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Project Management Tip #4: The Dependencies

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When building a project plan, the timeline and budget will require close attention to the dependencies in the plan, and how they can affect the success of the project. For instance, a project to implement new software could be dependent on first ordering hardware and waiting for it to arrive, or the successful testing of the software to validate that the project goals are being met. Every time a task has dependencies for completion, the timing to complete those dependencies must be factored into the plan. When figuring out how much completion time to assign for a dependency, try to factor in the variables that are not in the credit union’s control, and how they could impact the project’s timing and budget.