Execute and Control
Execute
Manage the Project Schedule Versus the Plan
Implement all work described in the Project Scope and Statement of Work
Provide Functional Design Documents
Risk analysis: Manage and Keep Risk Assessment Updated
Monitor Quality and Cost Versus Charter Deliverables
Communicate all of the Above at an Established Frequency
Project Management Controls
Manage Project Scope
Manage Project Schedule, Milestones and Key Tasks
Weekly Project Status Meetings (on going)
Manage Quality Control Activities
Manage Project Costs
Manage Project Quality
Manage Project Communications
Manage Project Risk Management
Contracting and Procurement Management Plan
Bank Subject Matter Expertise
♦ Enterprise Strategic Planning
♦ Data Processing Core and Ancillary Systems Selection, Implementation and Contract Negotiation
♦ Information Technology
♦ Enterprise Risk Management
♦ Banking Operations
♦ Mergers and Acquisition
♦ De Novo Launch Setup
♦ Cyber & Information Security
♦ Vendor Management Program
Project Launch or Execution
This is the phase of the project where deliverables are developed and completed. This is the meat of the project since a lot is happening during this time, like status reports and meetings, development updates, and performance reports. A “kick-off” meeting usually marks the start of the Project Execution phase where the project is discussed with the teams involved.
