What is the difference between a project execution plan and a project management plan?
The project plan is a visionary document, while the project management plan is executed to achieve the vision. The project plan gives you the vision to complete the project successfully, while the project management plan defines and develops the system to be used to complete the project successfully.
How does the project execution plan relate to the project management plan?
The project execution plan sets out the strategy for managing the project, describes the policies, procedures, and priorities that will be adopted for the project. … Integrates and consolidates all ancillary management plans, baselines, and other information needed to manage the project.
What is execution plan in project management?
A Project Execution Plan (PEP) is a governing document that defines how a project is to be executed, monitored, and controlled. It establishes exactly how the project execution phase of the project will be managed to meet the requirements of the project or contract.
What should be included in a project execution plan?
Project execution plan PEP
- Project definition and a summary of the strategic brief or later the project brief.
- Drawings insofar as they are developed at this stage.
- Project programme.
- Cost plan, cost management and accounting procedures.
- Contracting and procurement strategy.
- Roles, responsibilities and authorities.
What is the difference between project and plan?
The basic difference between plan, project and program is that a plan details a course of action; a project is short-term and designed to deliver a specified output within time, cost and quality parameters; and a program is a long-term managed portfolio of multiple projects designed to produce outcomes.
What does execution of plan mean?
execution Add to list Share. … Execution is taking an idea and actually making it happen. The execution of a plan is when you put it into effect, like the execution on the field of a football team’s game plan. It can also mean the style in which a project is carried out, like a ballet’s creative execution.
What is Project Plan?
A typical project plan consists of: A statement of work, a resource list, work breakdown structure, a project schedule and a risk plan. … The scope includes the business need and business problem, the project objectives, deliverables, and key milestones. Project baselines are established in the project plan.
Why do we need a project execution plan?
Planning for risks in every project is crucial. To put it simply, having a project execution plan helps you assign tasks and responsibilities, set clear expectations and deliverables, and gives you a way to course-correct if you hit any issues.