These guidelines may include which level of the WBS cost accounts will be created in and the establishment of acceptable variances. Research conducted on what factors are deemed to significantly influence a project’s success had the following findings: Other factors that are often equated as critical success factors include: With any project, the most valuable resource is the people involved in the project, and those that make up your project team, and that is why resource planning in project management is also essential. Thus, the project team can have an approved version of the project plan example when the project sponsor authorizes the team to start executing project work. //--> Some of them are appended below. The Cost Management Plan clearly defines how the costs on a project will be managed throughout the project's lifecycle. The project deliverables are those goods or services produced as a result of your project, that you intend to deliver to your client or customer. Sometimes, a project does go through the entire project management planning phase but suffers because of poor execution. Management plans are also often used as a guide to take help from when issues or problems arise. This is just the tip of the mountain, check out the complete list of features available on the nTask website, to see how effortless your planning will become. If any changes are proposed and approved by the Project Sponsor and CCB, the Project Manager is responsible for communicating the changes to the project team and updating all project plans and documentation. The scope statement from the project charter should be used as a starting point; however, the project plan needs to include a much more detailed scope than the charter. There you have it! //-->. In addition to this project plan template we have a detailed Cost Management Plan Template available on our website. Total Software Incorporated (TSI) has recently approved the SmartVoice project to move forward for project initiation within the research and development (R&D) group. The difference between the two may completely depend on the organization you are working with. This will help to clarify what is included in the project and help to avoid any confusion from project team members and stakeholders.