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In: Accounting

I do have an accounting project and one of the requirements is to ( Write a...

I do have an accounting project and one of the requirements is to ( Write a brief of how the team carried out the plan also to comment on how you would improve your process for completing the project) we all did a good job on the project but I'm bad at writing a brief summary on it.

i need help!

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Expert Solution

ANSWER:

Given;

Write a brief of how the team carried out the plan also to comment on how you would improve your process for completing the project.

The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.

(1) PROJECT GOALS : A project is successful when it has met the needs of the stakeholders. A stakeholder is anybody directly, or indirectly impacted by the project.

As a first step, it is important to identify the stakeholders in your project. It is not always easy to determine the stakeholders of a project, particularly those impacted indirectly. Examples of stakeholders are:

  • The project sponsor
  • The customer who receives the deliverables
  • The users of the project output
  • The project manager and project team

(2) PROJECT DELIVERABLES :

Using the goals you have defined in step 1, create a list of things the project needs to deliver to meet those goals. Specify when and how to deliver each item.

Add the deliverables to the project plan with an estimated delivery date. You will establish more accurate delivery dates during the scheduling phase, which is next.

(3) PROJECT SCHEDULE :

Create a list of tasks that need to be carried out for each deliverable identified in step 2. For each task determine the following:

  • The amount of effort (hours or days) required for completing the task
  • The resource who will carry out the task

A common problem discovered at this point is when you have an imposed delivery deadline from the sponsor that is not realistic based on your estimates. If you discover this is the case, you must contact the sponsor immediately. The options you have in this situation are:

  • Renegotiate the deadline (project delay)
  • Employ additional resources (increased cost)
  • Reduce the scope of the project (less delivered)

Use the project schedule to justify pursuing one of these options.

(4) SUPPORTING PLANS :

This section deals with the plans you should create as part of the planning process. These can be included directly in the plan.

  • Human Resource Plan.
  • Communications Plan.

  • Risk Management Plan.


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