These slides were developed for UVA Darden’s course Fundamentals of Project Planning and Management.

They are provided for your

personal use while participating in this course. Please do not share or distribute them.

Fundamentals of
Project Planning and
Management
Week 1: Why Plan

Yael Grushka-Cockayne

Drucker’s Effective Executive

An (action) Plan is:
• Statement of intentions ≠Commitment
• Not a straitjacket
• Should be revised often
• Should anticipate the need to be flexible
• Needs a system for checking the results against expectations
• Becomes the basis for executive time management

(Drucker 2006 )

1
These slides were developed for UVA Darden’s course Fundamentals of Project Planning and Management. They are provided for your
personal use while participating in this course. Please do not share or distribute them.

Project Life-Cycle
Initiate Plan Execute Close
•Establish •Identify Scope •Monitor •Sign off
organization •Identify tasks, •Communicate •Conduct a
•Project Charter dependencies and report formal post-
and Definition and schedule •Correct and mortem
•Plan resources control
•Clarify trade-
offs and
decision
making
principles
•Develop a risk
management
plan

Project Life-Cycle

Initiation Planning Execution Close-out

Execution

Initiation Planning Execution Close-out