1. Project Model
Otto Husby
Cimple AS

2. Project model Benefits realization Feasibility study Planning Planning
Start
project
Start execution
Start closing
Business case
Benefits realization
Feasibility study
Planning
Planning
Execution
Execution
Closing
Tender and contract
Project charter
Project
plan
Status reports
Handover
Final
report
Contract

3. Feasibility study Purpose:
To identify, define and quantify benefits in a business case for the purpose of choosing the right projects.
Activities:
Appoint a team
Identify, define and quantify needs and benefits
Involve stakeholders
Identify risks (threats and opportunities) that could affect benefits
Define various project deliverables, with associated rough time and cost estimates
Evaluate alternatives
Write a business case
Appoint a project owner

4. Tender and contract phase
Purpose:
Win the contract and create the best possible starting point for a successful project
Activities:
Receive and review an ITT from the client
Appoint a tender team
Plan the tender and contract phase
Draw up a robust tender, including scope of work, schedule, cost estimate and contingency buffers for both schedule and cost.
Send the tender to the client
Plan and carry out contract negotiations
Sign the contract
Appoint a project owner

5. Planning phase Purpose: Activities:
To draw up a robust and realistic project plan
To verify that the business case is still valid
Activities:
Draw up a project charter
Organize the planning team –
Hold a kick-off meeting – agree on objectives and constraints
Make a plan for the planning phase
Ensure an effective and rapid project start-up
Define the scope of work
Create a schedule and cost estimate
Create a resources plan for the execution phase
Perform a risk analysis and draw up a risk register
Update the schedule and cost estimate by adding contingency buffers
Perform a stakeholder analysis
Put together the project plan
Update the business case
Present the project plan and business case to the project owner

6. Execution phase Purpose: Activities:
To perform the work defined in the activity descriptions
To change the scope of work to increase the benefits
Activities:
Get work underway
Follow up progress
Report progress
Organize and lead the execution team
Manage deviations and risks
Manage changes
Communicate with stakeholders
Hand over the project deliverables

7. Closing phase Purpose: Activities:
To document lessons learned and formally close the project
Activities:
Sum up the project’s progress
Draw up a plan for any outstanding work
Assess project objectives against actual performance and results
Document all the lessons learned during the project
Write the final report
The project owner releases the project manager and themselves for deployment elsewhere
The project owner decides that the project is formally closed

8. Benefits realization Purpose: Activities:
To realize the benefits defined in the business case
Activities:
Implement/use the project deliverables
Assess benefits realization at regular intervals
Document lessons learned for use as input for future investments