Project management involves the application of knowledge, skills, tools, and techniques to achieve project objectives. To effectively manage a project, various documents are required. Some of these documents include a project charter, project plan, risk management plan, resource plan, change management plan, and communication plan.

The project charter outlines the mission, objectives, scope, and stakeholders of a project. It helps to align all the stakeholders on a common goal. The project plan outlines the tasks, timelines, and resources required to achieve project objectives. It helps to track progress and identify any deviations from the plan. The risk management plan identifies potential risks to the project and outlines strategies to mitigate them.

The resource plan outlines the personnel, equipment, and facilities required to execute project tasks. It helps to ensure that resources are available when needed. The change management plan outlines the process for managing changes to the scope, schedule, or budget of the project. It helps to ensure that changes are controlled and evaluated before implementation.

The communication plan outlines how project information is disseminated to stakeholders. It helps to ensure that stakeholders receive timely and relevant information. The benefits of using these project management documents include improved project planning, better risk management, effective resource management, controlled change management, and efficient communication.

In conclusion, project management documents help to ensure that projects are planned, executed, and monitored effectively. Employing these documents ensures that all stakeholders have a clear understanding of the objectives, timelines, resources required and risks involved in the project. Therefore, project managers should invest time and resources in creating and managing these documents.

  • Growth through innovation/creativity:
    Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
  • Increased profits:
    The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
  • Higher business values:
    The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
  • Lower staff turnover:
    This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.

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