A PROJECT PLAN

A project plan, according to the Project Management Body of Knowledge, is

"...a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summarized or detailed." See more...

Characteristics of Project Plans

A project plan can be considered to have five key characteristics that have to be managed:

1. Scope
• defines what will be covered in a project.


2. Resource
• what can be used to meet the scope.


3. Time
• what tasks are to be undertaken and when.


4. Quality
• the spread or deviation allowed from a desired standard.


5. Risk
• defines in advance what may happen to drive the plan off course, and what will be done to recover the situation.