Explore
and understand the most crucial phase of the Project Management Lifecycle in
this chapter - Project Planning. Planning in any endeavor is an extensive
exercise.
Project
Planning results in lots and lots of plan and when all these individual plan
come together, you see the grandiose image of your end objective.
This
master plan shows you the glimpse of your product or service once all your
plans are executed in letter and spirit.
In
very simple terms, by the end of the Project Planning phase you come to know
- What will be delivered
- When will it be delivered
- How will you get it
- Who will help you get
- How much will you have to spend
- What risks can impact your end result
- How to handle those risks
Thus essentially the single most
important output of Project Planning is – "Project
Management Plan".
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