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"...This is an excellent program. I'm so glad that I stumbled on to this when researching for task management programs. Very low learning curv, quite flexible, and the price is right. Tried at least 20 other programs, either too complicated, too expensive, or poor documentation..."
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Project Identification Checklist

 

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Project Identification Checklist Project Identification Checklist is composed for organizations that need to certify business cases for starting new projects and developing connected opportunities. With a help of this checklist you can score and rank candidate projects, as well as determine resources that you may need to realize each project.


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The purpose of project identification:

  • Making sure a candidate project will pass through constraints of project formulation;
    These constraints are the following ones:
    • Lack of a viable or feasible project idea and concept;
    • Lack of comprehensive project definitions and realistic goals;
    • Lack/deficit of required resources and infrastructure;
    • Inability to overcome government restrictions;
  • Validation of business reasons for projects to be undertaken;
  • Establishing the objective ranking and selection of candidate projects;
  • Justification of financial interest and commitment of an organization;
  • Setting up a clear process for candidate projects to achieve finances;
  • Anticipating future needs in resources, including their quantities, capabilities and skills;
  • Avoiding over-commitment (overload) of limited resources; 

Complete certification of a business case:

  • Collect formal information to define a candidate project;
  • Engage technical analysts and other concerned experts into evaluation of gathered information;
  • Compile, format, and document a candidate business case into a Business Case paper;
  • Recognize the new candidate project with necessary corporate identities (project code, etc);
  • Submit the Business Case document to appropriate screening committee for review;
  • Elaborate or supplement the business case with additional information once requested;
  • If the business case is accepted, then address it to repository for further ranking and selection;
  • If the business case is rejected, then give an explanation for the rejection and consider redoing;
  • Update the business case once any additionally requested information is added and review it; 

Score and rank candidate projects:

  • Objectively score and rank the candidate projects that are listed in the corporate repository (see this Project Scoring Checklist for more information);
  • Research character of opportunities identified through the business cases:
    • Radical Innovation – a breakthrough change in business or technology;
    • Complementary Innovation – changes for optimization to improve existing situation;
    • Exploration – expansion and development of existing things;
  • Examine every opportunity to learn how it can result into profit if realized by organization;
  • Evaluate target dates of all candidate projects to figure out their urgency;
  • Evaluate the total business impact and review a variety of effects associated with each project;
  • Evaluate scales, costs and durations for all projects to learn their fitness to corporate standards;
  • Assess risks connected to all candidate projects;
  • Make a decision by using criteria for identifying the most worthwhile project among candidates;

Evaluate and determine project resources:

  • Finally select a single candidate project based on its scoring and preliminary resource needs;
  • Identify the critical project needs (people, technology, money);
  • Estimate investment size and make a projection on the payoff scale and period;
  • Set criteria to identify expected requirements for amounts and capabilities of future resources;
  • Identify future employment opportunities, and future training ...


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