Objective Analysis in Project Development and Management
Objective Analysis in Project Development and Management
Objective
Analysis
Objective Tree
Alternative Analysis
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Analysis of objectives involves reformulation of
problems into objectives. Objectives should be:
Realistic – achievable within given financial and
physical resources, and the time-frame envisaged.
Specific – so that any progress towards objective can
be attributed to the project and not to some other
cause.
Measurable – at acceptable cost and acceptable
effort, so project's performance can be measured.
Objective
Analysis
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With an analysis of objectives, we achieve:
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Objectives in Project Management
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Objective Analysis
1. Financial Objectives
2. Quality Objectives
3. Performance Objectives
4. Technical Objectives
5. Business Objectives
6. Compliance Objectives
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Objective Analysis
Different Types of Project Objectives
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Performance Objectives
A project's performance objectives can relate to a goal for
improving processes, services or products, or they can
provide details about how the project might operate. For
example, it can identify the number of resources that
project managers plan to use, project deadline or budget
cap.
Example: "We plan to streamline our paperwork processes and reduce
the information needed from prospective clients. Our goal is to
increase the conversion of qualified leads by 10% by the end of 1st
quarter." 10
Objective Analysis
Different Types of Project Objectives
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Technical Objectives
It usually involve any necessary technological efforts or
activities to reach the project's primary goal.
Example: "By the end of 2nd Quarter, we plan to improve user
experience on our site by reducing the number of clicks needed to
reach our webpage with the highest traffic: the product page.
Regardless of where the user is on the site, they can reach the product
page within two clicks or fewer."
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Objective Analysis
Different Types of Project Objectives
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Business Objectives
In most cases, the business objectives are the primary
motivation for the entire project. These goals ensure that
the project aligns with the organization's overall objective,
including opening a new branch or launching a product.
Example: "Our objective is to implement a new web-based support
ticketing system by August 2021. This new system allows us to limit
our ticket response times to an hour or less, which can develop a more
efficient support staff, create a better customer experience, and
increase customer satisfaction."
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Objective Analysis
Different Types of Project Objectives
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Compliance Objectives
In many industries, projects have specific compliance
requirements. For example, project managers in the
health care industry might consider patient confidentiality
regulations or occupational safety laws, depending on the
project.
Example: "We plan to encourage the re-establishment of the native
ecosystem at the state park by May 2021 by creating a safe environment for
local plants and wildlife. We plan to use a three-step process: reducing
littering rates, removing non-native growth and strategically planting
native plants." 13
Objective Analysis
A Objective Tree/Objective Analysis Tree
Objective Analysis
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Objective Analysis Tree Definition
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Objective Analysis
How to make an objective tree step by step
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How to make an objective tree step by step:
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Example of a Problem Tree
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Objective Analysis 26
B Alternative Analysis
Objective Analysis
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Alternative Analysis Definition
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Objective Analysis
When Should Alternative Analysis be used in
Project Management?
Objective Analysis 31
Alternative Analysis
When Should Alternative Analysis be used in
Project Management?
Objective Analysis 32
Alternative Analysis
Benefits of Using an analysis of alternatives
Analysis of (AOA) will help the project,
Alternatives portfolio and program managers
(AOA) identify, understand and evaluate
Objective Analysis the alternatives open to them
when managing a project. It will
also help them to select the best
course of action as it concerns
project costs and risks.
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1. Make a Plan
2. Organize the Analytic Framework
3. Identify and Define Alternatives
4. Assess the Alternatives
5. Compare the Alternatives
6. Report the Results
How to Execute an Alternative Analysis
Objective Analysis
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How to Execute an Alternative Analysis
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Make a Plan
This means defining the various decisions that you can
make to meet your objective and achieve operational
effectiveness. You’ll want to include stakeholders, but
also define the timing, effort or costs involved. There will
need to be a study team assembled and a study plan to
direct their activities.
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Objective Analysis
How to Execute an Alternative Analysis
2
Organize the Analytic Framework
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Objective Analysis
How to Execute an Alternative Analysis
3
Identify and Define Alternatives
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Objective Analysis
How to Execute an Alternative Analysis
4
Assess the Alternatives
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Objective Analysis
How to Execute an Alternative Analysis
5
Compare the Alternatives
Weigh the pros and cons of the various alternatives
you’ve identified. Determine what the merits of each are,
as shown by the analysis you’ve made.
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Objective Analysis
How to Execute an Alternative Analysis
6
Report the Results
Document the results of the AOA to show the life cycle
cost that supports the alternative or status quo you chose,
and how that will support the project decision-makers
and/or stakeholder needs.
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Objective Analysis
Alternative Analysis Tips
Objective Analysis
Alternative Analysis Tips
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Objective Analysis
Project Management
Objective
Analysis
Objective Tree
Alternative Analysis
THANK YOU!
Group VI 52