The project plan defines and articulates how a project will be delivered, building on the project charter. It outlines what will be delivered, how it will be accomplished, and what resources are needed while identifying potential uncertainties and challenges. This plan is essential for guiding the project's execution and ensuring all necessary elements are in place for successful delivery.
As a key approval document, the project plan confirms the organisation's commitment to proceed. However, it is important to recognise that after thorough planning, the project may be deferred or cancelled if deemed too costly, risky, or unlikely to deliver the desired value. This outcome, far from being a failure, signifies a well-informed decision based on a clear understanding of the project's demands and potential.
Moreover, the project plan serves as a communication tool among stakeholders, providing clarity on roles, responsibilities, and expectations. Detailing timelines, milestones, and deliverables helps to align the team and stakeholders, fostering transparency and accountability throughout the project's lifecycle. This comprehensive approach not only facilitates effective project management but also enhances the likelihood of achieving the project's objectives.
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