Example - Project Management Processes
You can use Project Planning to facilitate the Project Management Process throughout the project life cycle.
- 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.
- Resources are assigned to the proposed project at the desired level of detail. Assigned resources may be actual employees or generic resources.
- The proposal is accepted. Contract negotiations ensue and modifications to resources, scope, and budget are made to the original fee estimate.
- 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.
- 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.
- Throughout the project's life cycle, project plans are updated from changes made to the Resource Management screens.