Project-Management.com’s Top 3 Software RecommendationsLet Monday.com work for you.Start Free TrialWork smarter with Wrike.Try for FreeIncrease productivity with Smartsheet.Try Smartsheet for FreeWhat is Project Identification?
This activity has one key feature: Recognizing that identifying potential projects should be done on a regular basis and not just once a year is the key. It is important to examine the resources and capabilities available when reviewing projects for approval. If there are no business analysts available, it is futile to assign a new major project that requires extensive discovery of business needs. Project Identification is followed by Project Initiation.
It is important to remember that project identification can be made easier by implementing project management tools. PM software helps managers and team members stay informed about upcoming company needs. It also shows teams which people and resources are best suited to a project. Project management tools allow teams to better manage risk. A PM tool can help managers determine where and how the project should fit in their team’s priorities, especially if it will take a significant amount of time. These are five of the most effective project management tools. Keep them in mind as you go through the project identification process. They can help teams identify more projects and plan each stage better.
Description of the process
Project Identification is a repeatable process that documents, validates, ranks, and approves candidate projects within an organisation.
Purpose of the Process
It is important to establish a stable process to approve projects for initiation due to changing financial conditions within the organization. This process will…
Validate the business reasons for each candidate project.
Provide the necessary information to make informed financial commitments for projects.
It is important to establish a more objective ranking for candidate projects.
You can match skilled resources more effectively to the right projects.
Limit your skill set by not over-allocating it.
Future human resource needs and skills should be anticipated.
Give a solid basis for staff training.
Project Initiation will be faster and more efficient.
It is important that the process is well-defined and simple to follow, as priorities, finances, and resources can change at any moment. It is important that the value of this process is understood by business leaders and supported by them.
This process is for proposals that…
These projects are large and will take a lot of time.
It is essential to coordinate closely with other active projects.
Will use emerging or new technology.
This will require a new work process.
These products are intended for a new market or unproven customer.
This will have an impact on many departments and organizations.
They are crucial to the success and growth of the business.
This process is not for operational requests (Type 3), which may be handled directly at the IT Help Desk, or small initiatives (Type 2), which are routed to IT Managers and scheduled for execution immediately.
1.0 CERTIFY BASE CASE1.1 Document Business Case. Evaluate all Candidate Project Data that has been provided by the requesting organisation or that has been gathered from a technical analyst. Send an Information Request to the requester if you require additional information. This information should be formatted into a Business Case. Assign the Candidate Project an additional Project Code.
1.2 Review Business Case. The Business Case will then be reviewed by a screening body that has the corporate authority to accept/reject a Candidate Project. The Candidate Project is stored in a repository for ranking or selection once a Business Case has been accepted. Additional information