2023 Discussion Question DQ1 1 1 What is meant by planning a project What does this encompass Who | Assignments Online

2023 Discussion Question DQ1 1 1 What is meant by planning a project What does this encompass Who | Assignments Online

Assignments Online 2023 Business Finance

 

Discussion Question (DQ1)

  • 1-1. What is meant by planning a project? What does this encompass? Who should be involved in planning the work?
  • 1-2. What is a work breakdown structure? What is a responsibility assignment matrix? How are they related?

After posting your response to the questions above, please respond to at least two other postings of your classmates (Develop your response in nor less than 5 lines)

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Classmate 1 post:

1- 1) A planning project is temporary strategy that it has a defined beginning and end in time, therefore defined scope and resources. This type of strategy tends to be unique which means that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. So a project team often includes people who don’t usually work together, sometimes from different organizations and across multiple geographies. All must be expertly managed to deliver the product, service or result on-time, on budget, based on the organizations need.

1-2)  The WBS is a hierarchical decomposition of the project work scope into work packages that produce the project deliverables. It is a technique for organizing and subdividing all the project work and deliverables into more manageable components. It establishes the framework for further planning to create a baseline plan for performing the project work. 

Responsibility assignment matrix shows people responsible for the work. It is the tool, which is used to designate the person responsible for accomplishing the work items in the project work breakdown structure. Each person’s individual role in supporting the project is shown in the responsibility assignment matrix. Therefore, WBS and RAM are related because WBS shows how the project’s work should be done and RAM shows who are responsible on each task.

Classmate 2 post:

1-1 The  planning process is based on the project objective, which establishes  what is to be accomplished. Once goals are established, it should  include expected benefits, end product, deliverable date and budget.  Project stakeholders should be involved in the planning process. 

1-2 The  major work tasks defined statement of work (SOW) section along with the  detailed list of deliverables provide the basis for creating a work  breakdown structure (WBS), which is a hierarchical decomposition of the  project work scope into work packages that produce the project  deliverables. It is a technique for organizing and subdividing all the  project work and deliverables into more manageable components. 

A  responsibility assignment matrix (RAM) illustrates who will be  responsible for the work. It is a tool used to designate the individuals  responsible for accomplishing the work items in the WBS. It is a useful  tool because it emphasizes who is responsible for each work item and  shows each individual’s role in supporting the overall project. 

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