Without realizing it, plans play an important role in our daily lives. I will make a steak for dinner, “I want to finish this book”, “I am going with my parents this weekend,” etc. These are just a few of the small plans that we make in our daily lives. A planning process is necessary for complex projects that involve multiple perspectives, such as Project. A proper planning process is essential for managing a project. We will be discussing the reasons, the results, and the types of project planning in this blog post.
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Planning Process and the Project Life Cycle
This is the phase of the project’s life cycle. It begins after the project initiation. This process ensures that the project is planned and executed in a healthy way to meet its objectives. The planning process allows you to walk through the project and organize it before it is actually completed. This is done for each task. It includes cost estimates, schedule estimates, interdependency, and other tasks. These are analyzed and an overall plan is created. This will give an indication of the overall budget, duration, and other details. This ensures that the company is aware of all allocations.
What can be done?
Planning can help you save time, money, and resources. Planning ensures that you have what you need when. Planning will help you to plan when testing will begin and how you can negotiate with the manager of the test department to assign test engineers when testing is required.
What is the end result?
The project management plan and project documents are the results of the project planning group. You should note that project management plans include many other plans, such as cost management plan and schedule management plan. These plans also include detailed guidelines for managing different aspects of projects.
Planning is iterative. This means that each step can have an impact on or cause changes to the previous steps. Let’s say you have two activities within your project. The first activity takes 5 days, while the second activity takes 7 days. The second activity cannot begin before the first activity has ended. Let’s say that the first activity is completed within 8 days. This will impact the start date for the second activity, revision, and reiteration respectively.
What is the importance of Risk Analysis and Risk Management for Project Planning?
Since the final cost and schedule can only be determined after Risk Analysis, iterations begin after Risk Analysis. Each risk comes with a cost to mitigate the effects of their occurrence. These costs are included in the budget and planned during the planning process.
Risk Management can lead to changes in the use of resources, their sequence, and nearly all other aspects of the “planning process”. Based on the project’s risks, alternative and optimal solutions must be found to minimize the chance of risk. This causes planning changes.
There are two types of planning process
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