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Project Standards Requirements
Frequently Asked Questions
This FAQ document provides responses to common questions related to Fannie Mae's project review methods and
policies for determining project
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How to fill out project standards requirements

How to fill out project standards requirements:
01
Understand the purpose: Before filling out project standards requirements, it is important to understand the purpose of these standards. Project standards requirements define the guidelines, procedures, and expectations that need to be followed throughout the project's lifecycle. This includes design, development, documentation, testing, and implementation. Familiarize yourself with the project's objectives and the industry standards that apply.
02
Review existing standards: If there are already established project standards within the organization or industry, review them thoroughly. Understand the current practices, templates, and protocols that are in place. This will help you identify any gaps or updates needed for the project standards requirements you are filling out. It also ensures consistency across projects within the organization.
03
Identify project-specific requirements: Every project is unique, and there may be specific requirements that need to be added to the project standards. These requirements can relate to the project's scope, timeline, resources, deliverables, or any other aspect that is specific to the project. Work closely with the project team, stakeholders, and subject matter experts to identify these project-specific requirements.
04
Determine the level of detail: Project standards requirements can vary in terms of their level of detail. Some may be high-level and focus on overarching principles, while others may be more specific and address detailed implementation guidelines. Determine the appropriate level of detail based on the project's complexity, team expertise, and industry requirements. Strive for a balance that provides enough guidance without being overly prescriptive.
05
Document the requirements: Once you have gathered all the necessary information, it's time to document the project standards requirements. Use a structured format such as a standard template or a document repository system to ensure consistency and ease of access. Clearly define each requirement, including its purpose, expected outcome, and any relevant examples or references that can provide further clarity. Ensure that the requirements are written in a concise and understandable manner.
06
Review and validate: Before finalizing the project standards requirements, conduct a thorough review. Share the document with key stakeholders, project team members, and subject matter experts for their input and feedback. This helps validate the requirements and ensures that all relevant perspectives are considered. Make any necessary revisions based on the feedback received.
07
Communicate and implement: Once the project standards requirements are finalized, it is crucial to communicate them effectively to all project stakeholders. Conduct training sessions or provide documentation that explains the requirements, their importance, and how they should be followed. Incorporate the project standards requirements into project plans, processes, and documentation templates to ensure their implementation throughout the project's lifecycle.
Who needs project standards requirements:
01
Project managers: Project managers play a crucial role in ensuring that projects are executed efficiently and effectively. They need project standards requirements to establish a framework for managing projects, ensuring consistency, and aligning with organizational objectives.
02
Project team members: Project team members, including designers, developers, testers, and other key roles, need project standards requirements to understand the expectations and guidelines for their specific tasks. This helps them work cohesively as a team and ensures that deliverables meet the required quality standards.
03
Stakeholders: Stakeholders, such as clients, customers, and organizational leaders, need project standards requirements to have an understanding of the processes, timelines, and quality standards that will be followed throughout the project. This helps manage their expectations and provides transparency in project execution.
In summary, project standards requirements help establish guidelines and expectations for project execution. By understanding the purpose, reviewing existing standards, identifying project-specific requirements, documenting, reviewing, and implementing them, project managers, project team members, and stakeholders can effectively drive successful project outcomes.
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What is project standards requirements?
Project standards requirements refer to the set of guidelines, criteria, and specifications that govern how a project should be planned, executed, and monitored.
Who is required to file project standards requirements?
The project manager or project team is typically responsible for filing project standards requirements.
How to fill out project standards requirements?
Project standards requirements are usually filled out by documenting the necessary information, such as project objectives, deliverables, timelines, and quality standards.
What is the purpose of project standards requirements?
The purpose of project standards requirements is to ensure consistency, quality, and efficiency in project management practices.
What information must be reported on project standards requirements?
Project standards requirements typically include details on project scope, budget, resources, risks, and communication plans.
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