Management

Why A Project Management Plan Is Critical For Effective Project Management

A project management plan is a document developed before initiating any project to ascertain its feasibility, identify required resources, and determine the objectives to be achieved. A project management plan is an important tool in ensuring projects are delivered on time and under budget. It identifies the project type, such as an engineering project or a building project, and describes the steps to be taken to achieve these goals. In essence, it is a comprehensive plan that coordinates the actions associated with fulfilling the project’s objectives.

The definition of a project plan has changed somewhat over the years, but the basic idea remains the same. As the organizations we work in have become more complex with multiple stakeholders, the original project planning concept was no longer sufficient. As a result, many of today’s project planning tools include actual inputs from stakeholders and work planning/action plans (WPS) managed by project management systems.