Project Plan For A Project Management

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Project Plan
Throughout the project, the Project Board uses the Project Plan as a baseline against which to measure progress. As such, the Project Plan must contain the overall schedule and cost of the project, as well as tolerances set by corporate/programme management. The Project Plan also provides a high-level view of the project’s management stages.
Stage Plan(s)
The Project Manager uses the Stage Plan as a baseline for everyday project management activities. Each management stage on a project will have its own Stage Plan, describing the products and resources involved, the quality activities required, and time/cost tolerance levels assigned by the Project Board. The Stage Plan is able to provide a lower level of detail than the
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Exception Plan(s)
Strictly speaking, the Exception Plan does not occupy any one level within the project management hierarchy. Instead, it may be created if a Stage Plan or a Project Plan goes into exception, i.e., if they are forecast to exceed tolerance levels. In this situation, the Project Manager must submit an Exception Report to the Project Board, articulating the details and impact of the exception, outlining possible courses of action, and recommending one particular option for handing the problem. If stage-level tolerances are likely to be exceeded then the Project Board will make a decision on the situation; if project-level tolerances are forecast to be breached, then the Project Board will escalate the issue to corporate/programme management.
Where necessary, an Exception Plan will be created in response to an Exception Report, and if authorized, will replace the original plan, covering the duration of the plan it replaces, from the point at which the exception was identified.
Developing Plans
The PRINCE2 planning method comprises seven basic steps.
(1) Designing the Plan
The framework for the Plan is determined in part by the standards employed on the project, and entails selecting the appropriate format, layout, planning tools, estimating methods, level(s) of planning necessary (i.e., Project, Stage, and Team), and monitoring
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