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Some Types of Projects and Management Approaches Frequency of use of different project management approaches: XXX - most of the time; XX - half the time; X - sometimes
Types of Projects	Applicable Methods
	Business Administration	Business Systems
Venture Investing (especially projects financed jointly by several investors)	XXX	X
Transferring technology (especially manufacturing technologies)	XXX	X
Developing business partnerships (joint ventures; strategic alliances; mergers)	X	XXX
Developing new product / service (especially those developed jointly by two or more remote partners)	X	XXX
Managing value chain (especially relationships with suppliers and buyers)	XX	XX
Managing development assistance projects (building institutions / business environment)	XXX	X
Organizing events (conferences; exhibitions; business meets)	XXX	X

Legend:

VI - Venture Investing

TT - Technology Transfer

BP - Developing Business Partnerships

NPD - New Product / Service Development

MVC - Managing Value Chain

DAP - Managing Development Assistance Projects

OE - Organising Events

Benefits of Managing Projects Online in Ten³ Workspaces

• For the era of globalization, real-time team-based project management by geographically dispersed partners

• Well structured project management facilities

• Convenient progress monitoring system

• Modular design that makes it possible to tailor the project management structure to specific client requirements

• e-Coaching throughout the project management process by linking different project management modules to relevant chapters and how-to guides of the Ten³ online Business e-Coach

Two Approaches to Project Management

Ten³ project management workspaces can be tailored to different types of projects by applying two different approaches to project management:

1. Business Administration - a traditional three-constraint-based (output, time, and budget) approach; characterized by an early design freeze that creates a stable target for the project; effective for incremental innovation projects when the time required to innovate is shorter than the rate of change in the business environment.

2. Business Systems - a new entrepreneurial approach; does not lock down design earlier than absolutely necessary not to miss a newly emerging opportunity; effective for managing radical innovation projects in the rapidly changing environment.

Project Management Modules

Modules specific to the Business Administration and Business Systems approaches are marked with ^BA and ^BS respectively^.

INITIATION

• Business Case^BS

• Charter

• Statement of Work

• Issues List

PLANNING

• Scope Description

• Customer Acceptance Criteria

• Scope Boundaries

• Resources (people, schedules, budget, outcomes)

• Stakeholder Form

• Milestone Chart

• Project and Sub-Project Tree

• Project Plan^BA / Business Plan^BS

• Responsibility Matrix

• Communication Plan

• Risk Assessment

• Lessons-Learned List

EXECUTION

• Assigning Tasks

• Tracking Progress

• Status Reports

• Monitoring the Environment

• Formal Change Management

• Fast-track Change Management^BS

• Risk Management

• Communicating Progress

• Evaluating Performance

• Reviewing Issues List

• Preparing Status Reports

• Financial Statements^CORE / Managing Cash Flow^BS

CLOSING OUT

• Final Evaluation

• Customer Interview

• Final Status Report

• Lessons Learned

• Recommendations

• Close Out Report

• Employing Outcomes^BS

Project development workspaces have dynamic modular structure and can be tailored to implementation of various types of projects by adding modules specific to a given project (see table on your left)