Core processes in planning processes

Core Process

Ülle Pihlak has been advising entrepreneurs for more than 25 years, and has helped to compile more than 1000 business plans. She has been an independent cons...
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According to PMBOK, Some planning processes have clear dependencies that require them to be performed in essentially the same order on most projects. For example, activities must be defined before they can be scheduled or costed. These core planning processes may be iterated several times during any one phase of a project. They include:

■ Scope Planning — developing a written scope statement as the basis for future project decisions.

■ Scope Definition — subdividing the major project deliverables into smaller, more manageable components.

■ Activity Definition — identifying the specific activities that must be performed to produce the various project deliverables.

■ Activity Sequencing — identifying and documenting interactivity dependencies.

■ Activity Duration Estimating — estimating the number of work periods that will be needed to complete individual activities.

■ Schedule Development — analyzing activity sequences, activity durations, and resource requirements to create the project schedule.

■ Risk Management Planning — deciding how to approach and plan for risk management in a project.

■ Resource Planning — determining what resources (people, equipment, materials, etc.) and what quantities of each should be used to perform project activities.

■ Cost Estimating — developing an approximation (estimate) of the costs of the resources required to complete project activities.

■ Cost Budgeting — allocating the overall cost estimate to individual work packages.

■ Project Plan Development — taking the results of other planning processes and putting them into a consistent, coherent document.

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