Whats It Called When You Review a Project
- Y'all want exercise to know where you are standing with that large, multi-year, strategic project?
- Yous recollect i of your key projects is in trouble?
- Or you know that one of your key projects is in problem?
Then a project review is what y'all are looking for.
So what is a project review?
When we talk about a project review there are many names thrown around to indicate the same thing: projection review, project health bank check, project audit, project retrospective, projection postmortem. Simply are they really the aforementioned? Not really.
A project audit is about being compliant and almost the at present. An audit aims to show the extent to which your projection conforms to the required organizational and project standards. So, if your arrangement uses PRINCE2 or their own project management methodology, an audit will await at how closely yous follow the processes. An audit can take place during or after the projection.
A projection retrospective, or postmortem, is about lessons learned then that your next projects volition run ameliorate or equally well. A projection retrospective will be done subsequently the project, so has no use for the projection itself.
A project review is all about the future probability of project success. A project review volition give you a good agreement of the current status of your projection and how it is on rail to evangelize against your definition of projection success on iii levels:
1) Project delivery success: will the process of delivering the projection exist successful? Essentially this addresses the classic triangle "scope time, budget, and quality?"
2) Product or service success: this is most when the production or service to be delivered is deemed successful (eastward.thousand. arrangement is used by all users in scope, uptime is 99.99%, customer satisfaction has increased by 25%, operational costs take decreased by 15%, etc.).
3) Business success: this is about how the production or service to be delivered brings value to the overall organization, and how it contributes financially and/or strategically to the business.
A projection review can take place at any fourth dimension during or after the project, although it has very limited value at the start of a project.
Why do a projection review?
A projection review will give you:
- An exterior 360-degree view on the current status of your project
- The information you need for practiced conclusion making
- An exterior opinion on the success chances of the project (project delivery success, product/service success, and business success)
- Suggestions for cosmetic actions on the discovered projection bug and challenges
When should you do a project review?
The 3 main reasons for doing a project review are:
one) Periodic review of large, multi-year, strategic projects to verify all work is on track and the business example(s) are still valid.
2) When you think ane of your key projects is in trouble.
3) When you know one of your key projects is in trouble.
What will be done during a project review?
Below are the building blocks of a project review. The row order is not graved in stone and can exist adapted based on availability and priorities. Results of one edifice block will be an input of another.
one) Understanding the projection success criteria
2) Understanding the projection stakeholders
3) Team Review
4) Scope Review
5) Financial Review
6) Timeline Review
7) Steering Committee and Governance Review
8) Engineering & Architecture Review
ix) Engineering & Quality Review
10) Touch on Assay
xi) Take a chance Assessment
12) Communication Review
13) Contract & Procurement Review
What volition be the effect of a projection review?
1) An upward to date supposition List
2) An up to date issue list
3) An up to engagement take a chance assessment
4) A detailed study with findings and suggested corrective actions
5) Presentation and word of findings and suggested actions
Posted on Mon, February 05, 2018 by Henrico Dolfing
Source: https://www.henricodolfing.com/2018/02/what-is-project-review.html
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