Example - Project Management Processes

You can use Project Planning to facilitate the Project Management Process throughout the project life cycle.

1. The Project Manager builds an initial fee estimate for a proposal based on resources and hours. The Project Manager can follow a top-down or bottom-up approach and have the time phased component of the schedule applied.
2. Resources are assigned to the proposed project at the desired level of detail. Assigned resources may be actual employees or generic resources.
3. The proposal is accepted. Contract negotiations ensue and modifications to resources, scope, and budget are made to the original fee estimate.
4. The initial project budget is finalized and the project is approved by accounting. The Vision accounting record can be created directly from Vision Resource Planning.
5. The Project Plan is updated on some determined frequency by one of the following methods:
   • Forecast the remaining work on the project by updating the planned Estimate to Complete hours.
   • Update the project's status by updating percent complete values. This drives project earned value output.
6. Throughout the project's life cycle, project plans are updated from changes made to the Resource Management screens.