What do you do when you have a good project team, good collaboration among them, a well-defined project scope and a realistic project schedule, but still your project is not going anywhere. May be a project management plan is the solution?
A project management plan is a formal and official document that is approved in advance by the PMO or the project stakeholders. It defines how a project is executed, monitored and controlled and closed. It acts as a compass for all the project, irrespective of their objectives and characteristics, in the organization.