opportunity phase

 - opportunity phase
 - opportunity phase


The first phase in the generic project life cycle is often split into two stages. In the first stage, i.e. concept or marketing, initial work on defining the opportunity should be enthusiastic and open-minded. Definitional work should be comprehensive, several different options should be investigated and should lead to a full statement of the strategy/project management plan. In the second stage, the opportunity should be subject to a thorough and critical review, e.g. should we go ahead with the investment, should we bid, and if so, are we doing this in the optimal way? Generally during this stage, only one (or two) options will be investigated, but will be done so in detail. Modeling of the options and their realization should be as extensive as is cost effective. The aim should be to find ways of meeting the project objectives/KPIs more effectively, to check if the proposed way forward is feasible, and to understand the risks and opportunities associated with each potential. The experience of project management has consistently shown that project personnel generally wish they had been more thorough and/or spent longer at this project 'front end'.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March 2002.

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Laatst bijgewerkt: 01-02-2016
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