Introduction to Project Management
As the supply chain is complex, employees will need to develop skills in project management. This will ensure that projects can be completed efficiently and to set deadlines.
Developing a business case
A business case is used in a project to convince the key decision makers why a specific course of action is the best.
The components of a good business case will include an explanation of the project and potential ways to solve the problem, which will allow the decision makers to decide on a solution to take. A business case can allow for time scales to be assessed and managed on the whole project.
Project Time Planning
Estimating timeframes is an important aspect of project management, especially when managing complex supply chains. Employees will need to create accurate assessments for the following reasons:
- Time planning will help define the deadlines for delivery of parts of the project.
- Time planning will help define the pricing of components, contracts and ultimately define the profits of the project.
Project stakeholders are the people within a group or organisation who may be affected by the decisions or activities undertaken by a project.
Stakeholders therefore can be employees from all levels of the organisation, the end users of the product and/or independent contractors.
Risk management is a process used to identify potential risks and then analyse to create a response to these potential risks that may occur throughout the life of a project. Where risk management is correctly implemented responses to risks will be proactive rather than passive. Risk management will help to reduce potential issues from arising.
Project controls are processes that organisations use to forecast and understand the outcomes of a project. The information is gathered through several methods and is used to positively influence the timing and costs of the project.
In essence project controls are the resources, processes and tools used by the organisation to reduce risks to projects throughout all stages.