Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 9 · Project Plan Types and Financial Plan Types
Two kinds of plan
Lesson 92 of 198 · 1 min
The project plan is the schedule-and-effort view. Tasks, durations, assigned resources, dependencies. The project manager's plan. The financial plan is the money view. Budgets and forecasts, by resource, by period. Why both exist and how they relate. The project plan can generate a financial plan. A financial plan can exist without a detailed schedule. In some implementations they are tightly linked. In others, deliberately not. The project plan type governs project plan behaviour — task settings, progress settings, the planning RBS used. The financial plan type governs budget and forecast behaviour — plan class, generation, currency, rates, approval. TIGHT LINKAGE MEANS THE FORECAST UPDATES FROM THE SCHEDULE. LOOSE LINKAGE MEANS TWO THINGS TO MAINTAIN AND TWO VERSIONS OF THE TRUTH. How tightly you link them determines how much work a project manager does and how reliable the forecast is. Ask the client which they want before configuring. It is a…
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.