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Project Management For Engineers: The Basics For Delivering Projects On Time and On Budget

Project Management for Engineers

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Balusamy
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221 views7 pages

Project Management For Engineers: The Basics For Delivering Projects On Time and On Budget

Project Management for Engineers

Uploaded by

Balusamy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Project

Management
for Engineers

The Basics for delivering Projects


on Time and on Budget

When others can’t.


PME Sample3© Sound Mind Management Co. Page 1
Road Map to Success

Start Here: Cost Delivery


Quality:
Introduction to 1. Defining your
Project Product
Deliverables Quality 2. Building Your
Charter
Relationships of
Quality, Cost and
Delivery
Cost:
1. Finding Your Costs
2. Contingency Cost
Estimating.
3. Forecasting Risk &
Opportunity.
4. Balancing Investment
& Product Cost

Delivery:
1. Locating your Milestones
2. Creating your Work Breakdown Structure
3. Developing your Project Schedule

Meeting Management
T h e F o u n d a t i o n t o D e l i v e r i n g t h e a b o v e

Plan Conduct Close Follow Up

Purpose- Focusing on the Summarize Minutes-Writing


goal. the outcome Minutes to create
People- Engaging others to Review the action.
next actions
work. Charts
Agree to Communicating
Process- Delivering on the those actions
Purpose results to others
Evaluate
Personal- Dealing with the meeting
needs of others. Thank team
PME Sample3© Sound Mind Management Co. Page 2
Sample Page-Balancing Deliverables for Success

Project Managers organize, lead and manage the team to achieve the
three Project deliverables. These deliverables are:

• Quality (Q)
• Cost (C)
• Delivery (D)

Relationship of Quality - Cost - Delivery

Cost Delivery

Quality
Quality, Cost and Delivery (QCD) are shown here as three sides of a
triangle because each is interdependent on the others. By this I
mean……….

PME Sample3© Sound Mind Management Co. Page 3


Investment and Product Costs Trade Offs
Again, as estimates mature to quotes, true costs are found and the
Team will learn how savvy they are at forecasting. In some cases,
Investment is significantly over while Product remains under budget.
In other situations, Product Cost is significantly over while
Investment remains under budget. When one cost is in crisis and the
other is not, these two costs can be balanced though within limits.

Scenario: Investment High - Product Cost under Budget:


Take action here by soliciting suppliers to amortize all or some of
their tooling costs into the piece price. This amortization can spread
all or part of the tooling costs into the purchase parts over a period
of years instead of paying the whole investment up front. Piece
price will be higher for a period of time but it will eventually return to
the lower quoted price once the supplier recovers their investment.
Or take action to lower the tooling sophistication and thereby the
investment costs. For example, move from a high volume stamping
die to a lower volume simple die. Or use no specialized tooling at all
but use standard fabrication techniques (like laser cut metal welded
together) to prevent all tooling investment. Very obviously the
Product Cost or piece price will rise.

PME Sample3© Sound Mind Management Co. Page 4


Sample Page- Scheduling to Deliver On Time First Time!

Project scheduling can be done manually in Microsoft’s Excel® or


Word® but both of these require more time and finesse than I am
willing to invest. Microsoft’s Project® is specifically designed to do
Project Scheduling. It has the information as shown above and
automatically provides the Gantt chart. Project® and also provide
Network Diagrams views as well.

Typical Microsoft Project® View

Gantt
Milestone Chart
Sub
Task
Summary
Tasks

PME Sample3© Sound Mind Management Co. Page 5


Sample Page- Planning and Executing Meetings that get the
Results you Expect!

Process

How work gets done.

Building on foundation of a solid Purpose and the right People in the


meeting, now consider how the work will get done. Control the
process with a strong agenda. A strong agenda will…………

PME Sample3© Sound Mind Management Co. Page 6


Sample Page- Leading Decisions Effectively to Gain Support

Frequently, a meeting Purpose will be to obtain a decision. The


process of the meeting will determine how that decision is made.
Decisions ……………

Participation vs. Support


Compliance > Commitment > Ownership

 Consensus
Level of Participation

 Majority Rule

 Expert decision

 Authority Rule

Time required to decide

Sound Mind Management

Keep in mind that not all decisions can or should be made by


consensus. While this process offers the greatest potential………

PME Sample3© Sound Mind Management Co. Page 7

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