In every project we need Plan stage. It forecasts the requirements for performing the project. Plan Project defines the project; produces the detailed project plan, project schedule, project organization, and resources. It identifies the project risks and ways to manage and mitigate them. It also obtains approval for the project and authorization to precede with the project activities.
The approved project plan, including the budget and schedule, serves as a contract between the project manager and the project sponsor. This contract defines the scope of the project and what is required, the anticipated benefits, the resources required, and the performance based rewards and penalties. The purpose of the contract is to commit the project manager, the project team, and the project sponsor to theterms of the project plan. This includes understanding the potential risks and the actions that are necessary to manage them.
Main features:
1. Help you to plan your project along the way.
2. Give ownership and responsibilities to each project member.
3. Manage documents included in the project and also manage every task that has to be done to reach the projects objectives.
4. Keep the complex and big project into simple and small separated one.
5. Measure your progress and recalibrate missed link between each task.
Benefits:
1. Determine the project goals and objectives.
2. Define the project scope and approach.
3. Define the major products and results.
4. Understand the project risks, assumptions and constraints.
5. Produce a realistic project plan.
6. Gain consensus for the project plan.