In order to state deliverables for a project, it is necessary to identify and specify the key characteristics for each of the deliverables. These characteristics are Milestones, CPD (Cost Per Deliverable), Budget, Activities Required, and Requirements. In this article we will talk about the project deliverables statement and also what deliverables mean.
Stating cost projection is an activity carried out during the project initiation phase to identify costs for development, implementation and maintenance of the project. The analysis of costs is a tool of project cost planning and management to identify, estimate and describe total cost of project management initiative. Cost projection statement and analysis are required activities that allow making the project estimated and well-grounded in financial terms. Among other tools, cost projection estimates and spreadsheets are used to develop the project charter. They are developed with help of project costing software.
A Project Goal Statement is a clear picture view of what is to be accomplished by the project. It is a formal document to be created at the Initiation Phases showing the project context, including the project purpose, the quality focus, and the viewpoint. The project goal statement document should clearly and unambiguously point at the benefits that the sponsoring organization will gain in case the project will be successfully completed.
A Project Vision Statement is an idealistic view of the desired outcomes to be produced for the business after successful project completion. It is a vivid description of what the business will be like to inspire the project beneficiaries to initiate the project. The vision statement document is an attempt to visualize the project results at the initiation phase in order to focus the business on those benefits it will gain after the project accomplishment.
Writing a statement of work (SOW) is an arduous task, and many projects were failed because of too vague, broad or generic SOW. The failure to properly develop and execute a statement of work is also the reason why project parties end up in a dispute. Let’s try to understand what SOW means and how to develop it properly.