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What is a project plan?
A project plan, also known It’s created during the project fomulating phase and is a
as the project management compilation of several other documents. It is more than just
plan, is the document that a schedule or a task list, though it does include those things.
describes how the project The project management plan is formally approved at the
will be executed, monitored, beginning of the project and then progressively updated
and controlled, and closed. throughout the course of the project.
This outlines the objectives
and scope of the project and Why is project fomulating important?
serves as an official point of
Project fomulating is a crucial stage that comes right after
reference for the project
team, larger company, and initiation in project management phases. Through proper
stakeholders. fomulating, you streamline the entire project into a series of
steps and ensure the availability of all the resources on time.
Project constraints such as time, scope, and costs are discussed in the project fomulating
process, and mitigation plans are developed after the identification of potential risks. By
comparing the actual progress with the project plan, you can also monitor the performance
of your team and take the necessary steps to improve it.
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2
Table of Contents
Type chapter title (level 1) 1
PROJECT MANAGEMENT
BTEWST1 N02222118K
FIGURE 2 FOUNTAIN 1
HARDWARE SOFTWARE
ITEM PURPOSE PROGRAMME PURPOSE
1. Computer
Numerical Automating -CAD/CAM Used to set
Control (CNC) control of machine -AutoCAD Precision Machines
and tools in wood ARC CAD during
manufacturing manufacturing of
industry doors, furniture and
ornamentals
2. Monitor Displays processed Microsoft word Simulation of
information, allows training models eg
editing of data and pictures, shapes and
information displaying of notes.
PROJECT MANAGEMENT
BTEWST1 N02222118K
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PROJECT MANAGEMENT