![]() In effect, they are simple tool covering the basic fundamental of the project components presented on a single page. The underlying concepts and use on those canvases are their simplicity and broad overview (covering multiple business aspects), ease of understanding allowing teams not to overly invest upfront a lot of time and effort to sketch up their idea/concept. The lean canvas emphasises on the Why (what is the problem to be solved) whilst the business model canvas focuses more on the How and the Project Canvas (inspired by the Business Model canvas) is adapted specifically for project. There are all slightly different with the business model canvas being the first canvas developed (see below). I will cover three canvases in this article Those templates force the thinking process in a structured way and identify gaps that need to be further researched/validated/tested The solution is to use business canvases (templates) to sketch out the idea/concept on a simple page. So the question is how to formulate, articulate the idea in a structure way for simple and easy communication to pitch for resources/funding ? How to ensure that idea initiator conduct a structure thinking with value hypothesis to be researched further before moving to a more detailed, formulated business plan (for new business) or business case (project). Note, this step include having a business case document that articulate the project’s goal, alignment to strategy and financial return and risks and dependencies (we will not cover in this article – focusing on in effect pre-initiation phase)Īt this stage, the project is an idea, a concept stage, based on observation that there is a problem to be solved for, or a customer needs, an opportunity to be taken – anyone in an organisation could initiate an idea- in some cases the idea could be top down driven with a senior management asking teams to come up with ideas to solve for a specific strategic goal/objectives. This would also require analysis and research (which requires seed funding) to bring credibility in the idea through supporting evidence/data to justify its merits and value.Īs a reminder, the project initiation is the first phase of the project management life cycle to kick-off the project with clarity on objectives, outcome deliverables and team The first initial stage is to flesh out the idea to convince the business to allocate resource, funding to explore the concept. In this article, I will focus at pre-initiation phase, pre-project being approved/funded to go ahead. ![]() ![]() Project management can be decomposed in 5 phases, from project initiation to closure. The question is what business template (also named named business canvas) to use and at what idea formation stage ? In addition, it is a visual representation mapping out the idea (or project) to support pitch process (for approval/ funding consideration). This allows easier review, comparison and understanding on the objectives, merits and expected outcome of ideas as part of the project investment assessment and selection process. In my previous article on Strategic Portfolio Management (SPM), I made the argument of the need to have standardised, consistent business templates to capture ideas and projects especially at their early life-cycle phase (ideas, inception phase). “A clearly defined project from the very beginning is the key to project success- a project canvas is visual tool helping to define and communicate project at an early stage” ”All strategic change in an organisation happens through project and program management”
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |