Project Management Paper

PROJECT MANAGEMNT PLAN-THEORY Introduction Amongst all the several solicitude mold and practices associated with a bug proscribed, the significance of a escort caution blueprint is ofttimes deemed to be very high. It can be considered as the pillar of the cast off. According to the PMBOK guide, a support bring outside is defined as A formal, approved document use to guide both see execution and project monitoring, control, and cylinder block. (PMBOK guide, 2004) A project see permits guidelines as to how and when the objectives of a project can be achieved by shedding light on the milestones, activities and resources required on a project. In simple terms, the hurl Management figure establishes project managements interpretation of the why, what, how, who, how much, and when of the project. The development of the project management plan may be well-nighthing that is drafted by the project team leader, or arrived at a consensus through discourse amon g all project team members and key stakeholders. On some occasions, it may be developed by the executive management team who is more than attuned with the financial specifications and the big picture. However, in these cases it is immanent that the project team and key stakeholders be given decorous opportunity to go over and comment on this plan.

(PMBOK guide, 2004) Sub-components of a Project Plan A project management plan accommodates several components. The level of percentage point expected out of a project plan varies depending on the application area, oscilloscope and complexity of the project. A project plan can be either summary level or detailed and could represent of one or more accessory compon! ents and plans. (PMBOK guide, 2004) Firstly a plan should provide an overview of the specific project. This is in order to provide perspective on issues such as how the project was initiated, who the client or sponsor is, how the project is funded, or other factors that are important to those who read the plan....

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