Project Planning

Meaning & Objectives of Project Planning

The Process of Planning
Component of a Good Plan
Project Life Cycle Planning
Informational Inputs for Project Planning
Reasons for Project Failure

Amit Singla: Faculty Finance, INC

Panipat

Meaning & Objectives of Project

Planning
Without

a proper plan, the work proceeds

in a haphazard manner.
Understanding and visualizing the project.
Unplanned execution results in changing
the deadlines and budgets frequently.

Amit Singla: Faculty Finance, INC

Panipat

Benefits from Planning

Helps

in understanding the objective

better.
Improves the efficiency.
Reduces uncertainty.
Forms a goods basis for monitoring &
control.

Amit Singla: Faculty Finance, INC

Panipat

The Process of Planning

Definition

of the objectives. (Clear,

Quantifiable)
Delineation of tasks.
Identification of participating department.
Identification of resource requirements.
Installation of MIS.( SOW, Project
Specification, milestone schedule, WBS.)
Amit Singla: Faculty Finance, INC
Panipat

Component of a Good Plan

Objectives
Program
Schedule
Budget
Forecasts
Organization structure
Policies
Procedures
standards
Amit Singla: Faculty Finance, INC
Panipat

Project Life Cycle Planning

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

According to Assad and Pelser, PLC has 12 Phases:

Concept
Feasibility study
Concept revision
Project definition
Tenders
Final design
Contracts
Physical execution
Product test
Final & integrating test
Project review
Production maintenance
Amit Singla: Faculty Finance, INC
Panipat

Informational Inputs for Project

Planning
Statement

of work
Project specification
Milestone schedule
Work breakdown structure

Amit Singla: Faculty Finance, INC

Panipat

Reasons for Project Failure

Lack of understanding of objectives by planners.

Attempt to achieve too much thru a single
project.
Non-availability of required data.
Loopholes in estimates.
Failure to ensure that adequate manpower of
the required quality is available.
Frequent change of personnel.
Inaccurate financial projections.
Amit Singla: Faculty Finance, INC
Panipat

Thank You

Amit Singla: Faculty Finance, INC

Panipat