Developing an effective Project Execution Plan

The Project Execution Plan (PEP) is a document which acts as a primary manner by which the Project is planned, monitored and managed. It assists the management in ensuring the effectiveness and control of their day to day functions.

It should be noted that the Project Execution Plan is a dynamic document, and so for it to serve as a communication tool, it has to be kept updated as the project progresses through its design stages.

To meet the particular state of affairs of a project, the Project Execution Plan needs to be modified accordingly. However, a typical PEP should include plans pertaining to the project as a whole; product purchasing, product development and risk management.

To make sure that everyone understands and carries out their responsibilities, the Project Execution Plan should clearly define the roles, responsibilities and authorities. It should set out the mechanisms and procedures concerning the quality and reporting. Finally, the PEP should cover the major schedules and budgets of the project and resources applicable to it.

An effective Project Execution Plan brings with it various benefits for the project. It highlights the critical drivers and accordingly helps management focus on a clear path forward to support the project effort. It establishes a support for valuable decision making and communication, thus assisting the management in implementing the planned strategies and policies.

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