Project Initiation Templates Released

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Today, Method123 Ltd announced that they have released a suite of templates for initiating projects.

The project management templates are the latest products added to their site Method123.com to help project managers to complete projects on time and under budget. "For the first time, project managers and teams can use comprehensive project management templates to start-up new projects" says Craig Nicholson, Technical Director for Method123.

"We have found that the most projects fail to deliver on customer expectations, due to lack of expectations set in the first place. By using these templates, project managers can properly define, scope and plan their projects, before they kick-off. This helps set expectations with the customer for what the project intends to deliver. It also puts a stake in the ground, which can later be measured against" says Nicholson.

Method123 have released 6 key templates as part of the initiation phase of a project. The first is a Business Case, in which the Project Manager defines the basis for starting up the project. The business problem to be addressed and the proposed solution are described in depth, to ensure that all of the project stakeholders agree on the overall project approach. The benefits and costs of the project are carefully laid out, and the return on investment is clearly marked.

Once the Business case is approved, the project manager then performs a Feasibility Study to ensure that the solution presented in the Business Case, may be feasibly implemented. "We believe that more than 50% of projects fail to complete a detailed Business Case and Feasibility Study" says Nicholson. "This leads to a lack of clarity around what it is that the project must deliver, resulting in scope creep, and more often than not, project failure". Both the Business Case template and Feasibility Study template have been incorporated in the Method123 template pack for initiating projects.

The third critical project management template released by Method123 is the Project Charter, and this document is believed by Method123 to be the most critical document in the entire Project Management Life Cycle.

"The Project Charter sets out the project vision, objective, scope and deliverables. It lays out a generic plan for delivering the project and it describes the types of resources that will be used. It's critical that managers and teams create a detailed Project Charter for each and every project they undertake, regardless of its size" says Nicholson. "The Project Charter is one of those documents that should be referenced throughout the project, to determine whether it's on track. Besides, how will you ever know that a project has been completed successfully, if it didn't specify the project goals and objectives in the Project Charter?"

In addition to these templates, Method123 have also released a suite of other templates for managing the start-up phase of a project, as well as an entire project management methodology. These templates include the Job Description, Project Office Check List and Phase Review. These document templates are used to recruit a project team, start up a project management office (otherwise known as a "PMO") and review the initiation phase to request approval to proceed to the planning phase of the project management life cycle. "These templates help managers and team members to complete projects faster than before" says Nicholson. "Customers can usually save 50% of the time completing project documents, by using project management templates offered by Method123. For further information on http://www.method123.com [project management tools

, see Method123.com

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