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A formal, approved document used to guide both project execution and project control.

Once the project has been initiated, it is time to do some planning. Project planning starts with the process of developing a project management plan, which defines, prepares, coordinates, and integrates all subsidiary plans, such as scope and risk management plans, into one big plan called the project management plan. The goal here is to develop a source of information that will work as a guideline for how the project will be planned, executed, controlled, and closed.

One reason why it is important to develop a project management plan is that not all projects need all the planning processes, and to the same degree. Therefore, the content of the project management plan will depend upon specific project that is being worked on. As the project goes through different stages, the project management plan may be updated and revised through the change control process.

Below are some issues that a Project Management Plan is expected to address.

1. Which project management processes will be used for this process, what the level of implementation for each of these processes will be, and what the inputs and tools and techniques for these processes are

2. How the changes will be monitored and controlled

3. What the needs and techniques for communication among the stakeholders are

4. How the project lifecycle looks, including the project phases if the project is a multiphase project

5. The lifecycle selected for the project at hand

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