8 Benefits of a Project Management Plan

If you’ve ever felt like keeping the project team on track is like herding cats, then it might be time to start implementing a project management plan.

Just as you wouldn’t set out on an important journey without a clear idea of your destination and which path you’re going to take, a good project management plan gives you the direction you’re heading, and how to know when you’ve arrived. .

As agency leaders, creating a thorough project plan should be an essential step during the project planning phase. In this article, we’ll look at what a project management plan is, and discuss the benefits that project management plans can bring to your team – as well as to your next project.

What is a project management plan?

A project management plan is a document that outlines everything your team needs to know about the project. As with other parts of the project planning process, your written plan should include input from project managers, key stakeholders, and the rest of the team.

A project plan document usually contains:

• the project schedule and timeline
• the project’s scope and deliverables
• human resources and cost management plan
• risk management plan
• plan for the management of project stakeholders, organizational processes and other essential business information that may affect the implementation of the project.

This formal document can get quite long, and so the Project Management Institute (PMI) recommends creating an executive summary as well, which presents the...