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long term - interlinks with mission / vision values of organisation

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long term - interlinks with mission / vision values of organisation

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SIMPLE
Only involve one or few people.
Easy to co-ordinate.
Few tasks dependant on other tasks.
Straight forward.
Few resources required.

COMPLEX
Uncertain outcomes.
Unpredictable.
High volume ( cost ).
Involving diverse range of resources.
Many different skills to complete.
Changeable- unknown project features.
Multiple stakeholders.
Significant external influences.
Reliant on new technology.
Highly regulated environment ( Council/NHS ).

LONG TERM
Takes months/years to finish.
Requires more documentation/authorisation.
More stakeholders.
Involving more staff to complete project. ( Skill dependant )
Long term budgets. The decision for approval will go further dependant on the amount may take longer.
Frequent monitoring.
More accountability/responsibility.
Larger resources required.
More analysis.
Formal approaches, strategic. will effect other areas of organisation.
May involve more governance.
Longer to see results.
Need to keep motivated as can lose concentration.

SHORT TERM

Requires less authorisation.
Less time.
Focus on single goal.
Less effect/ analysis needed.
Less resources/ finance required.
New product-correcting problems.

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Long-term projects take months or even years to finish. Typically, companies require more documentation and infrastructure for longer-term efforts. Decisions about project governance usually depend on budget, resources required, business impact, and the scope the project.

Examples: New production line,
new components induction

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Budget. Short-term projects typically require less money to complete than long-term efforts. An exception might occur for a short-term disaster recovery effort or other unplanned event that requires immediate, all-out attention.

Examples: new waste streams implementation, New storage system

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short-term - specialised expertise / knowledge

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short-term - specialised expertise / knowledge

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What is the difference between short term and long term?                                            The primary difference between long-term and short-term financing is in the length of time the debt obligation remains outstanding. Short-term financing involves a loan term that is typically less than one year. Conversely, long-term financing is any debt obligation with a loan term that is greater than one year.

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What is the difference between short term and long term?                                            The primary difference between long-term and short-term financing is in the length of time the debt obligation remains outstanding. Short-term financing involves a loan term that is typically less than one year. Conversely, long-term financing is any debt obligation with a loan term that is greater than one year.

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Complex Project - are changable and unpredictabe. 

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Complex Project - are changable and unpredictabe. 

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long term - involving more people / staff to complete project ie deptments / skills

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long term - involving more people / staff to complete project ie deptments / skills

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Waste reduction
3 day blitz to achieve reduction in waste costs.

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require fewer authorisations

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complex - many different skills
S

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Simple project is task that is straightforward easy to achieve and coordinate

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complex - significant external influences

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complex - significant external influences

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Simple projects involve only one or a few people over a short time. Typically, simple projects will have few tasks dependent on other tasks, and will be relatively straightforward and easy to coordinate. Examples might be coordinating delivery of resources for a workshop session, implementing a small marketing plan, or delivering a simple software enhancement. For example working times.

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Simple projects involve only one or a few people over a short time. Typically, simple projects will have few tasks dependent on other tasks, and will be relatively straightforward and easy to coordinate. Examples might be coordinating delivery of resources for a workshop session, implementing a small marketing plan, or delivering a simple software enhancement. For example working times.

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Complex - unpredictable ie how it will turn out

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Complex - unpredictable ie how it will turn out

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Menu change

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New high speed railway to improve rail links. Completion date changes and budget exceeding initial target.