![]() Regularly updating the project plan helps ensure that the project stays on track and will meet its objectives. Adjustments may be needed if the project is not going according to the plan, if there are unforeseen challenges, or if the project’s scope changes. As the project progresses, the plan can change. It’s worth noting that a project plan is a living document. Risk Management Plan: Foreseeing potential issues and having strategies in place to handle them.Communication Plan: How information will be disseminated to stakeholders. ![]() Quality and Performance Metrics: Standards that the project’s deliverables must meet.Stakeholder List: Anyone with a vested interest in the project.Resources: What’s needed to complete the project, including human resources, equipment, materials, etc.Budget: An estimation of the costs involved and how funds will be allocated.Schedule: A timeline that pairs tasks in the WBS with dates.Work Breakdown Structure (WBS): A hierarchical decomposition of the project into phases, deliverables, and work packages.Project Scope Statement: What the project entails, its deliverables, criteria, and boundaries.Risk Management: Identify potential risks, their impact, and outline strategies to address and mitigate those risks.Monitor and Control Execution: Once a project starts, the project plan is used to monitor progress and see if tasks are being completed on time.Document Communication Procedures: This dictates how team members and stakeholders will stay informed about the project’s progress.Predict Potential Bottlenecks: By laying everything out visually, potential problem areas can be foreseen and avoided.Set Realistic Deadlines: The plan will set milestones and end dates for various tasks.Determine Available Resources: Whether it’s human resources, physical equipment, or financial resources, a project plan will lay out what is available for the project.Define the Scope: Clearly describe what the project will achieve and what it will not. ![]() The main purposes of a project plan are to: It serves as a roadmap for a project, detailing the processes, steps, resources, and schedules required to meet the project’s objectives. What is a project plan?Ī project plan is a formal, approved document used to guide both project execution and project control. ![]()
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