![]() “The planning process starts with collecting requirements from stakeholders. “You need input to generate output,” Alexis says. Once you’ve created a project charter and identified key project stakeholders, it’s essential to gather requirements. Collect requirements from key stakeholders. Based on his experience, he recommends project managers follow the below steps to develop a plan that results in quality deliverables on time and within budget. He has nearly two decades of experience managing major programs and projects within the manufacturing and power generation industries. How to Create a Realistic Project Plan in 12 StepsĪlexis is a scholar-practitioner with a unique combination of expertise in business economics, general management, portfolio, project, and operations management. Learn what you need to know, from in-demand skills to the industry’s growing job opportunities. There is ample evidence that planning is a critical success factor in project management.”ĭownload Our Free Guide to Advancing Your Project Management Career ![]() ![]() If you don’t understand the sco pe of the project, then the schedule and the budget will be unrealistic. Often this means the project management team did not engage stakeholders in the planning and therefore didn’t understand the scope of the project. “ Poor planning has been one of the consistent causes of failure. “For decades, we’ve been trying to improve the rate of project success,” says Northeastern University assistant teaching professor Jacques Alexis. Today’s organizations must uncover the cause of these failures and determine what project management professionals can do to help overcome these challenges. The Project Management Institute’s 2020 Pulse of the Profession report reveals that 11.4 percent of business investment is wasted due to poor project performance.
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