Establishing a project objective
The planning process is based on
the project objective, which establishes what is to be accomplished. Many times
the project objective is stated in the project charter or request for proposal
(RFP). The objective is the tangible end product that the project team or
contractor must produce and deliver in order for the sponsor or customer to
achieve the expected benefits from implementing the project.
The project objective is usually
defined in terms of the end project or deliverable, schedule and budget. It
requires completing the project work scope and producing all deliverables by a
certain time and within budget. It should also include the expected benefits
that will result from implementing the project ad define the success of the
project. The project objective must be clearly defined and agreed upon by the
sponsor or customer and the project team or contractor that will perform the
project. The project objective must be clear, attainable, specific and measurable.
The project objective should include the following:
Expected benefits that will result from implementation of the project and
define success. This element establishes why
the project is being done. It may include verbs such as to increase, to expand,
to reduce, to save, to establish and so on. This element should also include a
quantified measure if appropriate, such as a percent, dollar amount, or absolute
number. Examples include: to increase sales volume by 5,000 units annually, to
expand customer base in European markets by 60 percent, to reduce the number of
patients that contract post surgical infections by 50 percent, to double the
number of donors, or to reduce annual overhead cost by $150,000.
1. Primary
project end project or deliverable, such as a mobile app shopping capability, a
nationwide marketing campaign, dormitory complex, or a noninvasive medical
monitoring device.
2. Date by which
the project is required to be completed, such as by June 30, 2015, or in 18
months.
Some examples of project objectives
are:
1. To increase
emergency room capacity by 20 percent and reduce average patient waiting time
by 50 percent through a reconfiguration, and process improvement project to be
completed in 12 months and within a budget of $400,000.
2. To meet new
environmental regulatory requirements by installing a new filtration system
within 15 month and with a budget of $3.2million.
3. To obtain
information about consumer preferences by conducting a consumer market study to
be completed in 26 weeks with a budget of $40,000.
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