Who Prepares project plan?
Project manager, who creates, executes, and controls the project plan. Since project managers build the plan, they do not need to approve it. Project team, who build the end product.
Which is the first step in project planning?
Step 1: Identify & Meet with Stakeholders
Make sure you identify all stakeholders and keep their interests in mind when creating your project plan. Meet with the project sponsors and key stakeholders to discuss their needs and project expectations, and establish a scope baseline, budget, and timeline.
Which one of the following is a valid project key performance indicator?
Project Management KPIs
Top project management benchmarking measures include return on investment (ROI), productivity, cost performance, cycle time, customer satisfaction, schedule performance, employee satisfaction and alignment with strategic business goals.
What is project plan based on your own understanding?
A project plan—also known as a project management plan—is a document that outlines the process your team will use to manage the project according to scope to meet its stated objectives. The purpose of a project plan is to map out the steps and resources it will take to complete a project on time and budget.
What is the first step in project planning Mcq?
What is the first step in project planning? Select one: a. Establish the objectives and scope.
What is the main purpose of project plans quizlet?
An initial project plan is built to describe the baseline scope and environment of the project. A Project Plan is a living document that defines the project as fully as possible.
What does project plan involve?
A project plan defines project goals and objectives, specifies tasks and how goals will be achieved, identifies what resources will be needed and associated budgets and timelines for completion. A project plan defines all work in a project and identifies who will do it.
What are the 5 stages of project planning?
Project management is mapped into process groups and knowledge areas by the Project Management Institute. The five key process groups are initiating, planning, executing, monitoring and controlling and closing.