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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Project Preparation?
What is Project Preparation?    

What is Project Preparation?


Project Preparation is an attempt to identify and define project work (rough goals and objectives) and to establish an efficient decision making process for managing further planning and development of the project. It is a sub-phase of the Initiation phase to check and evaluate certain preconditions for appropriateness before the project is allowed for moving to the Planning stage.

Preparation sub-phase comes after identification sub-phase which aims to define a problem and select the most feasible solution to that problem. Project preparation can be also regarded as a process that aims to complete the following tasks:

  • Conceptualize the project
  • Establish goals and objectives
  • Issue Project Charter
  • Outline an implementation strategy
  • Develop preliminary cost estimates
  • Identify possible risks
  • Define roles and responsibilities
  • Select and appoint the project team
  • Carry out the kickoff meeting

The process is oriented towards developing a project organizational structure that is based on business drivers, project resources, and potential benefits.

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