Author: Eric Morkovich

Boundaries, Deliverables and Requirements as Key Components of Project Scope

Development of project scope involves identification of the three key components, including deliverables, boundaries and requirements.
Project Deliverables: Definition and Examples

Project deliverables definition: A deliverable is a tangible, measurable and auditable output which is expected to be gained or produced to accomplish a project or its part. Defining project deliverables means going a long way toward setting the overall project scope.

Project deliverables examples:

1. An organization is going to train its employees to improve their skills and increase their productivity. The project for employee training will be considered as delivered when employees step through all the stages of the employee training project and show better productivity, so the project deliverables will be: 1) well-trained employees; 2) improved skills; 3) increased productivity characteristics.
2. Implementation of a new billing system in Finance Department can be considered a project. The project deliverables may include: 1) copies of the system are installed on all computers of the department; and 2) all staff members know how to operate and use the new system.

Project Boundaries: Definition and Examples

Project boundaries definition: The boundaries of a project are measurable and auditable characteristics that define what belongs to the project and what doesn’t belong to it. Project boundaries are closely linked to project objectives, they create a holistic project perception, and they define the content of the project in terms of expected results. A clear project boundary statement helps direct the things that are applicable to those areas that are within the project scope.

Project boundaries examples:

1. An organization is going to sell office equipment within The United States. It signs up an agreement with a domestic distributor. This agreement can state a project for selling office equipment and its boundaries will affect USA operations only. All other locations are out of scope (that is out of the defined boundaries).
2. An IT administrator considers installing a new software system on computer workstations of both Finance and Legal departments in some organization. The boundaries of this project for installing the system extend to these two departments only. All other departments of the organization are out of scope.

Project Dashboard and MS Excel – Developing Project Dashboard in Excel Sheets

Project Dashboard and MS Excel – Developing Project Dashboard in Excel Sheets

The term “Project Dashboard” refers to a project tracking tool that provides a project manager with a graph view of the project progress, so that the project manager can see at a glance whether project characteristics are on track. Basically, sample project dashboard is a set of project charts and diagrams that help you review the current status of your project in real time. On the software market there are special project dashboard software products that allow you to build project charts and diagrams as well as project dashboard templates either automatically or manually. An example of project dashboard software that lets manually build project charts and diagrams is MS Excel. Today many people involved in project monitoring and control use project dashboard and MS Excel to have the best chance of success.

In this article, we tried to depict several steps to create a project dashboard view in Microsoft Excel software. You can follow the steps listed below to build project dashboard charts and diagrams in Excel sheets.

Project Cost Management – Definition, Process and Software

How to Estimate Project Costs and Prevent Overspending

What is project cost management? It is a suit of activities for estimating, allocating, and controlling costs within the project. Project cost management allows determining and approving budget for the project and controlling spending. For example, in construction project cost management it is vital to estimate cost of building materials, equipment, salary of workers. In IT project cost management it is critical to estimate cost of software development, salary of IT staff and developers. Effective project cost management allows each project to be specific and unique because that project entails costs and requires specific funding. However, no matter whether you lead a software development project (IT project cost management) or construction project (construction project cost management), you should consider project cost management as a process that consists of the three key steps.

Project Charter As Agreement Between Project Stakeholders

Project Charter As Agreement Between Project Stakeholders

Project Charter is a primary document that states contains initial requirements for a project to meet the expectations of stakeholders. Formally, Project Charter is an agreement between an organization which is committed to producing a product/service and a customer which requests and receives the product/service. Practically, Project Charter is a planning tool that helps set obligations, rights and privileges for all groups and individual involved within a project.