Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,210 --> 00:00:03,440 Once the project management plan is ready, 2 2 00:00:03,440 --> 00:00:06,530 hold a meeting with the stakeholders to review it 3 3 00:00:06,530 --> 00:00:09,633 and obtain redirection or final approval to proceed. 4 4 00:00:11,030 --> 00:00:12,960 Sponsor attendance is essential 5 5 00:00:12,960 --> 00:00:15,000 to provide any required budget input 6 6 00:00:16,590 --> 00:00:18,590 and customer attendance is essential 7 7 00:00:18,590 --> 00:00:21,413 to provide any required scope or schedule input. 8 8 00:00:22,860 --> 00:00:26,180 Walk through the plan, answer any questions, 9 9 00:00:26,180 --> 00:00:28,790 and if any changes are requested, 10 10 00:00:28,790 --> 00:00:30,480 request time to meet with the team 11 11 00:00:30,480 --> 00:00:32,490 to coordinate the updates, 12 12 00:00:32,490 --> 00:00:36,113 and then bring back a feasible plan for another review. 13 13 00:00:37,620 --> 00:00:40,170 To implement any requested changes, 14 14 00:00:40,170 --> 00:00:43,250 give stakeholders options whenever possible, 15 15 00:00:43,250 --> 00:00:46,453 especially among scope, time, and cost trade-offs. 16 16 00:00:47,320 --> 00:00:49,630 For example, to reduce schedule, 17 17 00:00:49,630 --> 00:00:51,970 you might be able to either spend more money 18 18 00:00:51,970 --> 00:00:53,883 or move some scope to a later phase. 19 19 00:00:55,390 --> 00:00:58,740 But whatever you do, always remember, 20 20 00:00:58,740 --> 00:01:00,920 the ethical project manager has a 21 21 00:01:00,920 --> 00:01:03,740 professional responsibility to never 22 22 00:01:03,740 --> 00:01:05,490 propose a project plan 23 23 00:01:05,490 --> 00:01:08,350 that does not have enough time and cost 24 24 00:01:08,350 --> 00:01:09,800 to achieve the planned scope. 25 25 00:01:10,930 --> 00:01:14,200 It's not only crazy and a career limiting move, 26 26 00:01:14,200 --> 00:01:15,373 it's unethical too. 27 27 00:01:16,970 --> 00:01:19,060 Also always remember, 28 28 00:01:19,060 --> 00:01:21,430 a project without a sufficient risk reserve 29 29 00:01:21,430 --> 00:01:23,213 is already over budget. 30 30 00:01:24,490 --> 00:01:27,543 Don't let anyone force you to reduce the risk budget. 31 31 00:01:28,670 --> 00:01:30,860 If a senior stakeholder orders you 32 32 00:01:30,860 --> 00:01:33,490 to reduce a risk budget that was professionally sized 33 33 00:01:33,490 --> 00:01:35,240 by the team with the best practice process 34 34 00:01:35,240 --> 00:01:37,060 described in this chapter, 35 35 00:01:37,060 --> 00:01:41,000 then politely but clearly make sure they understand 36 36 00:01:41,000 --> 00:01:44,310 they are then responsible for any shortfalls, 37 37 00:01:44,310 --> 00:01:46,100 and make sure their direction is recorded 38 38 00:01:46,100 --> 00:01:49,293 in the issues log or other formal documentation. 39 39 00:01:51,000 --> 00:01:53,030 As the accountable project manager, 40 40 00:01:53,030 --> 00:01:55,920 it is your job to protect the sponsor, 41 41 00:01:55,920 --> 00:01:58,010 customer, and team. 42 42 00:01:58,010 --> 00:02:00,610 So always T3, 43 43 00:02:00,610 --> 00:02:02,600 tell the truth, 44 44 00:02:02,600 --> 00:02:05,753 especially about budget and schedule. 45 45 00:02:07,830 --> 00:02:10,400 Always keep the triple constraint balanced. 46 46 00:02:10,400 --> 00:02:12,220 Most importantly of all, 47 47 00:02:12,220 --> 00:02:14,050 at the end of planning, 48 48 00:02:14,050 --> 00:02:17,053 before execution even begins. 3999