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The objectives are crucial to a project. Financially Educate


Setting objectives for a project is not complex or time consuming process, but usually he is entitled to this or did not take the time or feel that they are "tied" to these objectives formalize case. It is clear then that the first step in establishing the objectives of a project, is also contemplating the mechanism used to modify the objectives, if necessary. This mechanism should be flexible, and consistent with the forms and rules for managing change within the organization. It is also important to note that the change of the objectives referred to many changes within the project and may even terminate it.

Determination of objectives is that makes a project will last and even survive the change of people in the organization. In general, projects must contribute something to the business, either in increased profitability, cost reduction, on approach to customers, competitive position, among others. In some cases there are multiple objectives to be achieved with a single project.

Establishment target shooting also resulted in the establishment of the metric under which it will determine the achievement of these objectives. These indicators should include, in addition to the indicator itself, the way they are to be calculated and their periodicity. One of the important indicators of a project, and even that is based on the approval or disapproval of the idea to develop it, is the return on investment. It is essential then also have metrics to ensure that the return stated at the beginning of the project will meet during the same. You need to have under control then the use of resources allocated to the project, resources of time, money and equipment.

The clarity of purpose lies in two essential factors, one may be achievable, and one that can be measured. Very long-term goals require a rethink of partial deliveries, milestones in the course of the project, which it can generate reports of progress toward the ultimate goal. It is very easy during the course of the project, the problems within it, must not miss, do you miss the horizon, if there are no small milestones which can go forward.

projects today require high speed in their development but also of excellent quality in achieving the objectives. Managing projects is inherently difficult with clear objectives, much more complex. Is even more complex support a project for which the objectives are not in progress, but as something extremely unattainable. Ideally you should break up any small projects, one or two months at most, but if only handle well, you lose the "thread" that makes all the elements point to the same corporate goal.

then time not skimp on the planning stage of a project and less on setting objectives. In the West we are more likely to start to work without much thought, and on the way to adjust the charges, but the speed of business today will not admit mistakes, and fewer mistakes without "compass" that allow to adjust the path.