Post on 18-Jan-2016
Project Milestones & project budgeting
Morning session
What is a milestone? Mark critical points in completion of the
contracted work.
A significant development, event or accomplishment in your plan of attack
Achievements that help verify that the project is on track and on schedule
An essential component of good project management
Note: Milestones should be closely related to the anticipated project outcome/s, objectives and project budget
Milestones are used to:
Measure progress – management tool
Provide the basis for review & reporting
Give sponsors confidence that the project is on track & is well managed.
Getting started Define what you hope to achieve from the project.
The milestones should always relate back to your objectives.
Brainstorm ideas – what are the different tasks, steps that you will need to do to get to an end result?
List all the things you are going to do for each year of your 3 year programme & break these into definable chunks.
Identify the critical points, the key markers. These are your milestones.
Milestones need to include:
What will be achieved
Specific criteria (If the milestone can be interpreted in more than one way it is not specific)
Quality measures (These are particularly important if you have contracted someone else to do the work.)
Target date
Milestones also need to be realistic – do you have the capacity ($ and people) to achieve them?
Some examples
Submitted milestone Focus farm network operational. Target date:
Nov 2004.
Revised milestone Focus farm network involving 14 properties
spread throughout NZ operational. (Farms, community groups & facilitators selected & work programme agreed). Target date Nov 2004.
Example 1
Some examples
Submitted milestone Commence literature search. Target date: Feb
2005.
Revised milestone Literature review of community attitudes to
landscape planning completed according to agreed terms of reference. Target date Feb 2005.
Example 2
Some examplesSubmitted milestone First workshop undertaken Target date: Feb
2003.
Revised milestone First workshop on organic farming techniques
undertaken. (At least 20 participants in attendance) Target date Feb 2003
Just because you have held a workshop doesn’t mean that you have made progress. You might have been better to spend the money on something else. e.g. newspaper articles)
Example 3
Some examples
Submitted milestone Nitrogen treatments applied, trial regime and
measurement site decided for year 2, soils chosen for characterisation from other growing regions, gold spatial data collected from Zespri and soil data from EBOP, fruit softening data collected from Zespri and corresponding fertiliser data from suppliers, presentation in Zespri Kiwi-tech seminars completed on progress to date.(Target August 2005)
Example 4
Check! Ask yourself the question – will your milestones get
you to where you want to go?
Are all the milestones/tasks absolutely necessary? ie. If you leave this step out will it make a difference to the project?
Are there milestones missing? Are there steps or tasks that you need to include that you haven’t listed?
Are your milestones specific & measurable?
Milestones & project budget Use the milestones as the basis for preparing your budget.
Cost out each milestone using the categories in the budget sheet.
You must be able to justify the figures that you include in your budget.
Don’t forget to include budget provision for project management.
Confirm cash contributions
Assess in-kind contributions
In-kindIn-kind expenses are those which are incurred during the running of a project and are contributed on a no payment basis. They can include virtually anything which can be deemed a legitimate cost to the project.
In-kind contributions provide an indication of the level of community/group/industry support for the project and also provide the leverage to access funding.
You will need a reliable system for recording in-kind contributions. Costs included must be realistic and be able to be verified.
Recording in-kind contributions is an essential part of project management but how you do it is up to you.
Assessing in-kind Step 1: List all the different parties who potentially are contributors
to the project and the contribution they are likely to make.
Step 2: Assign the contributions to the categories as set out in the SFF claim form and draw up an in-kind budget. This will help you track progress overtime
Step 3: Devise a system for recording the individual contributions. Develop a system that works for you.
Step 4: Keep regular checks on how things are going. Ask your contributors to return an update each quarter of their in-kind expenses.
Remember: Recording in-kind contributions is a matter of horses for courses. It’s a matter of finding an approach that works for you and your group.
Setting up your project for success
Afternoon session
The project management process
•Milestones
•Budget
•Systems
•Contracts
•Mgt team
•Implement plan
•Action
•Coordination
•Communication
•Liaison
•Budget
•Milestones
•Feedback
•Research
•Mgt review
•Evaluate options
•Revise plan is necessary
P
D
M
I
Plan Do Monitor Improve
Key areas Management setup (i.e Committee, chairperson, project
manager, finance manager)
Contracts with providers
Communication – within and outside of the project group group
Monitoring & review (i.e. Having the right systems that enable you to assess how well you are doing)
Reporting (e.g 1/4 reports) – to SFF & Mgt committee
Capacity – does your group have the people with the skills and the time to manage the project?
Management Committee role
Governance/oversight Carry overall responsibility for the project Set and approve policies / operating
procedures etc Approve delegations Approve budget/budget variations Approve accounts for payment Act as link with different stakeholders
Chairperson’s role
Uphold the rules/constitution of the group Ensure the milestones are being achieved Act as chair at meetings Ensure that office bearers are for filling their
roles Represent the organisation to the outside world Have co-responsibility for sign-off of financial
reports/media releases To act on behalf of group in interval between
meetings
Project Manager's role Research & development of initial project Set milestones & prepare timeline Set up project/systems etc Source and contract suitable contractors Manage contracts Organise & oversee works programme Monitor progress Monitor budget in association with Finance Manager Project communication/liaison Project reporting Authorise all accounts & co sign-off Keep management committee informed
Finance Manager’s role
Control of bank account Budget preparation Pay accounts for approved expenditure Operate accurate cash book To be aware of current financial position To keep Project Manager & management team
informed on financial matters GST returns Produce a set of annual accounts
Contracts
Why do you need them? Gives you control over your project They clearly define what you expect of
your contractors/consultants Give you a mechanism for negotiation
on price. Basis of dispute resolution
Communications strategyWhy do you need one? To ensure that the projects key aims and messages are
delivered & are consistent & understood by all parties To build awareness of the project among a wider audience
and user group To secure commitment of key stakeholders to the project
aims To influence specific policies & policy makers To encourage participation among researchers and partner
bodiesCommunication principles To produce honest, succinct, credible & cost effective
communications To ensure that all communication is planned, timely and
consistent with key message To ensure all project communication is approved by the
appropriate person
Monitoring & review
For effective monitoring & review you must have the right systems in place.
It can take a while to set up right systems up but when you do the advantages will out way the disadvantages.
Good systems enable you to maintain control of your project & make adjustments where necessary.
Good systems give your project credibility
Reporting
Your management group requires good information to be able to make the right decisions and effectively manage the project.
SFF need to know that their funds are being used well That the work contracted will be delivered within the
timeframe, quality & $ promised. If work is not on track the right actions are undertaken
to rectify the problem. If contract variation is required it is not a surprise.
The ¼ ReportThe ¼ report should include: Milestone progress Additional results Proposed activities next ¼ Milestone variations Financial update Other
Management group feedback Stakeholder liaison Linkages with other projects Information dissemination Upcoming events
Capacity
Does your group have the necessary expertise or people with time to manage the project??