Are you having issues delivering your project on time and on budget? Do you find you are faced with growing scope creep?
Are you having problems managing the expectations of project stakeholders and sponsors?
Is your project suffering from:
➡️Poorly Defined Project Goals?
➡️Lack of Proper Communication?
➡️Inadequate Risk Management Plan?
➡️Lack of Project Governance?
Then The Banana Rat’s Project Manager Toolkit Templates may be for you!
The Banana Rat’s Project Management Toolkit can help you prepare your projectfor success by giving you and your teams the tools they need to communicate and manage all project activities.
The proper project management tools areimportant because they help ensure what is being delivered, is right, and will deliver real value against the defined business opportunities.
The first three tools inthe Banana Rat’s Project Manager Toolkit are:
➡️The Project Initiation Document or Charter
➡️The Project Status Report
️➡️The Project Change Request
Before we get into detail on these three templates from theProject Manager Toolkit, let's first review what Project Management is.
What is Project Management?
It may help to review what Project Management is for those that are new to the concept.
Projects are temporary endeavors that have a defined start and end date. Many projects live on in production and operations, but it takes a different set of skills to plan, deploy, and test a project than it does to maintain it in operations.
Every project has a sponsor group or owner. The sponsor is responsible for the project's successful completion.Project Managers keep the project team on task and ensure the project meets the needs of all stakeholders & sponsors.
A good Project Manager helps an organization complete projects within the parameters of scope, time, and budget.The Project Manager also supplies the project team and organization with a means to prioritize and escalate risks and issues. The Project Manager runs the project's governance framework and isresponsiblefor successful delivery.
A Project Manager works with team members to utilize project management tools and techniques to complete their various project deliverables.
This is where the Banana Rat’s Project Manager Toolkit can help you manage all of the phases of a project, from planning to lessons learned.
Let's briefly review the five key phases of project delivery before we get into the individual Project Management templates from The Banana Rat.
Project management begins when a project sponsor initiates a project. The five steps of project management include:
- The initiation phase.The project manager will assign or ask for team members to volunteer to complete specific tasks.
- The planning phase.The team agrees on a schedule with the client or amongst themselves for the project. The team may also create a communication schedule with key stakeholders, determine the project’s standards, and set a budget (if applicable)7 during this phase.
- The execution phase.This phase is where the work gets done. Employees may work independently or as a team on tasks that were determined during the previous phases.
- The monitoring phase.The project manager monitors each person or team’s progress along the way to ensure the project is on track to meet the overall deadline and achieve its goals. This phase often happens simultaneously with the execution phase.
- The closing phase.Finally, the project manager ensures the team completed the project to the agreed-upon standards and communicates that the team completed the project.-quoted from Forbes
Nowlet'slook at some of the Project Management templates available in the Banana rats Project Manager Toolkit:
➡️Status Report, and;
➡️Change Request Templates
The Project Initiation Document or Charter
The Project Manager Toolkit: Project Initiation Template
A Project Initiation Document (PID) is issued by the Project Sponsor. The PID formally authorizes the Project and provides a Project Manager with the authority to gain the resources, funding, and approval for the Project.The PID clarifies the project's intent, and clearly defines the project's goals and the sponsors, stakeholders and project team, and governance involved with the project.The PID officially authorizes the Project Manager to commence work and utilize project resourcesto deliver the project.
The PID lays out the project's goals and outlines how project members, sponsors, and stakeholders will work together to achieve the goals of the project.
The PID allows a Project Manager to commit company resources to the Project; without a PID, the Project can be canceled anytime and can be subject to a health check audit as an unauthorized Project.
Without a Project PID, Projects will have no coherent direction. Project Managers will lack authority. Stakeholders’ expectations will not be managed. The scope of the Project will not be clearly defined.
Benefits of a Project Initiation Document (PID):
Grants authority to the Project Manager to complete the Project.
➡️Explain to the business the importance and existence of the Project.
➡️Demonstrates the executive's support for the Project.
➡️Defines Project outcomes.
➡️Aligns Project with the organization's objectives and organizationalportfolios.
➡️Provides a team with a clear concise reporting system. -Protects team members from scope changes.
➡️Manages stakeholders’ expectations.
➡️Authorizes the existence of the Project or establishes the Project governance.
➡️Used to secure Project funding.
➡️Defines Project governance and the parameters within which the Project manager is authorized to operate.
➡️Gives the Project Manager authority to spend money and secure resources.
➡️Provides the high-level requirements for the Project.
➡️Links the Project to the ongoing operations of the organization.
The PID is critical to the success of a Project. The PID builds a foundation for the Project and Team. A PID is a great way to communicate with the Stakeholders and provides direction to the Project Team.
Theimportance of the PID/Chartercannot be overlooked. It helps ensure everyone is on the same page and knows whatthey're working to achieve.
Note:Larger projects will require a full Project Charter. The full Project Charter template can be found in Maritime Vintage’s Project manager’s Toolkit.
The Project Status Report
The Project Manager Toolkit: Project Status Report Template
A Project status report is a concise document that outlines high-level information about a Project. Regular Project status reports help keep all project members and stakeholders updated and outline how the Project is progressing.
The project status report provides a constant information flow within the project team.The Project status reports help to answer the questions that the Project Team and Sponsors always seem to be asking.
Project sponsors and stakeholders are always eager to know how the project is doing.A well-designed status reporting process helps to keep sponsors and stakeholdersin the loop.Regular status reports will increase their confidence in the project manager and the project.
The project status report is both a communication channel anda documented history of the project.
Project Status Reports help a Project Manager to see all the moving parts instead of flying blind and hoping for the best.Allowingfor timely informed decisions, and the ability to justify why you made changes to the project plan, scope, and budget.The status report also helps the project manager and project team to identify risks and any delivery challenges that arise.
Project Managers will get considerably fewer questions about Project status because you are regularly updating Project Sponsors and the Project Team.
When off track, your status report will let others know what the delay is, and what you’re doing to resolve any roadblocks and allow the Project governance processes to kick in.
The Status Report is one of a Project Manager's most important tools.
The Project Change Request
The Project Manager Toolkit: Project Change Request Template
The change request is one of the Project Manager’s most effective tools. It is used for requesting, approving, and documenting changes to the Project and is an important piece of the project change management process.
Change is always happening on Projects. As a Project Manager, you need to stay on top of change to ensure it doesn’t impact your budget, timeline, or scope. You may not be able to keep Project change from happening…but youcanmanage it.
To be successful, Project Managers must ensure that proper change management process controls are in place. A well-defined change control process helps to ensure that the Project remains within approved constraints, scope, and budget, and continues to deliver expected benefits.
A change request template is a great tool that can beused bya project team to document and track ongoing Project changes.
Here are a few simple questions to help you and your team determine how to handle the change:
What is the change?
- Why is the change being introduced?
- Does the change contribute to our Project goals?
- What challenges does the change present?
Once you’ve discussed these questions with your team and stakeholders, you can focus on how the change will impact your Projects scope, timeline, and budget. It’s a good idea to get your team together to talk about the level of effort required by the impending change.
Theimportance of the Change Request Templatecannot be overlooked. It helps ensure everyone is on the same page and knows whatthey're working to achieve.
The Project Initiation (Charter), Status Report, and Change Request are three of a Project Manager’s most important tools. They are the air traffic control system for the project allowing the project manager to get a complete picture of all the moving parts of theproject. They allow the project manager access to timely information and to manage expectations with project sponsors.
The Banana Rat hopes that these tools are helpful to the deliveryof yourprojectand enhance the two-way communication within your project team. Should you have any questions for the Banana rat, please leave them in the comment section below.
Author: The Banana Rat
- Define a Project Organization Structure. ...
- Set Clear Project Goals & Objectives. ...
- Create a Communication Plan. ...
- Define Roles & Responsibilities. ...
- Create a Risk Management Plan. ...
- Set a Project Performance Baseline. ...
- Create a Change Management Plan. ...
- Focus on Value Delivery.
Project management is the act of planning, organizing, and managing a project in order to achieve a predefined goal or outcome. All types of businesses rely on projects to achieve many of their short-term and long-term goals, because projects are how things get done.Is project management test hard? ›
The PMP exam is known for being hard, but PMI doesn't disclose specific statistics about the passing score or failure rate. Some project expert surveys estimate the failure rate at around 40-50%, meaning only about half of the first-time test takers pass the PMP exam.What are the 5 stages of project management? ›
- monitoring and control.
Planning and managing a project involves so many elements that cannot be all included in one article. However, they can be grouped under three major categories: Product, People and Process.What are the 3 R's of project management? ›
Project Management 3 R's – Reduce, Reuse, Revise.How many people fail the PMP test the first time? ›
The PMP® exam is complex, and when considering the pass rate (around 40-50% of candidates fail on the first attempt) and the first-time pass rate (about 20%), it's clear that passing this exam is not easy. But with proper preparation, you can be one of the 20% who will pass on the first try.How do I pass the project management exam? ›
- Conquer the PMBOK® Guide. The PMP exam is based largely on the PMBOK® Guide. ...
- Use a Good PMP® Prep Book. ...
- Try PMP Exam Prep Workshops. ...
- Try Online PMP Exam Prep Workshops. ...
- Take Advantage of Online PMP Exam Simulators. ...
- Remember Flash Cards. ...
- Participate in Study Groups and Discussion Forums.
Once your PMP Exam application is approved, you are given one year and three attempts to pass. In case you fail all of these three attempts, you need to wait one year before filing another application to try again.What are the 7 C's of project management? ›
There are seven core elements that if considered will contribute to the organization's project decision-making process. The seven elements (7 C's) are: customers, competitors, capabilities, cost, channels, communication, and coordination.
Many of the sessions I attended at the conference re-enforced what I believe to be four pillars upheld by the project manager: trust, respect, accountability and change management.What are the 5 pillars of the PMP? ›
They implement and track 5 pillars of project management: Plan, People, Process, Polish-off, Post-completion.What is project management in one word? ›
In simple terms, project management means the process of leading a team to hit goals or complete deliverables within a set timeframe.What are the 3 most critical elements of effective project management? ›
- Scope: The deliverables and tasks that the team must finish to meet the project's objectives are referred to as the scope. ...
- Cost: The entire sum of money necessary to finish a project is the project cost and is also known as the budget. ...
The phases of a project are initiation, planning, execution, and closeout.What is 3Rs explain briefly? ›
The principle of reducing waste, reusing and recycling resources and products is often called the "3Rs." Reducing means choosing to use things with care to reduce the amount of waste generated.Which of the 3Rs is most important? ›
Reducing is the most effective of the three R's. The second most effective strategy for environmental stewardship is to reuse. Before throwing something in the garbage, it helps to think about how that item might be reused.What are the 3Rs and which is ultimately most important why? ›
As mentioned, the third R, reduce, is sometimes considered the most important—above reuse and recycle. In a straightforward way, this is because consuming fewer products will eradicate the need for them to be reused or recycled when we are done with them.Can I pass PMP in 3 weeks? ›
For a PMP candidate with adequate experience and formal PMP training, which might take 2–3 months, 100–150 hours of self-preparation is required. However, only a few people were cleared within three weeks of the certificate course in project management, and others took months.Do people fail PMP? ›
Every year, over 60,000 people enroll in Project Management Professional certification programs to expand their project management skills and knowledge. Of this, PMP exam pass rate is less than 70%. It can be a time-consuming process but it is worth the effort.
Sanjay Ghosh works as a Project Manager at Hewlett Packard. He passed the PMP certification at his 1st attempt. We asked Sanjay the tips and tricks of his PMP study journey. Read on to learn “how I passed the PMP exam” story of Sanjay.How many times can you fail the PMP exam? ›
How Many Times Can You Take It? You are allowed three attempts at passing the exam within your one-year eligibility period. Failing that, you must wait one year from your last try before attempting the exam again, but you can apply for other PMI credentials.Can I pass PMP in 2 weeks? ›
How to Study and Pass PMP Certification Exam Fast? You would need about 120 hours of study to crack the exam. Now, if you want you can crunch these 120 hours of study in 2 weeks. If you are willing you can further squeeze 120 hours in 10 days or extend your schedule to 21 days.How do you pass PMP on first try? ›
- Know the PMBOK Guide. ...
- Have a Timetable. ...
- Look at another study guide. ...
- Solve multiple practice questions. ...
- Write Practice Tests. ...
- Make the most of 35 hours of project management training! ...
- Develop a strategy that will work for you. ...
- Join PMI and connect with other Project Managers.
- Conception and initiation.
- Project close.
Specific responsibilities of the project manager
managing the production of the required deliverables. planning and monitoring the project. adopting any delegation and use of project assurance roles within agreed reporting structures. preparing and maintaining project, stage and exception plans as required.
The four functions of management are planning, organizing, leading and controlling. In order to be a successful manager, you must do all four while managing your work and team. These are the foundations of any professional managerial position.What are the 4 types of project management? ›
A 2017 report published by the Harvard Business Review divides project manager personalities into four different types—executor, prophet, expert, and gambler . Knowing how you or other project managers operate can be useful in discerning what kind of project management style is best for the situation.What are the 6 P's in project management? ›
They include process, people, proficiency, passion, patience and perfection.