[Impact of Project Planning on New Project Development]

By

Acknowledgement

I would first like to express my gratitude for my research supervisor, colleagues, and peers and family whose immense and constant support has been a source of continuous guidance and inspiration.

DECLARATION

I [type your full first names & surname here], declare that the following dissertation/thesis and its entire content has been an individual, unaided effort and has not been submitted or published before. Furthermore, it reflects my opinion and take on the topic and is does not represent the opinion of the University.

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Abstract

The study focuses over the concept of project planning and how it impacts the success rate of the new project development. How important it is to do planning and making blueprint of any new project before its execution for the timely and accurate achievement of goals associated with the project. Finally it has been tried to describe the different factors with play vital role in the project planning and its overall effect on the new project development.

TABLE OF CONTENT

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 01: INTRODUCTION1

Background of the Research1

Problem Statement1

Rationale2

Purpose of the Study2

Significance2

Research Question3

Ethical Concern3

CHAPTER 02: LITERATURE REVIEW5

History6

Phases of Project Management7

Tools and Techniques9

Assignment of Project Management Strategy9

Benefits and Challenges12

Project Planning Cycle18

A Baseline Study & Situational Analysis19

What Kind of Information?22

How to Gather Information23

Ambition (quantity & quality) measures24

Methods of Gathering Information24

a) Use the existing documentary clues25

b) Observation25

c) Meetings & converses26

d) Area reviews & study28

Summing Up29

Needs Assessment29

Recognition29

Priority desires30

The requirement for Levelling30

CHAPTER 03: METHODOLOGY31

Research Design31

Literature Search31

Keywords32

CHAPTER 04: DISCUSSION33

Environmental Considerations34

Project Design34

Target Group (S)34

Target & Tasks36

A feasibility study: assumptions & constraints38

Key Strategies40

Action Plan44

Project45

Co-ordination46

Result48

CHAPTER 05: CONCLUSION50

Design Evaluation50

Step 1 Defined Reason of the Assessment50

Step 2 Assess the Priority Localities Defined51

Step 3 Information Collection Program51

Step 4 Implementation Plan51

Step 5 Analysis & organization of information.52

Step 6 Results of communication & decision-making follow-up plans52

Conclusion53

CHAPTER 01: INTRODUCTION

Background of the Research

A significant number of projects exceed their original budgets, run late or fail to meet their objectives. Various studies suggest that the overall success rate is not more than 40%, whereas for Information Technology projects the rate of success is even lower. Approximately 50% of construction projects and 63% of all information systems overrun their budget by between 40% and 200 %.( Hartman 2008 187)

Discovering which factors lead to project success has been a subject of interest to project management practitioners and researchers for a long time, and a number of studies have been carried out on the subject.

Problem Statement

This paper sets out the issues related to project success and failure as presented in the selected literature. These issues are then explored in the context of empirical data collected over eight years to assess industry practitioners' views of specific aspects of project planning and related activities, tools and processes. The issues are identified so that a rationale can be established to determine what we need to re-evaluate or re-emphasize in good project management practices.

Rationale

Even before the start of a new project and its development, the necessity lies for the planning period, if one wants their project to be successful at the ...