![]() It includes an issue log that documents incidents occurring throughout the project lifecycle. #9: Issue Management: This section manages project issues. Establish a risk management plan, risk definition, identify risks, develop a risk response plan, and then monitor and mitigate those risks until the project is complete. #8: Risk Management: This section discusses risk management. #7: Communication Management: This section collects the communication requirements of stakeholders, develops communication plans, and then engages stakeholders throughout the project life cycle. #6: Resource Management: This section covers the resource requirement, acquiring, developing, and managing these resources. #5: Quality Management: This section helps you measure the quality of the project and ensure the project’s final product conforms to the specifications and is free of errors. #4: Cost and Budget Management: A cost baseline helps measure the project’s progress in terms of cost you can see if the project is under or over budget. Dependencies: This section describes the key project management dependencies.You can base the project schedule on a Gantt chart, Milestone, CPM, or PERT. ![]() Project Schedule: It shows the schedule of the project.Milestones: Contains key project milestones and their expected achieving dates.The subsections under schedule management include: A schedule baseline helps measure the project’s progress and allows project managers to determine whether the project is on schedule. #3: Schedule Management: Here, you establish a schedule management plan and schedule baseline. Change Control Management: This ensures every change request is reviewed, processed, and integrated into the project baselines after approval.Deployment Plan: This plan ensures that the system reaches to intended users and benefits are realized.Work Breakdown Structure: This work breakdown structure includes the project work broken down into work packages.#2: Executive Summary of the Project: This section provides a high-level project summary it can have a high-level overview of all subsidiary plans and explains the following: It can include elements of the feasibility study and cost-benefit analysis. #1: Purpose of the Project: This section has the project charter and explains the project’s purpose. These plans help the project team to execute the tasks and complete the project on schedule and without exceeding the budget.Ī few common sub-plans and components are as follows: However, before that, let’s understand the project plan.Ī project plan is a collection of project documents and subsidiary plans that comprise the project. Today’s blog post will provide a few project plan examples and samples to help you develop your project plan. Without a project plan, project managers cannot measure the project’s progress, team members will be in the dark, and the project will be unsuccessful. Use change control where appropriate.The success of a project depends on the project plan. Reserves should not be used for gold plating a project. Reserves should be used when risks occur (e.g., threats occur resulting in issues).Adjust the reserve estimates accordingly for future projects. If you track contingency and management reserves in your organization for multiple projects, you will discover what makes sense.Later in the project, the Definitive Estimate might be a range of +/- 10% from actual. During the Planning Process, a Budget Estimate might decrease to a range of –10 to +25% from actual. During the Initiating Process, a Rough Order of Magnitude Estimate could be +/- 50% from actual. As project managers progressively elaborate the project, confidence in the budget estimates should increase. The range of reserves and confidence levels change over time.Include this information in your Cost Management Plan. Project managers should determine if reserves will be reduced or eliminated during the project, how this will occur, and when. Not everyone agrees with reducing unused reserves. The PMBOK says that reserves may be used, reduced, or eliminated over time.
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