See an Example Project Tolerance and Acceptance Procedure Cost Baseline Management Greater than 10% variance will trigger corrective action.6 – 10% indicates an issue and will trigger an investigation with action taken to document and mitigate any risks or issues that are found.0 – 5 % increase or decrease in Forecast Cost at Completion is acceptable.Include what would trigger the change control process and/or corrective action. Describe what the responses will be to acceptable, warning and unacceptable variances. Use of x proportion of a schedule reserve.Įxplain how the baseline will be monitored and managed.Delay to a task that won’t impact the critical path vs delay that will impact critical path tasks.Use of x% of float for a given task versus use of all float delaying dependent tasks.Most likely change control would be invoked, but some revisions might be allowable without change control.ĭescribe acceptable variances, warnings and unacceptable variances from the schedule. Include what actions would be taken in the event of a threshold being breached or forecast to be breached. 400 gsm paper or 100 gsm paper or water proof to x PSI.ĭescribe how the scope will be controlled and managed. This template includes all of the areas you need to cover, with includes useful hints and tips to help you complete each section. The Project Management Plan is developed during the preparation or initiation phase of the project lifecycle. For example, a Logistics Management Plan or a Safety Management Plan. Most projects will have also management plans that are relevant to the industry or the nature of the deliverables. While it does include its own information, the bulk of the plan will be made up of subsidiary plans for example the: It includes a description of the Project Life Cycle, the development approach to be used for the deliverables, the Project Tolerances or variance thresholds, and how the Baselines will be managed. The Project Management Plan is the project’s operating manual. The Project Management Plan brings together all of the management plans into a comprehensive whole that shows how the project team will carry out the work, monitor progress, control the outputs and close the project.
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