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In an era of fast changing technologies, short product cycle, and keen competition in a global economy, organizations all over the world place a lot of emphasis on project management. Timely completion of projects with optimal use of resources not only influences the profitability of Fusis, but also brings competitive advantages to the customer.

We have formulated a set of procedures and methods as per international standards, which are followed for planning, and execution of software projects. The following diagram depicts the core of the PM process at Fusis.

Project Initiation:

Any new project requires the whole organization to work as a team. The sole aim of this stage of project management is to get the maximum input and commitment from all the concerned departments. The process lines up software development activities from beginning to ensure smooth functioning throughout the project life cycle. The core process is to initiate and define the scope of the work.

Project Planning:

Planning is a major activity of a project. Our experience over the years has shown that time spent in planning has given significant returns. Our software process lays a lot of stress on planning.

Execution Processes:

This is the stage of the project where all the components identified in the project plan come together in practice. This process aims to accomplish the tasks of the project by setting project resources at work. It includes a number of core and facilitating processes.

Controlling Process:

Project controlling process supports the project planning and schedule process, by providing adequate visibility into actual progress results against planned. The sole aim is to provide the valuable input to achieve set target in the project management plan. It focuses on taking preventive or corrective action as per requirement to ensure timely completion of the project maintaining quality standards.

Closing Process:

Project closure is a very significant activity, as it reflects the total sum of all the effort made in the project. This covers all the post-release activities starting from request for closing till the end of the safe archival of all the project related information. This process ensures closing activities are pre-planned and executed as per the schedule.

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Q: What are the processes required to ensure timely completion of the project?
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Related questions

In Microsoft Project 2002 the matching of a resource to a specific task to ensure completion of that task is known as?

Assignment


Match the project role and interested party to the corresponding responsibility for which they are responsible?

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How the scope plan being used in managing projects?

helping the project manger to outline what work will be done, and ensure that all the required work and only the required work is performed to complete the project successfully.


How the scope plan is being use in managing projects?

helping the project manger to outline what work will be done, and ensure that all the required work and only the required work is performed to complete the project successfully.


What are the main responsibilities of quality assurance and quality control?

Quality assurance is responsible for designing and implementing processes to ensure quality standards are met throughout a project or production. Quality control focuses on executing those processes to monitor and test the quality of products or services to identify and correct any defects or issues. Both functions work together to ensure that the final deliverables meet the required quality standards.


Who is overall responsible to ensure that there is a valid back-up plan should contractors fail to provide the required support?

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Project managers are responsible for planning, executing, and overseeing projects from start to finish. They facilitate communication and collaboration among team members, set project goals and timelines, allocate resources, and monitor progress to ensure successful completion within budget and schedule constraints. Additionally, project managers often act as a liaison between stakeholders, clients, and team members to ensure all parties are informed and aligned.


What will be done under project closure?

Project closure refers to a set of tasks that are required to formally end the project. There are two kinds of projects that you need to close formally: • Completed projects - A project that has met its completion criteria falls into this category. • Terminated projects - A project that was terminated before its completion falls into this category Project closure includes the following activities: • Activities to verify that all deliverables have been provided and accepted • Activities to confirm that all the project requirements, including stakeholder requirements, have been met • Activities to verify that the completion or exit criteria have been met • Activities to ensure that the project product is transferred to the right individual or group • Activities to review the project for lessons learned and archive the project records You need to obtain final closure, such as acceptance signoffs, contract closure, or receipts for both the in-house part and the procurement part of the project and from both internal and external vendors and customers. You perform this task by using standard accounting practices and following the relevant organizational and legal procedures, such as SOX compliance.


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What is the scope of a project?

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What is project closuer?

Project closure refers to a set of tasks that are required to formally end the project. There are two kinds of projects that you need to close formally: • Completed projects - A project that has met its completion criteria falls into this category. • Terminated projects - A project that was terminated before its completion falls into this category. A project can be terminated at various stages for various reasons. Some examples are: o The project management plan is not approved for whatever reason. o The project has been executing, but you have run out of resources, and no more resources are available. o The project has been cancelled because it was going nowhere. o The project has been indefinitely postponed because there is not a large enough market for the product it would produce. A project, in general, may have in-house activities i.e., project activities being performed within the performing organization and procurement activities. Accordingly, there are two aspects of project closure: • Close the in-house activities of the project. • Close the procurement part of the project. Project closure includes the following activities: • Activities to verify that all deliverables have been provided and accepted • Activities to confirm that all the project requirements, including stakeholder requirements, have been met • Activities to verify that the completion or exit criteria have been met • Activities to ensure that the project product is transferred to the right individual or group • Activities to review the project for lessons learned and archive the project records