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Project plan is a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summary or detailed. [7]
In a project or contract, the WBS is developed by starting with the end objective and successively subdividing it into manageable components in terms of size, duration, and responsibility (e.g., systems, subsystems, components, tasks, subtasks, and work packages) which include all steps necessary to achieve the objective.
The PMBOK Guide is process-based, meaning it describes work as being accomplished by processes. This approach is consistent with other management standards such as ISO 9000 and the Software Engineering Institute's CMMI. Processes overlap and interact throughout a project or its various phases. Inputs (documents, plans, designs, etc.)
Sometimes, as an enabler of cross-training, the company adopts (perhaps as an element of a contract with the labor union) skill-base pay, [5] [6] which refers to a pay-for-skills incentive; for example, for each new skill mastered, the employee's wage rate is increased by some amount, such as $0.50 per hour.
The first step encompasses the content of the contract on a broad level. This includes the most important project goals, topics and epics as well as the legal framework. [3] One of the epics that best represents the entire project is chosen, specified in more detail and turned into several user stories. A well-chosen epic should turn into a ...
A management contract can involve a wide range of functions such as technical operation of Design, Procurement, management of personnel, accounting, Construction work, services, and training. Taking advantage of economies of scale, international reservation systems, and brand awareness, a large number of hotels in Asia run under management ...
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The terms of reference are created during the earlier stages of project management by the founders of the project in question, immediately after the approval of a project business case. They are documented by the project manager and presented to the project sponsor or sponsors for approval. Once the terms have been approved, the members of the ...