Corwin

Corwin Framework for Evaluation and Management of a Project This framework is designed to aid in project planning/development, management, and evaluation and is considered a living document. Prior to any application, revisions may be necessary to customize the framework for a specific type of project. Lessons learned from previous projects should be incorporated to improve the framework. 1) Project Preparation a) Concept Definition i) Cost Estimation (1) Numeric model (a) Profitability (i) Net Present Value of project (ii) Investment required (iii) Return on Investment (iv) Payback period (b) Weighted factor scoring model (2) Non-numeric model ii) Feasibility determination (1) Strategic assessment (2) Benefits of acceptance (3) Impact of rejection iii) Time Management iv) Solution Selection v) Initial Approval b) Planning i) Project Team (1) Vertical hierarchy (2) Project Manager (3) Function managers (4) Team Members (5) Stakeholder identification ii) Communications Plan iii) Structure (1) Statement of Work (a) Project Objectives (i) Scope (ii) Performance requirements (2) Work Breakdown Structure (a) Resource management (3) Schedule Development (a) Critical Path Method (b) PERT (c) Audit Plan (i) Schedule Audit (ii) Budget Audit (iii) Production Audit (iv) Communications Audit (v) Contract Audit (vi) Complete Audit (4) Budget Development (5) Learning curve expectations (6) Quality control iv) Change Control Plan v) Contract Development vi) Final Approval 2) Project Execution i) Carry out developed plans (1) Schedule (2) Work Breakdown Structure (3) Audits ii) Problem Management (1) Problem Identification (2) Root Cause Determination (3) Corrective Actions (a) Immediate (b) Long Term (4) Feedback iii) Conflict Management (a) Source of conflict (b) Impact (c) Solution (d) Feedback 3) Project Termination i) Reasons (a) Completion (b) Failure (c) Cancellation ii) Resource Reallocation (1) Money (2) Materials (3) Personnel iii) Termination Evaluation/Lessons Learned (1) Feedback to organization All projects can be categorized in three major stages of life according to the framework. The stages overlap various phases of the Project Life Cycle. The Project Preparation stage includes the concept definition and planning. The second stage is Project Execution, which is the task of actually carrying out the project. The final stage is Project Termination, which signifies the end of a project. Project Preparation corwin, project, management, team, plan, framework, planning, organization, problems, development, audit, within, failure, execution, developed, both, structure, solution, must, during, work, stage, selection, projects, process, preparation, learned, critical, should, peters, members, identified, cost, conflicts, conflict, completed