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Corporate planning can be defined as the process of coming up with long term business goals and objectives and how they will be achieved in a business. Corporate planning is a systematic approach to clarifying corporate objectives, strategic decision making and checking progress toward objectives. Project management is the process of creating and maintaining a plan. It involves the creation and maintenance of a plan; that is, it combines forecasting of developments with the preparation of scenarios of how to react to them.
Corporate planning can be defined as the process of coming up with long term business goals and objectives and how they will be achieved in a business. Corporate planning is a systematic approach to clarifying corporate objectives, strategic decision making and checking progress toward objectives. Project management is the process of creating and maintaining a plan. It involves the creation and maintenance of a plan; that is, it combines forecasting of developments with the preparation of scenarios of how to react to them.
Corporate planning can be defined as the process of coming up with long term business goals and objectives and how they will be achieved in a business. Corporate planning is a systematic approach to clarifying corporate objectives, strategic decision making and checking progress toward objectives. Project management is the process of creating and maintaining a plan. It involves the creation and maintenance of a plan; that is, it combines forecasting of developments with the preparation of scenarios of how to react to them.
organizing the activities required to achieve a desired goal. Planning involves the creation and maintenance of a plan. As such, planning is a fundamental property of intelligent behavior. This thought process is essential to the creation and refinement of a plan, or integration of it with other plans; that is, it combines forecasting of developments with the preparation of scenarios of how to react to them. Problem How the corporate planning involve in project management? How importance of project management in planning a project? How the project management cycle works out? What are the advantages of project management? Why is that the Project Manager is a complex role in planning?
Definition of Terms Plan a total, comprehensive, long-range effort to attain a set of goals by deciding upon one or mix of alternative strategies. ( 10-25 yrs.)
Program an immediate activity which breaks down the strategic decision in a plan into different components or projects. ( 5 10 yrs. )
Project a specific and complex effort made up of interrelated task performed by various functional units, with well-defined objectives, schedule, and budget. ( 1- 3yrs. )
Task a short-term effort performed by one functional unit, which when combined with other tasks, make up a project. ( 6 12 mos. ) A Project What is a project ?
Defined start and end, specific scope, cost and duration
A temporary endeavor undertaken to create a unique product, service or result
A series of activities aimed at bringing about clearly specified objectives within a defined time period and with a defined budget
A Project Unique process Coordinated and controlled activities Start and finish dates To achieve an objective Specific requirements Constraints of time, cost and resources
PART I The Context to Project Management: Understanding Corporate Planning Integration of the Corporate Planning Corporate planning can be defined as the process of coming up with long term business goals and objectives and how they will be achieved in a business.
Corporate planning is a systematic approach to clarifying corporate objectives, strategic decision making and checking progress toward objectives.
Corporate planning is the context of project management; its proper understanding will make interlocking relationships clearer when we focus on projects. There are concrete and functional differences between the concepts of project, program and plan. These three can be processes at given period of time. For example, as a process, you can: Plan a plan Program a plan Projecticize a program The planning process is a continuous and never ending process. The results of planning such as in the form of a plan, a program or a project are interim and tentative in the sense that these results always require constant updating and change. The assumptions used in the planning process inevitably undergo revisions and trigger a chain reaction throughout the stages or sequences of a plan. The Concept of Corporate Planning 1. Strategic or long-range planning. This made by top management and senior divisional heads. The process involves the definition of a corporate mission or a desired future state from among a number of alternatives, and the making of choices among these alternatives.
2. Tactical or Developmental planning. This is made by operating management. It is intermediate in terms of scope and consists of programs. Thus tactical planning elaborates the strategic decisions made by top management into programs and projects.
3. Annual Operating planning. This is made by all functional units within the strategic policies and guidelines mandated by top management. A budgetary process specifies the activities required of each unit resulting in the next calendar year allocation of financial resources. CORPORATE PLANNING PROCESS Strategic Planning Corporate Plan Planning for Long-range Futures Tactical Planning Development Programs Control of Current Operation Operational Planning Annual Plan and Project Management Implementation of Plans, Routine and Special PART II Project Management Overview of the Project Management In todays business environment, two factors have become common: change and complexity. The nature of business has incorporated these factors into our everyday lives. We work in an environment of constant change and increasing complexity, and must be competitive, productive, customer-focused, and profitable. Characteristics of Projects A project has boundaries, so its extent is defined. A project is a one-time effort, usually requiring finite resources. There are distinct start and end dates for projects. You know when you have reached the end of the project. Project management is the process and activity of planning, organizing, motivating, and controlling resources, procedures and protocols to achieve specific goals in scientific or daily problems. Role of the Project Manager The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives. Project Success
Project Failure Concept of Project Management 1. The Single point of integrative management Each project has a single point of integrative responsibility: the Project Manager. Complex projects must be broken down into can-do task. Such task are performed by members of contributing specialized functional department or organization. If there is no specific Project manager, The highest level General Manager will perform the task.
2. Integrative planning and control The project manager may or may not personally perform the planning and control work. However, he must always be involved in the overall planning and must give direction to those who perform the detail work. He must understand and utilize the tools and the results to maintain the control of the project. 3. Multi-disciplinary skills and time bounded The complexity of the projects demand a multitude of functional specialists ranging from the engineer, certified public accountant, to a marketing practitioner, lawyer and procurement officer, etc. depending on the project. Team-work is critical as projects are time bounded. They are managed by teams on a temporary basis, with starting and ending phases. Characteristics of Project 1. Project are non-traditional, innovative processes for development. The project manager works out independently from the normal chain of command of the organization. He uses the functional departments or divisions but welds them together in united action for given targets. He thus negotiates with the functional department directly, cutting across staff and line heirarchies common in the classical organization.
2. Projects are complex efforts A project produces specific results during a fixed schedule within an established budget. It cuts across organizational lines. It is unique endeavor, not completely repetitious of any previous efforts. 3. A Project is the process of creating a specific result A project is the entire process needed to produce a new product, new plant, new system, or other defined results. Both product that is the result and the process comprise the project.
4. A project has life cycle The project life cycle has an identifiable start and end points which can be related to time scale. A project passes through several distinct phases as it matures. The life cycle includes all phases from point of inception to final termination and evaluation.
5. Projects need multi-disciplinary skills A project is a complete operation by itself where the project manager acts like a general manager, pooling various skills together in a united assault to achieve specific objectives within a budget and timetable. This skills will vary according to the nature of the project. Advantages of Project Management 1. The advantages of using project management Project commitments are made only to achievable technical, cost and schedule goals Every project is planned, scheduled and controlled so commitments are in fact achieved. 2. The advantage of appointing a Project Manager Accountability is placed on one person for overall results of the project Assurance that decisions are made on the basis of overall good of project Coordination of all functional contributors Proper utilization of integrated planning and control methods and the information they produce 3. The advantages of integrated planning and control of all projects Assurance that the activities of each functional area are being planned and carried out to meet the overall needs of project. Assurance that the effects of favoring one project over another are known, such as in resource allocation Early identification of problems that may jeopardize the success of the project Project Management Cycle Stage I Project Selection and Development Conceiving/identifying alternative project ideas Selecting projects idea through concept paper or feasibility study Detailed project feasibility study Approved by top management Stage II Project Implementation Activation through choice of project manager, staff and functional facilities Design of project organization Detailed work plans Coordinating, communicating, monitoring, controlling Use of problem-solving and decision-making skills Stage III Project Termination and Evaluation Phasing out or close-out of project Evaluation
Stage IV Project Recycling Diffusion of lessons or outputs through case reports, pilot-extension, etc. Replanning of project if it is to be duplicated elsewhere if institutionalized in parent organization
Project Management Cycle Stage I Project Selection and Development Conceiving/identifying alternative project ideas Selecting projects idea through concept paper or feasibility study Detailed project feasibility study Approved by top management Stage II Project Implementation Activation through choice of project manager, staff and functional facilities Design of project organization Detailed work plans Coordinating, communicating, monitoring, controlling Use of problem-solving and decision-making skills
Stage III Project Termination and Evaluation Phasing out or close-out of project Evaluation
Stage IV Project Recycling Diffusion of lessons or outputs through case reports, pilot-extension, etc. Replanning of project if it is to be duplicated elsewhere if institutionalized in parent organization
Project Management Process Management Mistakes Many Filipino school principals and university presidents especially from family-owned, religious-affiliated institutions demonstrate a number of management mistakes also common with state university officials: Short attention span the executive pays attention just for short while. Then turns around and forgets about it completely. Too much politics. Wrong Emphasis such as the politicians smile, not the genuine attitude, and Filipinos are quick to spot the hypocrite and the actor from genuine article. Rigor mortis if there are too many procedures, too many rules, too much control, too much fear of mistakes, then the faculty and staff will not move or do anything and things just float along. Conclusion Corporate planning is total planning. It is a formal and systematic process to ensure that long-range, intermediate and annual planning is carried out regularly within the organization. Programs amnd projects that evolve out of these processes just have logical and contributory linkages to the goals and objectives of the corporate plan. In this way, top management in collaboration with the senior and functional managers can direct and control the future of the organization as a whole organic system. Recommendation A very useful way of understanding project management in operations is to examine its cycle. The cycle consists of the identifiable start and end points pegged to a time scale or schedule of a project. It consist of a number of operational sequences which in reality are not clearly definable as black and white. A lot of areas slide into each cycle they pass from phase to phase. Thus a project has a beginning and an end.