Work Handled as Projects
A project can be defined as a job, outside of one’s routine work load, that might exceed a specific dollar or time amount. A project may also be referred to as discretionary annual work; meaning work that isn’t required but will help the company. Projects may be non routine services, major repairs, or work that requires heavy employee involvement; however, a daily routine task should not be classified as a project.
In today’s video we want to go over the whole idea of projects. What sort of work ought to be classified, planned, paid for and actually organized as a project. We are going to begin by talking about things that should not be classified formally as projects, we’ll talk about some of the criteria you can use to help you identify things that ought to be called projects and then we’ll give a suggestive list of things also that could be thought of as formal projects. So first when we think about projects, or works that ought to be classified as projects, these things should never be classified as projects. Routine work and preventative maintenance, things that are done a daily, ongoing basis, things that are expected to happen, regular routine work and preventative maintenance. These should never be classified as projects. That’s just day to day, in and out work that suppose to happen around there. So never think in terms of preventative maintenance as a project or the routine work. That’s just what those are. Preventative maintenance. Routine work. So when you think about what should be classified as a project, one of the areas you can think about in terms of, is a money threshold. Something cost more than a certain dollar amount, then that ought to be classified as a project because of how much financial investment is going into it. Along with that you can also think about time and man power investments as well. The amount of planning and design required. There might be a threshold there as well. You could say it takes this much planning and design and all of that that we will classified it as a project. This much money, we’ll classified it as a project. So you can think in terms of those categories, how much of investment putting into it to let you know the formal classification. And then finally number three, these things often be classified as projects because of the nature of them. If there is something that is discretionary but suppose to happen on an annual basis, you might look at that annual work that’s discretionary, it doesn’t have to happen, and say “Ya know what?” This would be a good year to do that will classify that as a project. Fund it, man it supply for it and make it happen. So discretionary annual work. Non-routine services. Non-routine services. Those can often be classified as projects. Major repairs and renovations would definitely be classified as projects. Capital improvements would be classified as projects. And then any work that requires a high level of user involvement. This takes us back to number two here again as well. So that list again is discretionary services, non-routine work, major repairs, capital improvements, work requiring a high level of user involvement. All of these should be classified as projects. But never routine work and preventative maintenance. Help for rule of thumb, how much money are we investing how much planning and design is required to go into this to help us say that yea this ought to be classified as a project.
Provided by: Mometrix Test Preparation
Last updated: 12/15/2017
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