planning your project and 20% of your time writing and packaging the grant application. project planning and scheduling techniques to manage and help to ensure project success. Since the organization will rely on various stakeholders prior to developing a project plan (where roles and responsibilities are typically defined), it is important to understand the roles and responsibilities early in the process. Although this is the most important type of communication of all, there is usually nothing specific that can be entered into the project management plan. donors and consultants) are clear about their respective roles and when the project owner, the cooperation partner, assumes the main responsibility for the planning, implementation and follow-up of the project. plan, the plan should be updated on an annual basis. If you are planning a project, then you should be familiar with Murphy’s Law, “If anything can go wrong it will” Projects are frequently impacted by risks, assumptions about resource usage, or plain old surprises. Poor results are often not a result of faulty healthcare IT or poor project management or poor project execution alone. Why Is It so Important?. As an example this diagram shows what can happen. The project plan also prepares teams for the obstacles they might encounter over the course of the project, and helps them understand the cost, scope and timeframe of the. Given the importance of planning and managing the technical aspects of the project, an effective systems engineer will need to have a strong foundation in management skills and prior. communication skills. You may also need to plan your communications and procurement activities, as well as contract any 3rd party suppliers. The Project Initiation Document (PID) – or the Definition Document – is one of the most important artifacts in project management because it provides a foundation for the project. Now the expected value of the total project duration is the sum of the expected activity durations along the critical path, which is found in the usual way. , local governments are beginning to include goals and objectives that promote public health into their comprehensive plans. It will give you more clarity about your business and can be used to attract investors, apply for a loan or grant. While the actual writing process is better done in a text document, mind maps are a fantastic format for outlining the chapters and contents of your project plan. ) and provide a plan which project team can refer during execution. Managers adopt planning tools to set and reach short-term and long-term goals that ultimately help their organizations survive and thrive in the marketplace. The Project Management Plan is developed through a series of iterative processes until project closure. Some of the most widely used tools for project monitoring, and their limitations include the following: Verbal communication. An ideal situation when planning a project is when the owner of the project (the cooperation partner) and the development partners (e. If a team decides to enlarge the scope of a project, the time will become larger as well, along with the cost. Planning the schedule; Making supporting plans; Supporting plans may include those related to: human resources, communication methods, and risk management. You become a Test Manager of the most important project in your company. Time constraints require project managers to schedule resources effectively. The GIS implementation process 2. The Project Life Cycle (Phases) The project manager and project team have one shared goal: to carry out the work of the project for the purpose of meeting the project’s objectives. The BA develops requirements planning to fit within the project manager's overall project planning. One of the main reasons projects fail is because the deliverables were not what the customer wanted or they did not meet the customer's needs. Monitoring and Controlling is one activity that is common to all the phases. For a better overview of projects, GANTT and Burn Down Charts are good options. planning your project and 20% of your time writing and packaging the grant application. Setting a plan for where to spend the money, and budgeting for all the work takes both attention to detail and a complete scope of the project. Project planning: The components of the project plan help people involved with the project understand the purpose of the project and their roles in completing it successfully. Common risks include unrealistic time. The project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure. Management consultants are regularly involved in supporting clients through periods of complex change and consequently clarity on the basic definitions of a project and a program, and the difference between a project and a program are important. Project Team Roles and Responsibilities Creating an interdisciplinary team with the right mix of skills is vital to the smooth and successful execution of any project. A project is “a temporary endeavor undertaken to create a unique product, service, or. Ineffective stakeholder management can result in dissatisfaction with the final product and negative impacts on the projects budget and schedule. Paul's new product, The Personal Productivity Toolkit helps you manage your time and get more done. The traditional planning model is designed to support planning for a project based on the Formal Project management process template, which comprises a set of sequential phases (Requirements, Design, Implementation. Guided by a deep appreciation for the power of place and the importance of personal choice. Use your project phases as well as your overall project plan to help you identify risk factors. Yet many businesses fail to carry out any form of estimation or place very little importance on the benefits it provides to the business, its individuals, its project managers, its. In some instances where project managers deliver ineffective projects, it is often a result of poor implementation in the project environment. Different projects benefit from different methodologies. The WBS, or the Work Breakdown Structure, is essential as part of a project's lifecycle and timeline. This is usually an iterative process: the development of each element influences the others. The success of the. They are commonly used to communicate project purpose, direction, value and progress. They mark significant starts and completions with a single date as opposed to a date range. According to the World Bank (2000), “the Logical Framework has the power to communicate the essential elements of a complex project clearly and succinctly throughout the project cycle. Some long plans may communicate very little, while some very short plans concisely communicate the essence of the venture. When scheduling it is important to plan a weekly schedule as well as a daily schedule. Project planning is an important part in the project management and has a stronger impact on project success. Stakeholders can then choose the best. Online Reference Guide To Project Management Project management is the process of making sure that your company completes tasks on time and on budget. The Importance of Project Planning. It is the third phase in the project life cycle and follows completion of the planning phase. If you choose the wrong project, this may goes to loss instead of giving business benefits. Decision makers genuinely want to hear your ideas and feedback. The project budget is a financial plan for all project expenditures (cost). The project schedule sets out all the tasks, who is going to do them and when they are going to be done. Even positive experiences might necessitate some professional help. They often view a risk as a negative event that can adversely affect the project but that may not necessarily occur and should therefore not use the project’s resources. In an organisation there can be various derivative plans like planning for buying equipment, buying raw materials, recruiting and training personal, developing new product etc. (3) Ex-ante Evaluation Checklist. A thoroughly outlined WBS helps minimize task redundancy and makes certain the. It promotes appropriate decisions to take, including changes to the project’s objectives and methodology. a project and highlighting the logical linkages between them. Master planning to accommodate all participants' activities and needs in achieving the project goals; Identification and prioritization of project risks and development of a risk mitigation plan; Consideration and evaluation of project design and delivery and process alternatives; Identification of other factors, including. A good gender analysis is undertaken within the context of a broader social analysis. It is imperative for a project manager to gather important information about project requirement to accomplish the project goals before going to the planning stage. This is usually an iterative process: the development of each element influences the others. The other main grouping of resources we need includes capital, facilities, equipment, material and information. If the project idea is adopted by the important stakeholders, the project manager creates the project charter. Many persons downplay the importance of risk management on projects often to the detriment of the project's success. It became clear to all the importance of identifying assumptions during the planning stage so as to safeguard the project. Risk management also details the usefulness of a project plan. Project Management has emerged as a discipline of high level decision making with the help of analogue and digital tools which would help augment the intuition of a Project Manager and his team for taking decisions in favour of the future of the project. Introduction. It is the raison d'être of the project manager. in section 3. It is at the heart of project benefit viability. The importance of a feasibility study is based on organizational desire to "get it right" before committing resources, time, or budget. Integrated project management (IPM) is a ubiquitous term in project management literature. Strategic Alignment. Research Project Topic Samples 2011cv Research Project Topic Samples. It also illustrates the importance of considering M&E at all stages in the cycle. Quality Control. Project planning is a procedural step in project management, where required documentation is created to ensure successful project completion. So, if you find yourself in a new project management role don't spend all your time trying to get to grips with the processes. The importance of communication in project management can't be stressed enough. The Logical Framework Approach (LFA) is an analytical process and set of tools used to support project planning and management. It informs further project breakdown at increased levels of detail, reporting and budgeting requirements. My company uses project management software which offers different project views. Successful project execution first begins with planning the process of execution. Project design is an early phase of the project where a project's key features, structure, criteria for success, and major deliverables are all planned out. Project activities planning and scheduling is the first process group of project time management. Project management is helpful in achieving these objectives by organizing, planning, monitoring, controlling, and correcting the project activities. "Operations keeps the lights on, strategy provides a light at the end of the tunnel, but project management is the train engine that moves the organization forward. Strategy without projects is just another document collecting dust. Success of a Project Good / Careful Planning Parties involved stick to their commitments Fair allocation of costs & benefits between men & women Fair representation of different interests through participation Success of a Project Efficient project management Competent & Motivated project team Project addresses the real problems of the target. And here's why: The Importance of Project Management. The next task is to collect historical data related to similar past projects. The fundamentals of managing a project from start to finish require a team of individuals with different talents and skills. Perform project closeout. the project’s end result, do not fully understand the nature of the project plan. And it's worth doing it properly because if you don't, we guarantee that you will hit problems later on as people won't understand what they are supposed to do and why. The Plan Phase builds on information captured in the Initiate Phase and is traditionally considered the most important. PROJECT SMART is the project management resource that helps managers at all levels improve their performance. It shows what phases are already in the past, what is in the progress now and what is supposed to be finished in future. This is a first, very important step of all projects. It is very important for project managers to develop skills to build an accurate timeline. Better time management. When you and your team take on a project, one of the goals is to bring it in without exceeding your budget. While the actual writing process is better done in a text document, mind maps are a fantastic format for outlining the chapters and contents of your project plan. Building a milestone in a project management, makes things exciting and adventurous for all the people. Community development programme plays a very important role in rural reconstruction. Evaluation is important to assess the worth or merit of a project and to identify areas for improvement. Importance of Project Controls : The successful performance of a project depends on appropriate planning. Plan cost management is the process of establishing policies, procedures, and documentation for planning, managing, expanding and controlling project costs. Learning this after the final product is delivered would be a huge problem. on lessons learned during project Optimize, a five-year partnership between the World Health Organization and PATH to help optimize the vaccine supply chain. At each point during your project, identify risks by recognizing your project’s risk factors. When leveraged properly, project managers can shift activities and resources to meet the project objectives and priorities. These budget management strategies will keep your project budget under control. During the Planning, Analysis & Design Phase of PMLC, the plan for the solution to be implemented is developed. A thorough needs assessment will contribute to programme planning, monitoring and evaluation, as well as project accountability and is a key step in the project planning life cycle. The BA develops requirements planning to fit within the project manager's overall project planning. Any reasonable project manager* certainly understands importance of planning a project well. Mind maps not only visualize your entire project plan on a single page, they also offer space for notes, links and comments. The process in this data migration planning guide will help to minimise the risks inherent in a data migration project. As an example this diagram shows what can happen. Different projects, of course, demand different means of communications. Time constraints require project managers to schedule resources effectively. The research plan is the main part of a grant application describing a principal investigator's proposed research, stating its importance and how it will be conducted. In this article, I will explore the next two phases of project management: Planning and Executing. It uses boxes or rectangles, referred to as nodes to represent activities and connects them with arrows to show the logical relationships that exist between them. A project plan is not only important for communication with your clients and contributing to customer satisfaction, it is also valuable to keep yourself organized. These include things like project updates, investor circulars, progress. Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Project Team Roles and Responsibilities Creating an interdisciplinary team with the right mix of skills is vital to the smooth and successful execution of any project. Once your project's been given the go-ahead, it's time to stamp out the scope, schedule, and cost of a project. Consider the project plan as a contract between you (the Project Manager), the stakeholders, and the team members. The project budget is a financial plan for all project expenditures (cost). The selection and. The project schedule sets out all the tasks, who is going to do them and when they are going to be done. Collaboration - Email is no longer the only form of communication. There are nine major knowledge areas in the field of project management. Setting a plan for where to spend the money, and budgeting for all the work takes both attention to detail and a complete scope of the project. It is a weighty term; the IPM approach impacts much of what we think of when we think of project management. However, considering these documents alone as a project plan is inaccurate. Given the importance of planning and managing the technical aspects of the project, an effective systems engineer will need to have a strong foundation in management skills and prior. Purpose of Monitoring: Monitoring is very important in project planning and implementation. It gives you repeatable processes, guidelines and techniques to help you manage the people and the work involved in your projects. Introduction. Once that is done, you often move on to preparing the detailed list of activities and incorporate them into your project plan. Risk Management. Project management objectives and goals. 10 Project Pre-Planning Ideas That Work During a typical construction day, more than 35% of a contractor's time is spent on activities other than actual installation work. The importance of planning has increased all the more in view of the increasing size of organisations and their complexities. The primary challenge of project management is to achieve all of the project goals within the given constraints. Identify a capital project by its functional needs or opportunities. Team members may be able to cover multiple roles or there may be a sub-team focused on a particular area. Enterprises can efficiently assess all aspects of costs associated with a project within minutes. Continuous Oversight. Project Management activities include project initiation, project planning and coordination, project control, project reporting and communication. Of course, a project manager’s time is valuable too, and since many have other technical duties to attend to, it is important to arrive at the correct amount of risk planning. Used properly, the organization will grow; used improperly, it will sink. The traditional solution is to add safety time or buffers to tasks to allow for schedule slippage and unplanned events. In today’s global economic setting, with more projects and dwindling budgets, Project Managers are required to do more with the few resources they have on hand. When procurement practitioners outline their procurement activities prior to the beginning of a fiscal year, this process provides an organized means whereby time and money are saved. Introduction. Project/programme monitoring and evaluation guide Why is M&E important? A well-functioning M&E system is a critical part of good project/programme management and accountability. Preparation and Planning Phase Your centre's full project team should be assigned prior to the start of this phase. The importance of planning cannot be over emphasized for an organization or even for an individual. Projects that are most important to the organization often. Used properly, the organization will grow; used improperly, it will sink. development of the project at national or transnational levels in year 1. Following are the main importance of community development project. It provides a firm foundation for GIS. In the phases of the project management life cycle, you come up with the idea for a project, define its goals, plan for its execution, and guide it to completion. CPM allows for effective prioritisation of such tasks and activities. It is important during the Planning, Analysis & Design phase to ensure the initial security checklist and review is completed successfully. improved decision making. Train project managers in systematic project management 5. The principal function of this is to determine if the project will continue or not. Timely and reliable M&E provides informa-tion to: ÔÔÔSupport project/programme implementation with accurate, evidence-. “Project plan” is one of the most misunderstood terms in project management. I realized the importance of a good graphical presentation when I started working as a project manager. The scheduling process provides the contractor with a more thorough and structured planning process while they are reviewing the plans and figuring out the sequence for building the project. “A project without a critical path is like a ship without a rudder. It also illustrates the importance of considering M&E at all stages in the cycle. Showing the project’s tasks alongside the critical milestones of the plan makes it easier for audiences to connect your project activities with important events. Project planning is at the heart of the project life cycle, and tells everyone involved where you're going and how you. Important Assumptions CAS Goal: (Goal to Super Goal) Higher objective to which this project, along with others, will contribute. In the same breath as how strategic planning enhances communication among all project staff, strategic planning also project resources to be managed more effectively. Planning A Good Research Project If your postgraduate program is at masters level then you will not need to think about the project in detail until you are part way through the program, although it is never too early to start to have some initial ideas – but you probably do not need to worry about your choice until the Christmas vacation. he main objectives of this Project Management Handbook (PMH) are to raise understanding regarding project management and provide an adaptable guidance for project implementation from the management perspective. There are four main steps to developing an evaluation plan: Clarifying program objectives and goals; Developing evaluation questions; Developing evaluation methods; Setting up a timeline for evaluation activities; Clarifying program objectives and goals. It is the “oil” that lubricates the project movement in the attainment of the stated objectives. How companies. Success in project budget management depends on, amongst other things, the creation of a comprehensive, consistent, and reliable project budget. Plan Quality involves identifying the quality requirements for both the project and the product and documenting how the project can show it is meeting the quality requirements. You wouldn’t start a project without a plan in place, and so a communications plan is equally important, as it defines how you’re going to get the critical project information out to the people who need it, clearly and in a timely manner. * Note that some groups will not complete an action plan with every step they will do, but will identify major goals and then make a detailed plan when they get to them. The act of assigning resources to your project is called resource planning or resource management. Project time management includes two high-level groups of processes for planning and scheduling project activities and tasks necessary for timely completion of the project. “Operations keeps the lights on, strategy provides a light at the end of the tunnel, but project management is the train engine that moves the organization forward. important in the early stages of a project. Community development programme plays a very important role in rural reconstruction. The importance of communication in project management can't be stressed enough. Project plan is a misunderstood concept, typically confused with the project design. Building a milestone in a project management, makes things exciting and adventurous for all the people. A sound project plan can mean the difference between success or failure. However, considering these documents alone as a project plan is inaccurate. As time plays an important role in the life of a project, therefore a Gantt chart software helps project members to understand the severity of time delays while managing projects. The project design approach is based on the widely accepted planning methods known as project cycle management (PCM). One important thing to remember is that project controls is not limited to controlling and monitoring during the project execution phase. The earlier change management is launched, the more effective the sequencing, aligning and exchanging of information will be. The fundamentals of managing a project from start to finish require a team of individuals with different talents and skills. in section 3. Each stage has different activities associated with it. Here, the core and work teams identify the necessary work to be completed to achieve the project scope and develop estimates and assessments for. Project Management is primarily concerned with planning and coordinating the resources to deploy a major Release within the predicted cost, time and quality estimates. Many people think of evaluation as taking a snapshot of outcomes at the end of a program to prove to a funder that it worked or failed. The significance of effective project planning, resource allocation, and time tracking for organizations. Planning in any job role, in any industry, is crucial in order to achieve organisational and team goals. Tools differ across type, use and usefulness. Advantages and Benefits of Project Management Software Some time ago project management was represented by three things: a pencil, a piece of paper and a methodology. It is important to differentiate the tools and documents of project planning and management from the products or services derived from the work of the project team. “A project without a critical path is like a ship without a rudder. This might include, for example: an activity club for young people; a sports-oriented club; an advice and information centre; or a community project group. The risk identification process would have highlighted risks that may be considered by project management to be more significant and selected for further analysis [34]. The importance of project implementation is that you will be able to realize your objectives. The significance of effective project planning, resource allocation, and time tracking for organizations. Some long plans may communicate very little, while some very short plans concisely communicate the essence of the venture. The project schedule sets out all the tasks, who is going to do them and when they are going to be done. Carefully planned project takes into account necessary aspects of a project (e. In other words, it is the safety net of each project and involves the following processes: Identifying key risks likely to affect the project and documenting the characteristics of each. the project's end result, do not fully understand the nature of the project plan. My company uses project management software which offers different project views. A Project Management Life Cycle basically comprises of the stage or phases that a project typically goes through. Risk management is an action plan that consists of various steps which are done to ensure the removal of risk. The science is what gets the most attention, things like estimating, scheduling, writing contracts, and tracking costs. Project execution is the phase in which the plan designed in the prior phases Activities. Be clear at the outset about what your task is going to be on the project and how much leeway is available. Initiation is the first step in the project management process, and it is the. Related posts: Project Risk Management 101 Guide to the Risk Management Process Risk Planning Basics The Risk Management Process. CPM is an example of project management planning and control techniques that improves a project’s running. So, the question of project success factors is not so clear after all and needs a lot of thought and research. ) and provide a plan which project team can refer during execution. Project reviews use success measures to review project performance with hard measures, soft measures and benefits realization skip to main content skip to main menu skip to sub menu People, process and software working together for enhanced business results. In the phases of the project management life cycle, you come up with the idea for a project, define its goals, plan for its execution, and guide it to completion. An example from a roadway rehabilitation project in Pittsburgh, PA can serve to illustrate the importance of good construction planning and the effect of technology choice. Amongst all these terms, you may have heard about the waterfall project management methodology, even if you've never used it. Projects without strategic importance quickly lose their appeal. If the time constraint is tighter, the scope may be reduced, but the costs will remain high. Risk management also details the usefulness of a project plan. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt. Project management: 5 tips for managing your project budget Budget overruns are a project manager’s nightmare. Many automated project management tools help create schedules by keeping track of activities, resources, durations, sequencing, and constraints. Question: What is Project Management? Answer: Project Management is the collection and application of skills, knowledge, processes, and activities to meet a specific objective that may take the form of a product or service. Planning a direction for your project or business involves creating a roadmap. Risk Management Planning, is one of the most important components of a project plan and decides the approach and plan for risk management in a project. Research Project Topic Samples 2011cv Research Project Topic Samples. Why Planning is Important? Now let's understand why planning is important for organization: Increases efficiency: Planning makes optimum utilization of all available resources. • To demonstrate how project elements can be clearly specified and risks assessed and reduced. Of course, it depends on a project. Why Applied Anthropology According to Stuart Plattner (1989:2), ―anthropology is the cover term for the subdisciplines of archeology, physical anthropology, cultural anthropology, and. Stakeholder Roles and Responsibilities. Decomposing these work packages gives a greater level of confidence for your project plan and has a slew of benefits in the long run: project buy-in, less chance of budget overruns and scope creep, and more control over your project, just to name a few. The project schedule sets out all the tasks, who is going to do them and when they are going to be done. Ethical Principles in Planning (As Adopted by the APA Board, May 1992) This statement is a guide to ethical conduct for all who participate in the process of planning as advisors, advocates, and decision makers. development of the project at national or transnational levels in year 1. Project Management. Advantages and Benefits of Project Management Software Some time ago project management was represented by three things: a pencil, a piece of paper and a methodology. Here the user is required to think through a project logically and with sufficient detail to establish firm, clear project objectives, activities, and specifications. It became clear to all the importance of identifying assumptions during the planning stage so as to safeguard the project. It gives you repeatable processes, guidelines and techniques to help you manage the people and the work involved in your projects. Strategic Planning is, an acknowledged essential discipline, a vital, systematic and ongoing process that enables organisations to plan the use and application of their resources, skills, and knowledge in order to achieve their organisational missions, goals and objectives in environments of ongoing change. The project task is to test the net banking facility of the esteemed “Guru99 Bank” Test Management Process: A Complete Guide for Testing Project. An important part of project planning, the WBS begins with a hierarchy of tasks and levels that help to identify how the project will flow within a designed timeline set by the project manager. Project planning is an important part in the project management and has a stronger impact on project success. The Logical Framework Approach (LFA) is an analytical process and set of tools used to support project planning and management. It is the “oil” that lubricates the project movement in the attainment of the stated objectives. The WBS, or the Work Breakdown Structure, is essential as part of a project's lifecycle and timeline. The problem analysis is of major importance with regard to project planning, since it strongly influences the design of a possible intervention(s). This is usually done by drawing up a project plan, scope or charter, then calculating a budget, the resources needed, and a schedule. According to the World Bank (2000), “the Logical Framework has the power to communicate the essential elements of a complex project clearly and succinctly throughout the project cycle. It provides clear, concise and systematic information about a project through a framework. These could have been prevented if there had been proper planning at the start of the project. Constructing a payoff matrix, for example, helps a manager assess the expected value of different alternatives. Good Practice: A Project Definition document should be prepared early in the project and formally signed off by the Steering Committee. The first step in planning, design, and layout is to develop a set of construction plans including a comprehensive site plan. It is needed at every level of management. The main objective of the Tenth Plan is to get rid of dependence on foreign aid by increasing export trade and developing internal resources. A project management plan is the collection of outputs of the project planning processes. We at The Braintrust Consulting Group feel that too many project managers ignore the importance of proper stakeholder management. Reducing resource misallocation. Readers are encouraged to reference, A Guide to the Project Management Body of Knowledge (4th ed. Six Sigma’s DFSS brings a rich toolset to address these issues, including Kano classification, needs/context distinction, KJ analysis, and other language processing tools that help to. However, command and control are just as important as leadership and management if we return to their true meaning. They are commonly used to communicate project purpose, direction, value and progress. Planning provides a way to develop a framework for project execution, monitoring, and control. Organization. Be Prepared … Be Ready, Willing and Able. The point is to develop one or more designs which can be used to achieve the desired project goals. The different types of Project Management Life Cycle are, 1. Evaluation Help. 7+ Scope Statement Examples & Samples in PDF These days, it is very important for the project managers to track the progress of the project plan so that they will know what areas needed to improve. In this introduction, I will explain the importance of applying anthropology in this project and define the theory I used as part of my approach. You will likely begin considering your DNP project as soon as you enter your doctoral program and work toward its completion throughout your entire time in school. The process in this data migration planning guide will help to minimise the risks inherent in a data migration project. They often view a risk as a negative event that can adversely affect the project but that may not necessarily occur and should therefore not use the project’s resources. within budget. They are visualized with a diamond shape. Improving communication maximizes success and minimizes risk. Developing a project plan is as important as properly designing code: On the basis of a project plan. They often view a risk as a negative event that can adversely affect the project but that may not necessarily occur and should therefore not use the project's resources. Planning is a noble but underappreciated profession. It also tracks dependencies between tasks. Although there are some standard items you’ll include in your plan, such as Project Kick Off, Review, Status, and Team Meetings, it’s important to spend time gathering input from all stakeholder groups to ensure the plan is comprehensive. So, What Is Slack or Float? Read More. Some of the most widely used tools for project monitoring, and their limitations include the following: Verbal communication. The presence of metrics are important, and not only for formulation of backlog elements; they also allow the project manager to assess the size of the goal element. You become a Test Manager of the most important project in your company. While project preparation is the process that converts a project idea into a formal plan, the overall objective of appraising a project is for the. There are nine major knowledge areas in the field of project management. Frankly, most people say 'project plan' when they mean 'project schedule'. Resource allocation depends on the level of expertise team members have. What's more, project planning is a great ways to bring the project team together. Time constraints require project managers to schedule resources effectively. There will be several project resources in a project and several different types of materials will be needed, there might be necessary tool and equipment as well.