Page 91 - Budgeting for Managers

Estimated Cost: Cost estimate from project team
Estimated Delivery Date: Delivery date estimate from project team
Purpose (Justification): The reason the company, or a part of the
company, should do the project.The value added to the company by
74 Budgeting for Managers
the project.The business justification.The return on investment.
Initial Situation: The starting point. Description of the current sys-
tem and the problem to be solved.
TEAMFLY
Current Situation: A status description of where the project is
today.This is updated regularly during the project. Current situation =
Initial Situation plus Completed Steps.
Goal (Detailed Description): The desired final state when the
project is complete and the product is in use and supported.A care-
ful, detailed, but non-technical description of what the system will do,
who will use it, and how it will be supported.
Work Plan: Consists of the items listed below.
Concept: Define the idea. Decide if it is worth doing.
Approval
List of tasks to get approval for the Concept Phase.
Analysis: Plan the idea in detail. Know exactly what the customer
wants. Decide whether to buy or build.
Approval
List of tasks to get approval for the Analysis Phase.
Design: Figure out exactly what we are making. Plan all the steps of
the rest of the project. Create the detailed budget and schedule.
Approval
List of tasks to get approval for the Design Phase.
Development: Do the work. Buy what you need. Put it together.
Test it and make sure it works.
Approval
List of tasks to get approval for the Development Phase.
Transition to Production: Create all the manuals and peripherals.
Deliver everything to the customer.Train the customer to use it and
support it, so they can get value from it without calling you for help.
Approval
Table 5-1. Quick project overview with field definitions (continued)

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