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            Framework for Evaluation and Management of a Project.
             This framework is designed to aid in project planning/development, management, and evaluation and is considered a living document. Prior to any application, revisions may be necessary to customize the framework for a specific type of project. Lessons learned from previous projects should be incorporated to improve the framework.
             1) Project Preparation.
             a) Concept Definition.
             i) Cost Estimation.
             (1) Numeric model.
             (a) Profitability.
             (i) Net Present Value of project .
             (ii) Investment required.
             (iii) Return on Investment.
             (iv) Payback period.
             (b) Weighted factor scoring model.
             (2) Non-numeric model.
             ii) Feasibility determination.
             (1) Strategic assessment.
             (2) Benefits of acceptance.
             (3) Impact of rejection.
             iii) Time Management.
             iv) Solution Selection.
             v) Initial Approval.
             b) Planning.
             i) Project Team.
             (1) Vertical hierarchy.
             (2) Project Manager.
             (3) Function managers.
             (4) Team Members.
             (5) Stakeholder identification.
             ii) Communications Plan.
             iii) Structure.
             (1) Statement of Work.
             (a) Project Objectives.
             (i) Scope.
             (ii) Performance requirements.
             (2) Work Breakdown Structure.
             (a) Resource management.
             (3) Schedule Development.
             (a) Critical Path Method.
             (b) PERT.
             (c) Audit Plan.
             (i) Schedule Audit.
             (ii) Budget Audit.
             (iii) Production Audit.
             (iv) Communications Audit.
             (v) Contract Audit.
             (vi) Complete Audit.
             (4) Budget Development .
             (5) Learning curve expectations.
             (6) Quality control.
             iv) Change Control Plan.
             v) Contract Development.
             vi) Final Approval.
             2) Project Execution.
             i) Carry out developed plans.
             (1) Schedule.
             (2) Work Breakdown Structure.
             (3) Audits.
             ii) Problem Management.
             (1) Problem Identification.
             (2) Root Cause Determination.
             (3) Corrective Actions.
             (a) Immediate.
             (b) Long Term.
             (4) Feedback.
             iii) Conflict Management.
             (a) Source of conflict.
             (b) Impact.
             (c) Solution.
             (d) Feedback.
             3) Project Termination.
             i) Reasons.
             (a) Completion.
             (b) Failure.
             (c) Cancellation.
             ii) Resource Reallocation.
             (1) Money.
             (2) Materials.
             (3) Personnel.
             iii) Termination Evaluation/Lessons Learned.

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