What are the importance of good project planning, some common elements of a project plan document, and some recommended practices in planning a good project.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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What are the importance of good project planning, some common elements of a project plan document, and some recommended practices in planning a good project.

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Project management team is responsible for successful execution of the project. The team makes sure that things go as per the plan. If any deviations are observed, this team is the one which make sure that the things are brought back to track. To do so various functions like crashing, expedition is done. These critical functions cannot be performed without a prior and proper planning. Thus, project planning is an important aspect in any project.

 

 

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