In this section of your project management plan you will describe how cost and cost variances will be managed.  Of course, the costs you affix will be estimates and should provide an acceptable range of variance, the conditions of the estimate and any assumptions.  For example, you may estimate that a particular item or step will cost $xx.xx with a +/- 10% variance and the assumption that this estimate is only good... 

As part of any project management plan there should be a description of the scheduling process which would include the criteria used for developing and maintaining the actual project schedule.  It can be formal or informal and as detailed or broad as is necessary given the scope and complexity of the project.  The schedule management plan comes into play when there is a need to revise and/or update the actual project... 

The Project Management Institute (PMI®) Project Management Body of Knowledge (PMBOK® Guide) defines project scope as the features and functions that are to be included in a product or service.  Scope management describes how the project will be defined, developed, and verified and how the work breakdown structure will be created and defined and provides guidance on how the project scope will be managed and controlled... 

It is important to have a charter for your project because this is the document that formally authorizes the project and provides for documenting and tracking information required by decision makers to approve the project for funding.   It should include a preliminary delineation of roles and responsibilities and define the authority of the project manager.  The purpose of the charter is to document the reasons for... 

The project description is simply that – a brief description of the project and what it encompasses.  This section of your project management plant should be clear and concise but provide enough information that anyone reading it can get a high level view and understanding of your project.  It should define the purpose, scope and objectives of the project as well as product deliverables, estimated time frame... 

Project Management Institute (PMI®) A Guide to the Project Management Body of Knowledge (PMBOK® Guide) defines a project management plan  as a formal approved document that defines the overall plan for how the project will be executed, monitored and controlled. It is the main planning document for any project and details not only the major aspects of the project but also how these will be managed.  The objective of... 

Studies have proven that goals that are committed to paper are more likely to come to fruition than those that are not.  So, it is true with a project as well.  There are many benefits to creating a Project Management Plan including: Clearly defining roles and responsibilities of individuals involved with the project Clearly defining processes and activities to be addresses within the project Increasing the likelihood... 

The responsibility for drafting and maintaining the Project Management Plan (PMP®) usually lies with the Project Manager.  However, he/she does not do so in isolation.  It is important that all members of the project team collaborate with the PM regarding the creation of the Project Management Plan.  The Project Manager should also seek input from key stakeholders.  This input is critical since a successful Project... 

The Project Management Plan may be a single detailed document or it can be composed of one or more subsidiary planning documents. These additional planning documents provide guidance and direction for specific management, planning, and control activities such as schedule, cost, risk, staffing, change control, communications, quality, procurement, deployment, etc. Each of the subsidiary planning documents should be detailed... 

Since the Project Management Plan is the main planning document for a project, it must describe how the major aspects of the project will be managed and typically includes the following: Project Description Project Charter Scope Management Schedule Management (including milestones and detailed schedules) Financial (cost/budget) Management Quality Management Resource Management Communications Management Project Change...