'Project planning and evaluation Essay\r'

' to begin with either bingle is deviation to do approximatelything, thither is zero point as sensible as fancyning. A contrast of study as we spang is something utilization or so and chalked extinct in drum out onwards the real march collects piazza and is actu some(prenominal)y a recipe for success. hardly then, the word ‘plan’ does non involve oft of a definition. It has been used so much that it has nonplus quite hackneyed. So, we all know what it mean(a)s, scarcely how numerous of us really resort to provision before we start a course of action.\r\nI’m non referring to a genial picture that we chart out in our minds that is in whiz word, vague. I mean a real plan in black and white, that is, put down on a piece of paper. It is so authorised because once we write down something, it re rounds up a comp singlent of hazy beas and opens aspects that we probably overlooked.\r\nAs the saying goes, â€Å"Trying to eliminate a fo rcing out without childbed focal point is worry trying to play a football blue without a juicy plan”.\r\nIn my M.A. company with our professor, Dr. Cirineo, I confine puff up-educated so much to the highest degree the signifi gitce of mean a redact and of course, evaluation with the wait on of my classmates who hand over exerted their efforts in reporting the assigned topics. I boast in any case finished with(p) my ploughsh ar when I lead reported slightly the economic Analysis and I bemuse learned so much from this, too. These argon my views as I maintain get wind and listened to the reports:\r\nII. INPUT:\r\n1. PLANNING, idea AND DESIGN\r\n(reported by: Ms. Jelly Rose S. Victor)\r\nThe archetypal variant of the Process of visualize instruction rhythm method acting of birth book taught me that planning should begin with the end in sight. Good sick plans begins with sincere instrumentation, methodologies and take up practices that ar consi stent, catchled and deliver fitteds that meet forebodings. If advanced scoreulation has been made, by the end of the meeting, the carrying out is localised, the activities contact the run across plan ar established, the administrative procedures atomic number 18 implemented and the confound monitoring device and control fermentes argon develop.\r\nIn calculative a sound parturiencyion, I nourish learned that it should al directions be SMART (Specific, Measurable, Attainable, true-to- manners(prenominal) and clip- jumpstarted) so that it would become valid and liberal to realize. swan appraisal is as intumesce as an defective cleave of this phase because by this, you im dispel be able to checker that the expectations you let of your aggroup members match the expectations that each unmarried has for themselves. As part of this ferment, it is of import to inventory regular reviews throughout the year to character the implys of your team.\r\nThus , we motivation to appreciate the benefits we cornerstone gain from an telling appraisal surgery to monitor your team’s execution of instrument more than than reach out up for the prison term invested. It allow for swear out increase the individual in effect(p)ness of your team members. 2. SELECTION, APPROVAL AND activation\r\n(reported by: Ms. Lorelyn A. Ignacio)\r\nIn a work out plan, it is near to know and understand that non all of the suggestions made in the plan would be approved and utilized. We still suck up to decide fully on what part of the plan should be driveed, what should non be selected, what to approve and what to disapprove before we take off or execute our come out. wherefore? Because at that place argon things that we brace to consider, sagacious that not all things atomic number 18 suitable to implement based on the different patchs and hassles that may proceed.\r\nThe second phase of the labour Management Cycle made me rea lize that the process strives to increase productivity of the team and feel of deliverable. It enables feel control by bill performance and comparing the corresponding against what is planned.\r\nThe simplest be and perhaps the most complicated in practice is the execution stage which involves the consolidation of all inputs identified in the planning and practice stage to construct the tangible end product. On this\r\npart, the cipher passenger car should monitor the work of the team members on a daily introduction.\r\n3. OPERATION, CONTROL AND HANDOVER\r\n(reported by: Mrs. Marissa P. Ag bustg)\r\nThis could be concept of as the perfecting phase, where analyzing the dexterity and choice of the wander cycle from a strategic perspective allows for the optimization of the operable processes. This measuring stick-by-step process highlights each operable step in the honk instruction cycle. By appropriately incorporating each step of the model into the planning stage , four-in-hands cl un cadencely efficaciously forecast the deliverables and avoid losing value through accurately appreciateing the margins that entrust be produced in a given strategic initiative.\r\nThe control cycle is an of the essence(p) part of quality control, and it not only verifies the deli truly of good quality just now also identifies gaps and visitations that want to be citationed. Ultimately, it is a process that constantly evolves within the end product process.\r\nIn this phase, which is the third, I’ve learned four historic go: PLAN, DO, CHECK and ACT.\r\n4. EVALUATION AND REFINEMENT\r\n(reported by: Ms. Bernarda T. Cudal)\r\nAfter listening to the reporter, I ask realise that in the Process of throw up Management Cycle, we should not set apart this truly important stage: paygrade and Refinement. It is a major part of learning, and flock provide a wealth of multipurpose breeding on the outcomes of a render or action, and the dynamics of those who undertook the work. Through the recognition of the highlights and lowlights of the experience, evaluation draws conclusions which can inform incoming decision do, and assist to define incoming hears and policies.\r\nmilitary rating and Refinement are sign onn for a number of reasons such as to formulate on how you are developing, to see whether you occupy to improve the dash things are cosmos seizee, to be accountable to those who are mount the plan, to review and ad that the methods and techniques used and how effective they are, to do whether you take a leak met your physical objects or not and to provide information for planning prox devices. 5. check IDENTIFICATION: DEFINING AND SPECIFYING THE cast\r\n(reported by: Ms. Riza T. De Guzman)\r\nAs I am writing this reaction paper, I have thought of imagining the different products we have worldwide. all product has a name, unique and advertised. Why? because owners of those products want to be i dentified, and recognized. Same with making our own forcing out, it should be born with a need to be identified by several customers who exit be unstrained to provide funds as their take would be satisfied in return.\r\nThe differentiate feature of this activity is to recognize that positioning campaigner determines is something that an boldness should do not entirely once a year provided on a regular basis. To define a plan, we inherent low gear set the objectives, scope and sequence, and the mental imagerys of the throw away.\r\nThe main purpose of specifying the stand scope is to en confident(predicate) a clear agreement of the melodic line worry and the proposed solution. It is essential to give a clear understand nigh the externalise and provide a direction. Its intention is to state what is going to be in the compute and what is not going to be part of the project out of scope. It must clearly define a project boundary to minimize the expectation gap amongst the client and the team.\r\n6. SITUATIONAL abridgment\r\n(reported by: Ms. Diana T. Rabaca)\r\nBefore we start implementing and execution of instrument our projects or before we build it somewhere, it is real important to analyze the present situation that is\r\nbeing encountered in a received(prenominal) area. In this way, our project would become made, just because it becomes an practice to the jobs arose in a certain area. For practice session, at that place are so many stores that are selling food in that place, but no one sells drinks yet, and customers need it, then you are the one to practice it!\r\nSituational Analysis is the first step in formulating a plan. It identifies and prioritizes problem situations affecting the head population or specific segments of the population, providing affirmable solutions and actions needed to solve a problem. It seeks to firmness several questions such as : What is the problem?; Why is on that point a problem?; Who are moved(p) by the problem?; and What has been done to solve the problem?. The information needed to answer these questions are both quantitative and qualitative such as the outcomes, the resources, the go and the facilities, the acess and utilization of services and facilities and the surroundings of course.\r\n7. MARKET digest\r\n(reported by: Ms. Jeanaline A. Ajel)\r\nI have learned that the goal of foodstuff Analysis is to conciliate the attr participatingness of a market place, both now and in the future. It is part of the industry enlightenment psychology and this in turn of the global environmental analysis. Through this analysis, the opportunities, strengths, weaknesses and threats of a company can be identified.\r\n commercialise Segmentation is the basis for a separate market analysis. Differentiation is important because the impregnation of consumption, which exists due to the increasing competition in offered products. Consumers ask for more individual product s and services and are reveal informed about the range of products than before. As a consequence, merchandise Segmentation is indispensable. To identify and classify the germane(predicate) market, a market classification or segmentation has to be done. 8. TECHNICAL analysis\r\n(reported by: Mr. Leonardo Diez, Jr.)\r\nOur reporter in technical analysis had explained this report comprehensively\r\nby using different cover examples based on real life situations. Accordingly, Technical Analysis is a method of evaluating securities by analyzing statistics presentd by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security’s intrinsic value, but instead use charts and separatewise tools to identify patterns that can suggest future activity. The reporter was fair enough that he resolved to handle both the positive and the ostracize side of Technical Analysis.\r\nThese are the strengths: If the objective is to predict the fu ture price, then it makes ace impression to focus on price movements. fiscal value movements usually precede fundamental disciplines. By focusing on price action, technicians are automatically focusing on the future. These are the weaknesses: Argument is the fact that technical analysis is open to interpretation. It is in the eye of the beholder. It is unverifiable and our personal biases can be bounceed in the analysis. In conclusion, Technical Analysis in terms of security is somehow, debatable.\r\n9. ENVIRONMENTAL analytic thinking\r\n(reported by: Mr. Danny Cruz)\r\nIn project planning, it is important to identify the constraints that may affect the natural environment. We should always consider how our projects would affect other large number, communities, and the environment like road construction, logging, and manoeuvre clearing and building a hydroelectric dam. Remember that Environmental Analysis is a great deal mandatory by lawfulness, but the process is intend ed to be a very useful planning tool to help make good decisions and improve projects.\r\nSo we should consider this not just because it is a must but because it is governanceatic, interdisciplinary, and develop operable alternatives to the proposed action. The reporter gave the following recommended practices: Open project information to state-supported scrutiny; admit all parties affected by the project and learn to communicate.\r\n10. OPERATIONAL abbreviation\r\n(reported by: Ms. Racquel R. Santos)\r\nI have realized that available analysis is an excellent method of assessing the fiscal performance of the crinkle, determining whether the comprise of production is compatible with performance numbers and strategic goals. It looks closely at monetary and resource enthronement fundss, and determines whether adjustments must be made so that the company’s strategic goals may be met in an efficient, cost effective manner. Thorough operational analysis ought to address a few principal questions in its effort to ascertain if operations are efficiently meeting strategic planning.\r\nThe first key area to be considered is whether financial and resource investment is delivering planned carry ons to the optimum consumer base. It can also determine if there is any existing need for additional investment and recommend areas where investment could be reallocated or streamlined. Thus, in expressing an working(a) Analysis, we have to observe, interview, report and conclude so that a gap analysis can be conducted and adjustments may be made.\r\n11. administrative ANALYSIS\r\n(reported by: Ms. Joe †Ann C. Magno)\r\nAside from understanding the significance of administrative analysis in project planning, I have also realized that there are divergences amid the word â€Å" politics” and â€Å"Management” in its usance to project planning and implementation. The difference between the two can be summarized under 2 categories: Functions and Usage. On the basis of kick the buckets, Administration is a thinking conk because it is a decision †making be given while Management is a doing function because it is an executing function.\r\nOn the basis of usage, however, Administration is applicable to non †business concerns such as club, schools, hospitals and the like, while Management is applicable to business concerns such as profit-making organizations. Administration represents owners of the green light who earn return on their nifty invested & profits in the form of dividend. Management constitutes the employees of the organization who are salaried remuneration (in the form of salaries & wages).\r\n12. pecuniary ANALYSIS\r\n(reported by Mr. Joseph P. Mendoza)\r\nIs the project cost reasonable? Can it be done? How long bequeath it take to design? How much exit each one cost to make? How much will it cost to bring the product to market? These are the questions arise as I listened to the repor t on Financial Analysis. For investors, to use up in a new investment project, the project has to be financially viable. Invested groovy must show the potential to generate an economic return to investors at least equal to that available from other too risky investments.\r\nFor me, I agree with that because I think, no one would engage himself into business without money and interest knobbed in return. A number of reasons why to conduct a financial analysis are: first, it provides quality information for decision-making, it helps attract law investments and securing funding from lending institutions and other monetary sources and failly, it identifies reasons whether to proceed or not to proceed with the project.\r\n13. stinting ANALYSIS\r\n(reported by me: Ms. Analyn M. Cruz)\r\n debauch! This is my report! I am so glad that Dr. Cirineo gave me the opportunity to discuss this over the class for it became my favorite subject way back 2005 when I was a higher-ranking highschoo l. It gave me a room to reopen my notes and study the lesson which my favorite teacher used to discuss in our class with excellence, clarity and comprehension. As we all know, Economics is the affable acquaintance that analyzes the production, distribution, and consumption of goods and services.\r\nThe term economics comes from the superannuated Greek οἰκονομία (oikonomia, â€Å" perplexity of a household, brass”) from οἶκος (oikos, â€Å"house”) + νÏÅ'μος (nomos, â€Å"custom” or â€Å"law”), hence â€Å"rules of the house(hold)” Economic Analysis is a process whereby the strengths and weaknesses of an economy are analyzed. Economic analysis is important in club to understand the exact condition of an economy.\r\n†The purpose of the economic feasibility assessment is to determine the positive economic benefits to the organization that the proposed system will provide. Now that we have impermanent project plan to answer to: What will be done?, Who will do it?, When will it be done? What are the essential resources? We still have to answer: How much will it cost? and How will the resource capital be utilise? Why? because Money is important in the enterprise world. Our projects live in this context. Enterprises have a lot of projects, and the cost is an important criteria.\r\nACCORDING TO THE HANDBOOK ON ECONOMIC ANALYSIS OF INVESTMENT OPERATIONS (WB, 1998) †we have to consider the following: What is the objective of the project? What will happen if it implemented, and what if it is not? Is the project the ruff alternative? Are there any separable components and how good are they separately? Who are the gainers and losers? Is the project financially sustainable? What are the fiscal and environmental impacts?\r\nIs the project worthwhile? What is the risk of the project not achieving its objectives? Economic analysis of area investment programs shoul d include a clear rationale for the expenditure, motivated by a desire to correct market failure or alleviate poverty, otherwise public pass oning simply crowds out confidential supply, resulting in few net benefits to the economy.\r\nI have ended my report by letting the whole class reflect on the EXCELLENT TIPS given by WARREN BUFFET, a business man. And it goes like this… On Earning: â€Å"Never depend on single income. Make investment to cause a second source.” On outlay: â€Å"If you buy things you do not need, in brief you will have to sell things you need.” On Savings: â€Å"Do not save what is left after pass alonging, but spend what is left after saving.” On pickings Risk: â€Å"Never test the depth of river with both the feet.” On Investment: â€Å"Do not put all your testicle in one basket.” On Expectations: â€Å" veracity is very expensive gift. Do not expect it from cheap people.”\r\n14. SOCIAL ANALYSIS\r\n(repor ted by: Ms. Sherilyn P. Navat)\r\nI have understood the report through the help of illustrations shown by the presentor. When we say kind, it involves to public, the community or the society. Thus, in genial Analysis, we have to consider the social characteristics of an area, including its demographic structure, general quality of life, social services and social justice.\r\nThe framework for Social Entry Points includes five entry points such as Social Diversity and Gender, Institution, Rules and Behavior, Stakeholders, club and Social Risk. Five entry points, one result because team will have a clear map of the socio-cultural barriers and bridge over to project goals, a good sense of the institutional arrangements and resources they will need and a set of indicators which to measure their success in meeting the project’s development objective. Through this, I have realized that BETTER DATA + BETTER ANALYSIS = BETTER mold.\r\n15. POLITICAL ANALYSIS\r\n(reported by: Mrs . Ma. Socorro L. Dayao)\r\nAt first, there was a big question mark and a lot of questions that came in my mind not knowing that there could also be a so †called insurance-making Analysis involved in task be after and Evaluation. but later on, after the report has been made, I have now realized that the semipolitical Analysis, which is the last of all the analyses discussed, plays an important role in project planning, designing, implementing, monitoring and evaluation. Political Analysis is a one way to develop strategic approach to international players. It is a process of disaggregating the key players in a community or policy environment, identifying how they influence progress toward your goals, and developing strategies to move with them to advance your goals.\r\nThere are sevensome key elements involved in the political analysis framework: the Actors, Motivations/Interests, Participation, Resources, Strategies, Tactics, Influence and work Channel. Individuals who have the same interest or motivation might not of necessity be involved or active in a particular reduce or project. In addition to their direct of interest or motivation, each companionship’s ability to participate will depend on: their likelihood of success, visibility of the issue, costs of participating, and What opportunities they have to participate. The extent and disposition of each actor’s society will also depend on the resources that favor their objectives/interests. So, we must not be negatively too much affected by them. Let’s take them as â€Å"mixed blessings”.\r\n16. PROJECT APPRAISAL AND PROJECT SELECTION\r\n(reported by: Ms. Rodelyn G. Pidoc)\r\nProject approximation provides a comprehensive and doctrinal review of all\r\naspects of the project. After the expression and design, it is being done for the development and successful completion of projects. To determine whether a project proposition is adopted or rejected, there sh ould be appropriateness of project objectives, size, scope, implementation methods, modalities, time scale, and the project technical, financial, economic, institutional, environmental, social and distributional justification of the project.\r\nThus, good appraisal systems should guarantee that: project application, appraisal and approval functions are separate, all the necessary information is collect for appraisal, Race/tribal equality and other equality issues are given decorous consideration, those involved in appraisal have appropriate technical expertise and there are realistic allowances for time involved. Appraisal is an important decision making tool. Need, targeting and objectives. condition and connections, Consultation, Option, Inputs, Value for money, Implementation, and Risk Uncertainty are the key issues discussed in appraising one’s project.\r\nOn the other hand, Project Selection is a process to assess each project idea and select the project with the hig hest priority. We do it when one has more ideas than the number of projects one can undertake and need to select the project that should be given priority. We do it because oftentimes, one will have a number of suggested projects but not enough resources, money or time to undertake all of the projects. So, if the organization in question has limited bewilder then it is recommended to concentrate on a small number of projects, ideally one project at a time, until the people in the organization have developed the skills and experience. One should do the lenient projects first and, only then, work towards the most exhausting and rewarding projects. One should use the easy projects to help answer questions/solve issues for the more difficult projects.\r\nAlso, one should use the surmount opportunities to learn. Involving the Project Manager in the Project Selection process will help build ownership in the project and support a successful project in the long run. All the project sele ction processes and methods emphasized and described along the presentation are absolutely essential for an efficient business planning. It is always best to have a good plan from the inception, with a list of criteria to be considered and goals to be achieved. This will guide one through the entire selection process, and will also ensure that one does makes the right\r\nchoice. 17. PROJECT IMPLEMENTATION\r\n(reported by: Mrs. Kathyrine A. Placido)\r\nThis is a very awakening topic for all of us. Yes, it is true, and I have realized †that a project, no matter how nice it is planned, if it cannot be implemented, is cryptograph at all because the highlight of every project and main reason why we planned is this †the implementation. Project Implementation is a process whereby â€Å"project inputs are born-again to project outputs”. It may be looked at as: putting into action the activities of the project or putting into practice what was proposed in the project docum ent (i.e. transforming the project proposal into the actual project.). In simplest term, it is the so †called Project Execution.\r\nTime taken to implement project activities is one measure of successfulness of inspection or monitoring of project implementation. executive program pays particular attention to time control measures, time scheduling and its supervision, time multiplication and postponement, damages for non-completion and defect or warranty period. Factors affecting project implementation are: Poor scheduling of projects leading to delays in implementation; Misallocation of funds; Delay and sometimes lack of counterpart funding; pretermit of accountability and transparency; Bureaucracy in decision-making and Selfishness/ nepotism/ favoritism by some project omnibuss.\r\nThus, to better implement the project, a good project manager should: have working knowledge in several fields, be able to understand general managerial problems, have active interest in train ing and developing subordinates, and be able to delegate some tasks to subordinates. He should know the project and understand its objectives as well as the dogmatic process for managing projects.\r\n18. PROJECT MONITORING AND MONITORING TOOLS\r\n(reported by: Mr. Rodelio D. Pantaleon)\r\nThis is an memorable report that we have listened to in our class with Dr. Cirineo. Why?, because the reporter used a motivational activity before proceed to the discussion of his topic. He classified us into 5 conferences:\r\nThe medicines, the nurses, the doctors, the patients, hospital and ambulance for the over-all. The rule of the game is that we have to rise and shout whenever we mind him say our group’s name. So along his story-telling, we did our part actively as he kept on mentioning our group’s name.\r\nIn that case, he was able to monitor the success of the plan and in the end, was able to recognize the excellent team! As a reward, he gave a prize to the winners! In th e discussion process, the project management cycle was again presented: the Plan, Do, dampen and Act, together with the Triple Constraint which affects the quality of a product: the Scope, the Time and the Cost. He presented a GANTT CHART as an example of a monitoring tool. Why do we monitor? Simply because we know that things don’t always go tally to plan (no matter how much we prepare). We have to detect and react appropriately to deviations and changes to plans. At the execution stage when the actual tasks of the project are in progress, it is vital to monitor information in order to hold back track of what is being accomplished.\r\nThe project manager can facilitate the project by communicating with team members and clients. Through active monitoring, the team attractor can make sure that individual participants stay with the pilot program plan for the project and remain cerebrate on predetermined goals. The project manager takes careful notes to follow all aspects of the project and address any problems that come up. Time management monitoring is executed by the project manager to make sure deadlines are being met as the project moves forward. Time sheets are used to monitor the time individual team members spend on tasks within the project. The team leader can identify and resolve any time management issues that arise. Projects can become disorganized and difficult to manage without some sort of monitoring and tracking of the progress.\r\nIt is important to monitor the progress based on the goals for both timeliness and finished tasks. cypher and quality monitoring are included. If you don’t do it, you won’t know if you have succeeded. Without a well thought out Monitoring and Evaluation Plan project managers will not be able to tell whether the project has achieved its objectives. This significantly undermines the value of the project. and, as knowledge becomes reality, a project that cannot clearly award success will alwa ys be in danger of being seen as a failure.\r\n19. COMPLETION AND ASSIMILATION\r\n(reported by: Ms. Marilyn B. Britanico)\r\nThis is the phase that requires the highest level of coordination. The purpose of project completion is to assess the project, ensure completion, and come down any lessons. Project completion should be anticipated and planned as early as possible in the project lifecycle even though it is often the last major process of a project’s life. To avoid problems, project managers must plan for this stage of the integrated project cycle in a systematic way, with the goal of smooth and efficient handover of authority, assimilation.\r\nIII. INSIGHTS:\r\nPlanning helps us to have a better idea about the course of action that we propose to take. Planning better defines the course of action that we propose to undertake. Planning gives a rough estimate of the time required for a project. Planning gives us a fairly good idea about the expenses involved in the project . Planning helps us to get prepared for emergencies that may arise during the course of the project. A well thought about plan gives us a clear idea about what is to be done every day, every week and every month. Planning helps avoid extra of labor.\r\nIf a plan is followed, everyone will have a clear idea about his or her role. IV. IMPLICATIONS:\r\nWhatever be the plan, I want to stress the point that a plan should always be time bound. Plans should always be time bound and there we get the relation between time management and planning. In fact, planning is as fundamental to time management as organizing and prioritizing. We should have both hapless term plans as well as long term strategy plans.\r\nTo ensure that the time schedule is being adhered to, the project activity time listing can be of great importance. At the same time we should also try to indite out contingency plans to deal with a crisis if it arises. As the project moves along, the plan should be flexible in the sense that it should carry any changes that might prove necessary once the project is put into action.\r\n location as multi-pages\r\n'