The five vital phases of a project are planning, leading, organizing, managing and executing. Out of these planning plays a vital role in the project. It makes sure that the project is in the best quality, in time and cost efficient and finally satisfies the stake holder’s objective of the project.
In this process the project sponsor and key stakeholders agree and understand the important aspects of the project. The project manager ensures that there is a common perception between the sponsor and stakeholders about each and every process of a project for example what the project will deliver, when it will be complete, who will do the work, how the work will be executed and what are the benefits.
There are several benefits for a written agreement with specifications is that it will help to reduce misunderstandings, conflicting assumptions and ensure clarity about tasks to be performed… Continue reading