This process Group consists of those processes performed to define a new project by obtaining authorization to start the project or phase. Within the Initiating processes, the initial scope is defined and initial financial resources are committed.
High Level Program
What is A High level Schedule ?
Every time you estimate a new project (Tender Stage) and assign resources to it, you create a high-level project plan. High-level planning is focusing on establishing your project's requirements and deliverables but at a high level, One could say that a high-level plan is a manager's view of the project.
A high-level programme means managing your project’s goals, dependencies, available resources, together with its timeline and budget. It states what should be done, when and by whom, without getting into details of particular tasks. It gives you a clear overview of the scope and required resources, so you can make informed decisions estimating and running your project.
Contract review is a thinking process - a rational analysis. This process includes: clarifying the contract's related facts, a measure of the feasibility of the contract, and a forecast of contract risks.
How to Review a Contract ?
Step 1: Make sure you understand what you expect and want out of the contract. Step 2: Review the contract’s action sections to make sure the deal terms are properly documented. Step 3: Read the rest of the contract (all of it) to make sure everything else aligns with your expectations (see the checklist below).
Why is it important to review the contract ?
Reviewing the contract is a very important process to help you understand the scope of work, be aware of your obligations and other party obligations, protect you against any misunderstanding for the terms and conditions, also it will define the project risks.
Drafting a contract is the act of writing out the terms and details of the contract, to outline the legal obligations of the two parties, so that they fully understand the terms of the agreement and their respective duties towards one another.
Should I Hire an Attorney to assist with Contract Drafting and Review?
As can be seen, drafting and understanding contracts can be a very complex process. Thus, it may be in your best interests to consult with a knowledgeable and well qualified contract attorney.
An experienced contract attorney will assist you from start to finish through the contract drafting and reviewing process, safeguarding you against any complications, errors, or misunderstandings. Additionally, they will help prevent other legal issues that arise from a poorly written contract, and represent you in court, if necessary.
What Is a Subcontractor Agreement?
Subcontractor agreement is a legal document that explains the responsibilities of a subcontractor. The subcontractor is legally required to perform the duties outlined in the agreement as well as follow any rules explained in the master agreement.
In some cases, a primary contractor will have a master agreement or contract with their client. If stated in the master agreement, then the independent contractor is able to hire out work to a subcontractor in order to complete the project.
Protecting Yourself From Liability
By creating a legally sound subcontractor agreement, you’re protecting your business if things ever hit the fan (or if your subcontracted electrician accidentally breaks your client’s fan). Always employ these types of contracts to ensure that all parties are on the same page.
What is the Risk register?
A risk register is a document used as a risk management tool and to fulfill regulatory compliance acting as a repository for all risks identified and includes additional information about each risk, e.g. nature of the risk, reference and owner, mitigation measures. It can be displayed as a scatter-plot or as a table.
What is the purpose of risk register ?
Risk registers provide project managers with a list of risks identified, stated clearly and assessed as to their importance to meeting project objectives. The risk register can lead directly to risk handling, such as risk mitigation.
What is the organization chart ?
An organizational chart, also called organigram or organogram, is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.
Organization Chart uses:
- New Hire Onboarding
- Engaging Remote Employees
- Increase Employee Productivity
- Improve Employee Happiness and Productivity
- Find Career Growth Opportunities for Employees
What is the purpose of organization chart ?
Its purpose is to illustrate the reporting relationships and chains of command within the organization.