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Project Management

A project is a temporary and requires one time effort to fabricate an exclusive good or service to impart valuable benefits. Project management balances the competing objectives, managing the risk and overcoming the constraints to successfully deliver a product which is exactly as per the clients specifications. The Project is accomplished within the defined cost, quality, scope and time constraints.

Our project management process is a defined workflow management methodology that ensures the success of your project regardless of scope. We assign a project manager to a project. Our project manager works closely with the client throughout the project life cycle. We employ mature project management processes, techniques, tools and people, thus providing a management framework required in order to execute a wide range of project types.

B24 e Solutions Project Management Process:

We follow a very pragmatic project management approach & have been successful in consistently delivering high end software applications that are executed in time and within budgets. We follow an adaptive model of project management where activities are governed by generic as well as bespoke processes.

Our first task is the development of project management plan which includes process customization where we define the initial scope of the project, estimations, contracts, resource planning, budget, team formation, time schedule and thereafter, establish a communication plan to know, how well our team will communicate and assign role and responsibilities to the team member to deliver greater output. The project manager and technical team leader are responsible for developing, tracking, and adjusting a Project Plan and Work flow structure that details out all the tasks to be carried out.

Project Management iterative process

1. Initiation:

To start a project, the basic process has to be followed. This basic process is, where we figure out a couple of things like
  • who will deliver the project,
  • who will use it and
  •  who shall have the stake in the respective project.
  • It improves the probability of satisfying customer.

Our initiation phase includes business needs, historical data, determining objectives and product description, identifying the qualifications of the project manager, resource requirement and obtains project initiation approval.

2. Planning :

Project planning defines each major task, estimates the time, resources and the cost required, and provides a framework for the management to evaluate and control.
Planning involves identifying and documenting scope, tasks, schedules, cost, risk, quality, and staffing needs. The planning phase encompasses of a number of processes that guesstimate the project’s size, technical scope, and the required resources. It will produce a schedule, spot and assess risks, and negotiate commitments. Completing these processes is essential to establish the complete, comprehensive project arrangement.

3. Executing :

Once a project moves into the execution phase, the project team requires resources to carry out the project. All these should be in place and totally ready to perform the project activities. The execution phase is when the work activities of the project plan commence, resulting in the completion of the project deliverables and achievement of the project objectives. This phase brings together all the project management disciplines, resulting in a product or service that will congregate into the project deliverable requirements and the customers need. During this phase, elements completed in the planning phase are implemented, time is expended, and money is exhausted.
Several supporting processes are a part of this phase. They may comprise of:

  • Team Development
  • Solicitation
  • Source Selection
  • Contract Admin
  • Quality Assurance
  • Information gathering and distributing

4. Controlling

Control is a formal process in a project management. The PMEPG defines the Project Control as a project management function that involves equating the actual performance with the planned performance and taking counteractive actions to yield the desired outcome when significant differences still exists. By monitoring and measuring progress recurrently, identifying variances from plan, and taking corrective action when necessary, project control ensures that the project objectives are convened.

5. Closing

The final major phase of a project’s life cycle is the project closeout phase. Project closeout is performed after all defined project objectives have been met and the customer has formally accepted the project’s deliverables and the end product.

Key elements of the Project closeout

  • Completion and closeout of any contractual agreement
  • Formalizing customer approval
  • Close out of any financial matters
  • Project’s final performance report
  • Completing, stockpiling and archiving project records