Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,350 --> 00:00:03,518 Now, let's talk about the most 2 2 00:00:03,518 --> 00:00:06,876 substantive stage in the project management life cycle, 3 3 00:00:06,876 --> 00:00:07,709 planning. 4 4 00:00:09,036 --> 00:00:12,093 Initiation is important because it sets up planning 5 5 00:00:12,093 --> 00:00:13,715 so it can be effective, 6 6 00:00:13,715 --> 00:00:18,715 but it's planning that makes the actual project successful. 7 7 00:00:18,763 --> 00:00:21,575 Here's another great quote from Eisenhower. 8 8 00:00:21,575 --> 00:00:25,742 "Plans are worthless, but planning is everything." 9 9 00:00:27,295 --> 00:00:30,044 He was exaggerating about plans being worthless. 10 10 00:00:30,044 --> 00:00:31,426 What he meant was, 11 11 00:00:31,426 --> 00:00:35,299 you must expect your plans will change once you start. 12 12 00:00:35,299 --> 00:00:37,576 However, the important point is, 13 13 00:00:37,576 --> 00:00:41,040 they are just modifications to an existing plan, 14 14 00:00:41,040 --> 00:00:43,436 which is a lot easier than having to constantly make up 15 15 00:00:43,436 --> 00:00:45,853 whole new plans from scratch. 16 16 00:00:47,501 --> 00:00:49,304 Planning is the most important stage 17 17 00:00:49,304 --> 00:00:51,372 in the project management life cycle, 18 18 00:00:51,372 --> 00:00:53,656 because it's where we put together an execution strategy 19 19 00:00:53,656 --> 00:00:55,615 that can get the job done, 20 20 00:00:55,615 --> 00:00:58,833 and be easily monitored and controlled, 21 21 00:00:58,833 --> 00:01:01,643 and determine the scope, schedule, budget, and risks 22 22 00:01:01,643 --> 00:01:06,643 so we know what we are getting into before we start. 23 23 00:01:06,685 --> 00:01:08,914 In other words, planning is more 24 24 00:01:08,914 --> 00:01:11,216 than just a documentation exercise, 25 25 00:01:11,216 --> 00:01:14,905 it's a project improvement exercise. 26 26 00:01:14,905 --> 00:01:17,595 When we plan an effort through beforehand, 27 27 00:01:17,595 --> 00:01:22,595 we end up with a project that is less work, faster, cheaper, 28 28 00:01:23,621 --> 00:01:27,204 and much less risky when we actually do it. 29 29 00:01:28,724 --> 00:01:30,902 The reason many people don't like planning 30 30 00:01:30,902 --> 00:01:32,309 is they've been involved in 31 31 00:01:32,309 --> 00:01:34,650 long, dysfunctional planning exercises 32 32 00:01:34,650 --> 00:01:37,210 that didn't end up being useful. 33 33 00:01:37,210 --> 00:01:40,690 However, using the project management best practices, 34 34 00:01:40,690 --> 00:01:42,960 we can very efficiently baseline 35 35 00:01:42,960 --> 00:01:45,718 a clear and useful project plan 36 36 00:01:45,718 --> 00:01:49,635 using only about 5% of the project effort. 37 37 00:01:51,409 --> 00:01:54,199 The following sections describe the practical essentials 38 38 00:01:54,199 --> 00:01:57,366 of how to plan your project, including 39 39 00:01:58,525 --> 00:02:01,203 the purpose of planning, 40 40 00:02:01,203 --> 00:02:05,783 a one-page flow chart of the entire planning process, 41 41 00:02:05,783 --> 00:02:09,365 assembling the core project team, 42 42 00:02:09,365 --> 00:02:11,615 gathering the requirements, 43 43 00:02:12,564 --> 00:02:15,064 defining a top-level solution, 44 44 00:02:16,163 --> 00:02:18,580 identifying the deliverables, 45 45 00:02:20,209 --> 00:02:22,792 figuring out the project logic, 46 46 00:02:25,151 --> 00:02:26,818 estimating the work, 47 47 00:02:28,031 --> 00:02:29,864 building the schedule, 48 48 00:02:31,081 --> 00:02:33,498 finalizing resource planning, 49 49 00:02:34,951 --> 00:02:36,618 baselining the cost, 50 50 00:02:38,132 --> 00:02:41,728 the essentials of procurement planning, 51 51 00:02:41,728 --> 00:02:43,811 risk management planning, 52 52 00:02:44,979 --> 00:02:47,777 communications planning, 53 53 00:02:47,777 --> 00:02:52,777 and documentation review and approval of the project plan. 54 54 00:02:53,111 --> 00:02:55,219 The final section provides a summary checklist 55 55 00:02:55,219 --> 00:02:57,052 of all the key points. 56 56 00:02:57,960 --> 00:02:59,460 Let's take a look. 4721