Comparison of Six Sigma and Total Quality Management
Both Six Sigma and Total Quality Management are effective tools for quality management but a thin line of difference does exist between them. Although the methodologies and procedures involved in both the two appear quite similar but there are certain major differences. Six-Sigma is a relatively newer concept than Total Quality Management but not exactly […]
How to Draw a Fishbone Diagram
Given the usefulness of the fishbone diagram, it is essential that every student of quality and six sigma know how to use it. To aid the students in learning, here is a step-by-step procedure of how a fishbone diagram must be drawn: Step 1 – List The Effect (Problem) to the Right: A fishbone diagram […]
International Businesses and Resistance to their Activities
Global Capital, Local Resistance The previous articles in this module discussed how international businesses expand into overseas markets both for selling their products as well as to extract the resources in mineral rich countries. We discussed how the international expansion of these businesses has to equitable and follow the rules of justice. What happens when […]
Development of Services that Support International Business
Ecosystem of Services Any business in order to function and grow needs an ecosystem of suppliers, vendors, and infrastructure that supports the operations of the business. For instance, if a certain company wants to setup its operations in a particular place, it needs land, roads, water and power supply, and vendors and suppliers to supply […]
Documentation in Customs Clearance
Any Importer wishing to bring in cargo into the country may do so through air, ship, and road or multi modal transport. Every import consignment is required to be deposited by the transportation agency or the freight forwarder into the Customs Designated Bonded warehouse for Customs Clearance. Customs Clearance is facilitated by Customs Clearance Agent […]
This article details the high level project plan and the components of the same. A project is a success if it meets the objectives of time, cost, technical and business. Project objectives are defined in the preliminary project scope statement. As mentioned above, a project is deemed complete if the project objectives have been met. The objectives should be clear and achievable.
The objectives for this project have been summarized as:
The project plan must contain the time taken to complete the project end-end from requirements to implementation. A detailed analysis of each stage and the time taken for the same must be outlined upfront and milestones for each stage defined.
The cost for completion of the project as defined by the time taken to complete and the technical and business objectives being met is to be defined. All the project objectives are linked to each other and any change in one variable affects the others as well. For e.g. a change in the technical requirements would mean that more time would be required to complete the project and this in turn affects the cost. Thus there are cascading affects on each of the variables.
The business objectives have to be clearly spelt out by your company in terms of the sales generated, the cost benefit analysis of building a website and consequent revenue generation etc.
The technical requirements can be stated in terms of the quality of the deliverables and the number of defects found during each of the testing phases and the turnaround time for implementation etc.
The above chart is a representation of the Work Breakdown Structure (WBS) for the project. It represents a high to medium level summary and it can be refined further. The WBS has been summarized in the organization chart keeping in mind some factors like:
| Activity | Team Member | ||
| Team member 1 | Team member 2 | Team member 3 | |
| A (design) | P | S | |
| B (coding) | S | P | |
| C (testing) | S | P | |
P - Primary responsibility
S - Secondary responsibility
This chart cross references the WBS created for the project. Each of the work packages created in the WBS is allocated to each of the team members with primary and secondary responsibilities assigned accordingly.
The project plan consists of the above details as well as the WBS and the responsibility matrix. A detailed project plan needs more elaboration and is a separate activity altogether.
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Costs in Project Management – Costs associated with the Projects
February 12, 2025
