Developing a Major Project: Eight Ways to Improve Planning

January 17th, 2019 by blogadmin Leave a reply »

As companies grow in complexity and size, so do their projects. Executing these major projects can be either massively beneficial or unfortunately troublesome. On the one hand, bigger projects usually involve a lot more people or teams and higher funding, which allows for more diverse ideas to be explored and carried out. However, having a larger number of people or moving parts can introduce unhelpful elements, such as increased chances for miscommunication or errors.

In order to get the best result out of your project, developing a plan of execution is often the best course of action. So which steps are the most effective for developing that plan? Below, members of Young Entrepreneur Council share their most effective tactical step in developing execution plans that work. Here’s what they advise:

  1. Define All ‘Whys’

The real, business-centric answer to why we are doing something is where most major problems on projects start. Complex projects will have lots of whys and it is important to capture all of them. From there, use prioritization to define measurable goals that achieve your “whys” to keep the scope of work on target and reactive to what’s doable alongside what’s impactful. – Adam Brazg, Bilberrry

  1. Begin at the End

An execution plan must begin at the end. Have a clear picture of what you want to achieve and build a ladder from the ground up, making each step an achievement before you reach the ultimate goal. – Elisabeth Swardstrom, PixelFish

  1. Use Organizational Tools

Internally, we like to use a variety of tools to organize our plan of attack for upcoming projects or client work. We use Monday.com as a project management tool in order to keep track of individual itemized tasks that go into the project as a whole. I think having some kind of structured organizational tools will help a lot in executing and planning major projects. – Lorne Fade, VR Vision Inc.

  1. Sell the Team on the Idea

The first step to any project is to sell yourself and your team first. Once you sell the team, then you can effectively raise capital, and sell everyone else on it. Without this 110% belief, the project is doomed to fail. – Tarry Summers, KP Real Estate Group

  1. Build the Right Team

One of the most important steps in developing an execution plan for a major project is ensuring you have assembled the right team. Each project is different, but you must make sure you have a mixture of vision, strategy, project management and execution. Without the proper mix of skills, you’ll fail. Vision without execution is a hallucination. – Craig Haynie, AtlanTech Resellers, Inc DBA CablesAndKits

  1. Hash out A Plan With Leaders

Get all the people involved in a room to hash out the plan. Have all the decision makers in a room in a distraction-free environment: Anyone and everyone that need to have a say must be in the room. Then mentally walk through the journey of implementing the plan top down, starting with customer or end-user journey, and then going down to the details of meeting her or his needs. – Bramh Gupta, RoboMQ

  1. Envision the Ideal Outcome

When creating a strategic execution plan for major projects, always start by envisioning the ideal outcome. What are we looking to achieve? What specifically defines that outcome? How long do we project it to take to complete? From there, tactically work backward, identifying the milestones that need to be hit to complete the major project. This will give you a clear roadmap to get started. – Connor Gillivan, FreeeUp

  1. Dedicate Time to Prepare

As a leader, you will see more — and see earlier — than the others around you. Processing what you see into the most successful team execution plan requires quiet and dedicated space. In leadership, private preparation is the source of public power. The most tactical step in developing an execution plan is to dedicate the first hour of your work day, focused and uninterrupted, to preparing your plan. – Caroline Beckman, Nouri Life

Source: All the above opinions are personal perspective on the basis of information provided by Forbes and contributor Expert Panel, Young Entrepreneur Council.

https://www.forbes.com/sites/theyec/2019/01/16/developing-a-major-project-eight-ways-to-improve-planning/#1e9889d6ea2e

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