Starting a New Project: What You Need to Know?

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Starting a new project can feel like a daunting task, especially if you’re not a seasoned project manager. With so many aspects to consider, from setting clear goals to managing resources, it’s easy to feel overwhelmed. However, the significance of project management is on the rise, as evident from key statistics shared by Monday.com.

  • 89% of organizations now have at least one Project Management Office (PMO), showing the growing recognition of effective project management.
  • 59% of project managers handle 2 to 5 projects at once, showcasing their multitasking skills and the challenges they face.
  • 71% of project managers believe the value of their role is increasing, indicating organizations’ higher appreciation for their contributions.
  • 63% of projects fail to meet their original goals, emphasizing the importance of efficient project management practices.

To shed light on the subject, I had the privilege of interviewing experts in the field. In this blog, we’ll explore essential insights to help you navigate the project management landscape and set yourself up for success.

Additionally, I’ll provide valuable tips for learning project management skills, even if you don’t consider yourself a natural-born leader. Let’s embark on this journey together and unlock the secrets to successful project management!

a project manager who is about to start a new project. he is looking at a kanban outline.

8 Must-Dos Before You Launch Your Project

Clarify Your Project Goals and Objectives

Before you start any project, regardless of your project management method, it’s important to clarify your project goals and objectives. This will help you stay on track and avoid making costly mistakes.

"Many times, projects get realigned, fail, or delayed because of unclear objectives. The key is to ensure that leadership is clear on the project’s goal. Traditionally, this would occur in the Initiation Stage of the Project Management Lifecycle, however, clarification of goals can be difficult to articulate. Thus, Project Managers must ensure that goals are clear before the project cycle begins."

Marquise Vilsaint, MBA, PMP®, CSM® | Project Manager

Marquise says project managers can ensure this by:

  • Defining the end in mind. Therefore, envisioning the result before the actual work.
  • Conducting a few vision/brainstorming sessions which allow all ideas to be displayed. This may prevent scope creep midway through an already active project.
  • Steering a focused session to narrow down all the objectives and ensure alignment with #1 (End in Mind).
  • Creating a detailed and visually appropriate document that specifies the desired outcome for the project.
  • Obtaining leadership alignment of the project goal with documented sign-off.

“Project Managers must understand that it is critical to understand the destination before embarking on the journey and providing space for stakeholders to comprehensively voice their ideas. This approach to clarification will allow beginning a project with clear objectives and support to the proposed initiative,” Marquise added.

Conduct a Thorough Project Analysis

Mastering the art of project analysis is no small feat—it requires time, effort, and a strategic approach. Kamil Rejent, the CEO of Survicate, highlights the significance of this process:

"Conducting a thorough project analysis is an art that takes time to master. With Survicate, I and my team did extensive market research, customer analysis, and competitive analysis. We looked into the existing feedback software in the market, identified their strengths, and more importantly, their weaknesses. We mapped out potential opportunities and threats, all of which played significant roles in defining our project's direction."

Kamil Rejent, CEO of Survicate

This careful examination allowed Kamil and his team to make well-informed decisions. Survicate was able to create a feedback software that addressed the shortcomings of existing solutions.

Tips to conduct a thorough project analysis:

  • Gather data: Collect relevant data and information from various sources, including market research, customer feedback, and competitor analysis. The more data you have, the more informed your decisions will be.
  • SWOT analysis: Perform a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to identify internal strengths and weaknesses and external opportunities and threats. This analysis will help you understand your project’s position in the broader context.
  • Risk assessment: Identify potential risks that could affect the project’s success. Assess the probability and potential impact of each risk, and develop mitigation strategies to address them.
  • Engage project stakeholders: Involve stakeholders throughout the analysis process. Seek their input, feedback, and suggestions to ensure a well-rounded assessment.
  • Document everything: Keep a detailed record of your analysis, findings, and decisions. This documentation will serve as a valuable reference throughout the project’s lifecycle.

Develop a Detailed Project Plan

Imagine you’re organizing a fundraising event for a nonprofit organization. To ensure its success, you create a project plan that outlines all the key tasks, such as booking a venue, securing sponsors, and promoting the event. You assign specific team members to each task and set deadlines for completion. By utilizing project management tools, everyone involved can easily collaborate, track their progress, and ensure the event runs smoothly.

Campbell Tourgis, VP of Sales & Marketing at Wainbee, shares:

"Develop a detailed project plan that outlines the tasks, milestones, timelines, and responsible team members for each project. This plan serves as a roadmap and keeps everyone focused on their responsibilities. Utilize project management tools and software to keep track of tasks, deadlines, and progress."

Campbell Tourgis, VP, Sales & Marketing of Wainbee

With a comprehensive project plan, you’ll have a bird’s-eye view of the project’s progress. It ensures that it stays on track and within the set timelines.

More tips to develop a detailed project plan:

  • Set realistic milestones: Break the project into smaller milestones, making it easier to track progress and celebrate achievements.
  • Allocate resources wisely: Ensure that you have the necessary resources, such as budget, manpower, and equipment, to execute the project effectively.
  • Be flexible: Be prepared to adapt the project plan if circumstances change or unexpected challenges arise.

Assemble the Right Team

One of the critical factors for a successful project is having the right team in place. Eric Jones, the CEO of Couture Candy, stresses the importance of choosing a team with the necessary skills and expertise to execute the project efficiently.

"Choose a team with the necessary skills and expertise to execute the project successfully. A cohesive and capable team is vital for achieving project objectives efficiently."

Eric Jones, CEO of Couture Candy

Tips to assemble the right project team:

  • Look for people who are passionate about the project: People who are passionate about their work are more likely to be motivated and engaged.
  • Clearly define roles and responsibilities: Ensure that each team member understands their role and responsibilities, reducing the risk of confusion or overlap.
  • Empower and support your team: Provide the necessary resources, guidance, and support to empower your team to excel in their roles.
  • Address conflicts promptly: Address any conflicts or issues within the team promptly to maintain a harmonious and productive work environment.
  • Continuous learning and improvement: Encourage team members to pursue continuous learning and improvement, fostering innovation and growth.

Establish Communication and Reporting Protocols

Effective communication is the backbone of any successful project. By establishing clear protocols for communication and reporting, you can ensure that everyone involved in the project is on the same page and that progress is being tracked effectively. Talal Khan, CEO of ProRec, suggests:

"Establish a single source of truth. This could be a shared project management tool where everyone can access updates, tasks, and progress reports. It prevents confusion and ensures everyone is on the same page."

Talal Khan, CEO of ProRec

Here are some tips for establishing communication and reporting protocols:

  • Define the communication and reporting needs of the project: What information needs to be shared? How often should it be shared?
  • Identify the stakeholders who need to be involved in the communication and reporting process: This could include team members, managers, clients, or other interested parties.
  • Choose the right communication and reporting tools: There are a variety of tools available, so you’ll need to choose the ones that best meet the needs of your project.
  • Create a communication and reporting plan: This plan should outline the frequency of communication, the format of reports, and the responsibilities of each stakeholder.

Set a Realistic Budget

A well-defined budget serves as a foundation for cost control and allows project managers to monitor the allocation and distribution of financial resources. Neil Platt, Director at Emerald Home Improvements, shares:

“Setting a realistic budget gets the ball rolling on cost control and lets a manager monitor allocation and distribution of financial resources. In a startup environment, it even helps secure funding. Even otherwise, a realistic budget helps streamline project expenditure, defines financial objectives and aligns them with the project lifecycle, and keeps stakeholders informed about spending limitations.”

Neil Platt, Director at Emerald Home Improvements

Here are some tips for setting a realistic budget:

  • Define the project’s scope and goals: What do you want to achieve with this project? Once you know what you’re trying to achieve, you can start to estimate the costs.
  • Identify the project’s resources: What resources will you need to complete the project? This could include people, materials, equipment, and facilities.
  • Research the costs of the resources: How much will it cost to acquire and use the resources you need?
  • Add a contingency fund: This is a buffer of money that you can use to cover unexpected costs.
  • Review the budget regularly: As the project progresses, you may need to adjust the budget to reflect changes in scope or costs.

Handle Changes and Challenges

Changes and challenges are inevitable in project management. Imagine you’re leading a software development project, and midway through, the client requests additional features to meet changing market demands. What would you do? Here’s Talal Khan’s expert advice:

"Handling changes and challenges during project initiation is part and parcel of project management. Stay flexible, keep communication lines open, and don't hesitate to revisit and revise your plan as needed."

Talal Khan, CEO of ProRec

More tips to stay flexible in handling changes and challenges:

  • Risk management: Identify potential risks and develop mitigation strategies to address them proactively.
  • Collaborative decision-making: Involve team members and stakeholders in decision-making processes to gain diverse perspectives and foster ownership.
  • Document changes: Keep a record of any changes to the project plan and communicate them to all relevant parties.
  • Stay agile: Embrace agile project management principles to respond quickly to changes and deliver incremental value.
  • Build resilience: Foster a culture of resilience within the team, encouraging them to adapt to challenges and maintain motivation.

Monitor Progress and Stay on Track

Mary Beth Imbarrato, the Founder and Owner of MBI Consulting, LLC, emphasizes the significance of closely tracking project advancement throughout its lifecycle.

"Monitoring the progress of the Project Initiation phase is relatively easy because it begins with the identification of the project and it ends with the kick-off meeting with the team. In-depth monitoring of project progress really begins during the Project Planning phase and more extensively during the Execution Phase."

Mary Beth Imbarrato, Founder and Owner of MBI Consulting, LLC

Tips to monitor progress and stay on track:

  • Use project management tools: Leverage project management tools and software to centralize project data, tasks, and progress tracking.
  • Regular team meetings: Conduct regular team meetings to review progress, address challenges, and ensure everyone stays aligned with project objectives.
  • Set Key Performance Indicators (KPIs): Define KPIs to measure project performance and assess whether it’s meeting the desired outcomes.
  • Monitor budget and resources: Keep a close eye on the budget and resource allocation to avoid overruns and optimize efficiency.
  • Track milestones: Monitor milestone achievements to celebrate progress and assess the project’s overall timeline.
a team starting a project

Frequently Asked Questions about Starting a Project

What is the first step in starting a project?

The first step is defining the project scope, which includes outlining the project’s objectives, deliverables, and limitations. Understanding the scope provides a clear direction for the project.

How do I create a project timeline?

To create a project timeline, list all the tasks, milestones, and deadlines involved in the project. Use project management tools or software to visualize the timeline and ensure tasks are well-sequenced.

What is the project initiation process?

Project initiation is the initial phase where the project is identified, evaluated for feasibility, and approved. It involves assembling the project team, defining roles, and obtaining necessary approvals.

What is a business case, and why is it essential?

A business case justifies the need for the project, detailing its benefits, costs, and potential return on investment. It is crucial for gaining support from stakeholders and securing project approval.

Why is a project kickoff meeting important?

A project kickoff meeting brings the team together, clarifies project goals, and establishes communication channels. It sets a positive tone for the project and fosters team collaboration.

How do I secure necessary resources for the project?

Secure resources by budgeting accurately, obtaining required approvals, and negotiating with stakeholders. Adequate planning ensures resources are available when needed.

What should I do if there are changes during the project?

Stay adaptable and open to changes. Assess the impact of changes on the project scope, timeline, and budget. Communicate changes to the team and stakeholders promptly.

What are the key phases of a project life cycle?

The key phases are initiation, planning, execution, monitoring, and closure. Each phase has specific tasks and objectives to ensure successful project management.

How can I monitor project progress effectively?

Implement a monitoring and reporting system to track project progress against the timeline and scope. Regularly review milestones, communicate with the team, and address any deviations promptly.

Key Takeaways

In this roundup, experts shared valuable insights on starting a successful project journey. Project management is one of the crucial leadership skills that turns ideas into reality and drives organizations toward their goals.

Subscribe to Skill Success All Access Pass for further learning. You will get access to our entire library of courses, including comprehensive project management resources. These courses can sharpen your leadership skills and become an effective project manager.

Remember, project management is more than completing tasks; it’s about orchestrating ideas, resources, and talents for greatness. Embrace challenges and turn your project ideas into tangible accomplishments.

Start your journey towards successful project management today. Open the door to endless opportunities with Skill Success All Access Pass. Wishing you a fulfilling and rewarding journey in project management!

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