Project Initiation Monthly Initiation Weekly Management Daily Management Monthly Closure Project Closure Post-Project Management Appointthe sponsor A01 Appoint theproject manager A02 Appoint thekey team members A03 Describethe project A04 Identify and planthe deliverables A05 Identify risksand plan responses A06 Have project initiationpeer-reviewed A07 Make ago/no-go decision A08 Kick offthe project A09 Conduct afocused communication A10 Revise and refinethe plans B01 Have the monthlycycle peer-reviewed B02 Make ago/no-go decision B03 Kick off themonthly cycle B04 Conduct afocused communication B05 Measure andreport performance C01 Plan responsesfor deviations C02 Kick off theweekly cycle C03 Conduct afocused communication C04 Manage risks, issues,and change requests D01 Acceptcompleted deliverables D02 Evaluatestakeholder satisfaction E01 Capture lessons andplan for improvements E02 Conduct afocused communication E03 Hand overthe product F01 Evaluatestakeholder satisfaction F02 Have the closing activitygroup peer-reviewed F03 Archive theproject documents F04 Celebrate! F05 Conduct afocused communication F06 Evaluatethe benefits G01 Generatenew ideas G02 Conduct afocused communication G03

B03 - Make a go/no-go decision

This management activity belongs to the Monthly Initiation group. This group of activities are done in the beginning of each month to prepare us for a new monthly cycle.

At this point, the sponsor has to make a new go/no-go decision based on the revised plans. They may make the decision by themselves, or arrange it with others such as the portfolio management team.

If the decision is made to stop the project, the project closure activities will be run, and the sponsor should decide whether or not to enter the post-project management cycle.

Purpose

The goal is to make sure the project is still justifiable and to remind everyone that there’s a goal for the project higher than the sum of isolated specialist activities.

Common pitfalls

The sponsor has to take this management activity seriously and not just approve the project automatically without inspection. It’s important for everyone to understand that canceling projects is a sign of good project management.

Sometimes, a project may be justifiable when evaluated in isolation, but it may not be as justifiable as other possible projects that you can run. As a result, a holistic perspective is necessary when evaluating the continuous justification of the project, and it’s best done within a single portfolio management system that oversees all the projects in the organization.

Principles

The following principles play a significant role in this management activity:



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It's best to use micro.P3.express instead of the regular P3.express if you have micro-projects with approximately 1 to 7 team members.