Implementation Process, Lecture notes of Marketing Management

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MNGT 2218

Project Management

CENTRAL LUZON STATE UNIVERSITY

COLLEGE OF BUSINESS AND ACCOUNTANCY

Science City of Muñoz, Nueva Ecija 3120

Lecture 4.

Project Implementation

Process

Project Implementation

perhaps the most critical stage of the project

development cycle (Velasco, 1999)

where various interventions in the are executed to attain

the set goals and objectives.

Requires proper management, synchronization of

activities and timing in the actual play and scheme of

reality.

It shows the who does, what, when, how and where

The Process

A. Preparation of Detailed Project Engineering

 Finalization of technical design

 Formulation of specifications and cost estimations

 Preparation of contract documents and bidding operations

B. Arrangement of Legal Papers to Operate

 Business permit and licenses

 Municipal/mayor’s clearance

 Approval from city/provincial engineering office

 Registration from BIR, DTI, BO, DENR and concerned

agencies

 Others

The Process… continuation

C. Preparation Project Execution System

 Construction/installation plan

 Construction/installation organization

 Implementation schedule/time table

 Supervision / inspection

 Acquisition of operating inputs to begin

D. Conduct of Pre-operating activities

 Test runs

 Employee-pre trainings

E. Actual Project Implementation and Operationalization

▸ In setting project implementation strategies, the take-off point is the operational feasibility of the project. ▸ 2 considerations: ▹ Operational Feasibility ( in terms of political acceptability, legality and social soundness); and ▹ Operational Feasibility (in terms of organizational and managerial design best suited for the project considering its nature, manpower and other constraints including the environment in which to operate). Note:

Common Causes of Project Failure ▸ Pre-maturely implementing a project without considering other components. ▸ Overestimation of benefits and underestimation of costs that may lead to un-attainment of target, and delayed implementation and cost overrun. ▸ Poor technical judgement ( assumption that respondents will respond positively or negatively). ▸ Interpersonal conflicts and political interference

Common Causes of Project Failure ▸ Interpersonal conflict and political interference that leads to temporary paralysis of the project. ▸ Untimely and inadequate release of funds ▸ Diversion of funds to other use ▸ Others

Common Causes of Failure : Agribusiness Enterprise ▸ Poor credit collection ▸ Inventory mismanagement ▸ Unattended business activity due to overlapping functions ▸ Lack of market0orientation ▸ Competition ▸ Family pilferage ▸ Low sales ▸ Others

Risk-taking Becomes Less-Risky ▸ Your First Consideration ▸ Do not rush into things that you cannot handle ▸ Your Management Team ▸ Develop common value system ▸ Be selective in your choice of manpower ▸ Financial Consideration ▸ Ensure adequate capitalization ▸ don’t” give-away” your equity

Risk-taking Becomes Less-Risky ▸ Leading and Managing People ▸ Pay for performance, especially for long-term performance ▸ Don not afraid to delegate ▸ Encourage entrepreneurial thinking throughout your organization

Performance Tasks/ Assignment: ▸ Prepare a list of basic requirements to register a project in 2 agencies. ▸ Get /download 5 sample forms or registration paper, business permit, licenses from 5 agencies. (Note: 1 form and list of requirement per agency)