FIT2002 Lecture Notes - Lecture 11: Stakeholder Management
13 May 2018
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• Process – series of actions directed towards a particular result
• Five project management process groups: do not equate to project phases
o Initiating
o Planning
o Executing
o Monitoring/controlling
o Closing
• Monitoring and controlling occur as same time as processes contained with planning and
executing. Planning and executing tend to cycle around.
• Process groups should repeat over each project phase, including initiating often.
• Top two process groups by time are executing and planning. Spending more time in planning
pays off in execution, suggested at least 20% of time is spent on it.
• Methodology described how things should be done, vs a standard which describes what
should be done.
• Main goal of project initiation – formally select and start off projects. Involves integration,
stakeholder management.
• Main purpose of project planning – guide execution.
• Key outputs of project planning:
o Team contract
o Project scope statement
o WBS
o Project schedule
o Prioritised risks (part of risk register)
• Project monitoring and controlling – involves measuring progress towards objectives,
monitoring deviation, taking corrective actions
• Project closing involves gaining stakeholder/customer acceptance of final products and
services, final reports/presentations
• Uncompleted projects should still be closed out.
• Closure involves integration management and procurement management (closing
procurements).
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