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BENEFITS OF DOCUMENT
Fin-wiser Advisory's PM templates address the needs of each phase of your project, across each project management discipline. These economical tools have been developed, tested and proven in the program management of projects ranging from small to large value. These templates are now made available to promote excellent project management practices across the industry.
Your time is very precious to spend hours surfing the Internet or building your own project management documents from scratch. With the power of our PM templates, you'll get professional, high-quality results at a fraction of the time and very reasonable cost.
PHASE 2: PLANNING
During this phase, the scope of the project is defined and a project management plan is developed. It involves identifying the cost, quality, available resources, and a realistic timetable. The project plans also includes establishing baselines or performance measures. These are generated using the scope, schedule and cost of a project. A baseline is essential to determine if a project is on track.
At this time, roles and responsibilities are clearly defined, so everyone involved knows what they are accountable for. Here are some of the documents a PM will create during this phase to ensure the project will stay on track:
? Scope Statement ? A document that clearly defines the business need, benefits of the project, objectives, deliverable, and key milestones. A scope statement may change during the project, but it shouldn't be done without the approval of the project manager and the sponsor.
? Work Breakdown Schedule (WBS) ?This is a visual representation that breaks down the scope of the project into manageable sections for the team.
? Milestones ? Identify high-level goals that need to be met throughout the project and include them in the Gantt chart.
? Gantt Chart ? A visual timeline that you can use to plan out tasks and visualize your project timeline.
? Communication Plan ? This is of particular importance if your project involves outside stakeholders. Develop the proper messaging around the project and create a schedule of when to communicate with team members based on deliverable and milestones.
? Risk Management Plan ? Identify all foreseeable risks. Common risks include unrealistic time and cost estimates, customer review cycle, budget cuts, changing requirements, and lack of committed resources.
Following is the list of Phase 2 – Planning Documents as part of this Bundle –
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Source: Best Practices in Requirements Gathering Word: Project Management | Phase 2 || Planning Word (DOC) Document, Fin-Wiser Advisory
ABOUT THE AUTHOR: FIN-WISER ADVISORY
Fin-wiser is a specialist advisory boutique focused on providing financial modelling, financial analysis, business transformation and business research services.
Our mission is to deliver high-quality Financial Models, Financial Analysis, Operational Transformation and Data Analytics which are custom made as per the business requirements. [read more] These solutions can integrate elements of business, accounting, finance, economics, operations and corporate psychology to summarize particular events for the end user and provide direction regarding possible actions or alternatives.
Our Vision - Fin-Wiser is committed to become the world's leading Financial and Transformation Advisory Company with the knack of providing excellent Training and Advisory services.
Our values depict our DNA. We imbibe these values and live for them. We are passionate about making a positive impact and deliver customize solutions. We treat our client's businesses as our businesses and act like supporting partners not just outside consultants. Your aspirations are ours. Fin-Wiser works hard to understand your reality and align itself with your objectives so you know we're together in this endeavor.
Fin-wiser Advisory's core services are as follows:-
1) Financial Advisory
2) Operations Advisory
3) Data Analytics
4) Process Mapping and Documentation
Fin-Wiser Advisory has published 64 additional documents on Flevy.
File Size: 3.6 MB
Number of Pages: 7
Related Topic(s): Requirements Gathering
This business document is categorized under the function(s): Organization, Change, & HR Strategy, Marketing, & Sales
It applies to All Industries
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Initial upload date (first version): May 3, 2021
Most recent version published: May 3, 2021
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