Practical sheet | REF: FIC1661 V1

Optimization approach at the start of a project's execution phase

Author: Jean-Pierre PAYRE

Publication date: May 10, 2019 | Lire en français

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Overview

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AUTHOR

  • Jean-Pierre PAYRE: Senior project manager – Project management consultant, Grenoble, France

 INTRODUCTION

Once a contract has been signed, following the bidding and commercial negotiation phase with the customer, the project manager and his team analyze the contract and the way in which it should be carried out in order to meet the initial budget for the project sold. Going into more detail, and following an in-depth analysis of the project's risks, it is necessary to compensate for a potential deterioration in the financial margin by seeking out and implementing opportunities to restore or even increase the margin rate within the current budget.

The aim of this sheet is to describe the process of optimizing a project by searching for opportunities at the start of the project execution phase.

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Optimization approach at the start of a project's execution phase