Project Evaluation and Closure Business Resources

Question: Describe about the Project Evaluation and Closure for Business Resources. Answer Closure Checklist The manager along with the team members must make sure that all the milestones have been achieved and the list of deliverables decided upon have been handed over The manager along with the team members must make sure that the closure report has been submitted and approved The manager along with the finance related resources must make sure that there are no pending financial activities to be cleared The manager must make sure that feedback on the resources has been submitted The manager along with the contractors must make sure that contracts around suppliers and vendors have been cleared off The manager must make sure that the resources have been released from the project (OpenLearn, 2016) Project Evaluation Outline Management of Value (MOV) related to the project will be evaluated on the basis of following set of activities. The impacted areas will be listed down and their share of impacts will be devised which would then be compared with the earlier estimated values. Value assessment activities will be executed and the final value will be compared with the estimated value. The list of targets achieved will be noted down and their exact percentage will be devised which would then be compared with the earlier estimated values related with the same (Miller, 2008) Number of change requests and the final change management report will be evaluated The comparison between the actual and earlier estimated values will showcase the evaluation result if MOV. Reflection There were a number of lessons that the project team acquired during the entire project cycle. The project lasted for a considerable amount of time and the same enabled the resources to gain technical, operational and managerial skills. There were a few occurrences of risks during the project life cycle that enabled the team members to learn the importance of following the best practices at all times and also gave them an experience on handling the emergency work situations. The team also witnessed the significance of some of the activities that are usually not considered important but hold an immense value such as monitoring, testing and review of the tasks. These skills and knowledge were distributed excellently due to the wonderful leadership and managerial policies as the backbone of the same. The project was based upon the PMBOK project management methodology which not only assisted the managers to handle all of the project activities with utmost perfection, but also aided the resources to acquire skills on the management specific tasks. Required Skills Set for ICT Project Manager ICT Project manager play a very important role in the project and is involved in project during the entire project life cycle. It is necessary for the manager to possess a certain set of skills to make sure that the management activities are done accurately and with perfection. The primary skill that the ICT Project Manager should have expertise in is the communication ability. Communication is the key activity that is present in every project and it is essential for the manager to effectively communication with the internal team members and the external stakeholders as well. It would allow the manager to bring forward the requirements and expectations clearly and in an easy to understand manner. The next set of skills shall include negotiation capabilities and leadership qualities that are equally important for the ICT Project Manager for effective interactions, decision making and bringing together all the resources on one platform (Mmu, 2016). The manager must also have the abilities to understand the technical details associated with the project in order to carry out effective monitoring and reviews. The same would allow the manager to validate and verify the project progress correctly and ensure timely delivery for good customer feedback. There are often scenarios wherein employees do not yield their complete productivity and usually the cause of the same is the employee dissatisfaction. The primary asset for the manager is the project team and the manager must be able to execute required resource management along with application of human resource policies that may allow the team to be satisfied. Team building and collaboration skills are a must for the manager. Ethics is one area that is the prime responsibility of the manager to make sure that the team working under him/her complies with it completely. The manager must carry out ethical practices for the team to follow and shall also possess the code of conduct and th e ethical standards that are followed in the organization. Legal policies, regulatory policies and quality standards are the three areas in which the manager shall have the required knowledge and skills to avoid the risks associated with each. References Hughes, J. and Nieuwenhuis, L. (2016). A Project Managers Guide to Evaluation. [online] Available at: https://www.pontydysgu.org/wp-content/uploads/2008/02/EvaluateEuropeVolume1final.pdf [Accessed 11 Oct. 2016]. Miller, S. (2008). Overview of Measurable Organizational Value (MOV) Sheep Guarding Llama. [online] Sheepguardingllama.com. Available at: https://www.sheepguardingllama.com/2008/01/overview-of-measureable-organizational-value-mov/comment-page-1/ [Accessed 11 Oct. 2016]. Mmu, (2016). A checklist for project managers. [online] Available at: https://www2.mmu.ac.uk/media/mmuacuk/content/documents/bit/Project-Checklist-v6.pdf [Accessed 11 Oct. 2016]. OpenLearn, (2016). Completing the project. [online] OpenLearn. Available at: https://www.open.edu/openlearn/money-management/management/business-studies/completing-the-project/content-section-2.2.1 [Accessed 11 Oct. 2016]. Suvedi, M. (2016). Conducting Program and Project Evaluations. [online] Available at: https://msu.edu/~suvedi/Resources/Documents/4_1_FS6.pdf [Accessed 11 Oct. 2016]. Tilkin, G. and Biesen, A. (2016). Project Evaluation. [online] Available at: https://www.mice-t.net/Evalcom2.pdf [Accessed 11 Oct. 2016].