic method for establishing realistic goals for deliverables, cost, schedule, and quality, as well as techniques for keeping the goals consistent throughout the project.

Upper management support, "managing upward", guiding the upper managers toward timely decisions that keep the project moving – to supply people and other resources, make policy decisions, or remove organizational obstacles.

See you there,

Aufel

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