“First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods. Third, adjust all your means to that end.”
The Mentor Group – Project Planning
What is Project Planning?
Project planning is the most important process in project management, where all areas of the project are planned and documented, in order to ensure successful project completion. Proper project planning always saves the project from cost losses, and ensures that this includes all actions required to define, prepare, integrate and coordinate everything that will be implemented. The project plan clearly defines how the project is executed, monitored, controlled and closed.
Project planning requires an in-depth analysis and structuring of the following activities among others:
- Setting a project frame
- Developing the scope
- Identifying project goals
- Identifying project deliverables
- Creating project schedules and cost and plan how to manage them during execution
- Identifying and planning how to best manage stakeholders
- Identifying and mitigating risks
The project plan considers several inputs, including conceptual proposals, integration with other projects, resource requirements/limitations and success metrics imposed by management.
Project planning is a dynamic and iterative process and it’s never truly finished until a project is completed.