Project preparation – a term that may sound self-explanatory – has many obvious and not-so-obvious elements that contribute to its successful implementation. However, before learning what proper project preparation entails, it is important to know what it is and the way in which it is crucial for a successful project outcome.

Project preparation, as implied by its name, is the stage of a project whereby all the planning occurs. If you think about important events, such as vacations, a wedding or when buying a home, all require some sort of planning. This is because a planning phase is crucial in many respects but primarily in regards to achieving project goals.

Project preparation can include extensive research, preliminary design, developing concepts, identifying operational cost and estimates for capital, as well as sources of funding and consulting stakeholders.

It is always a good idea to do as much research as possible in respect of the project and the industries associated with it. Research is a key component of project planning and helps to create a solid project plan. This not only helps in confidently supporting a claim but also in achieving the end goal, which is the sole purpose of a project.

A project team and others who are involved in the planning stages should always be kept in the loop in the preparation phase, as they will be able to assist in building a solid successful plan and, ultimately, ensuring a successful project completion.

What you will learn in this course:

• How to identify what a project is, why it’s being initiated and how to define its purpose
• How to identify a project’s stakeholders
• How to identify issues, risks and opportunities
• The importance of budget estimation and cost management

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