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Every project management professional will admit that planning and organisation are major parts of project management as well as the implementation of created plans. This article will give you a project management step by step guide. A project itself, is described as a specific start undertaken with parameters designed to be followed in order to produce a defined outcome. A project holds its own against ongoing processes due to the fact that it has a specific start and end date whereas processes can be ongoing for an unidentified period of time.

Rank Candidate Projects: When requested, all Candidate Projects that are in the repository should be objectively ranked in order of significance. The ranking criteria should include Target due dates, Impact on the total business, Impact on the technology architecture, Impact on other applications, Project size, cost and duration and Project risk.

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It will be helpful to rank projects against each of these criteria separately and then compile a single ranking that weights each of these criteria against each other. This ranking process is typically used to feed quarterly budget decisions but may be requested at any time.

Evaluate Resources: An updated Skills Inventory should be maintained for all corporate (Business Unit and Information Technology Department) resources that are available for project assignment.Additionally, an inventory of available contract resources should also be captured. The purpose of this Skills Inventory is to understand the true capabilities and capacities of these resources.

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