Project Management Plan for ACIC Company

Project Management Plan
<University>
<Project Management>
by
<Your Name>
<Date>
<Lecturer’s Name and Course Number>
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Project Management Plan
EXECUTIVE SUMMARY
Project Management Plan (PMP) plays vital role in project management process as it
leads to effective development of the project. For the present file, PMP of ACIC Company is
taken into consideration. In context to this, the study has included proper critical analysis and
evaluation of the PMP for identifying its effectiveness with respect to the PMBOK. Project
description has added to the study which included information about the project, company,
purpose of the project and many more. Along with this, project context has been described in the
research. This section consists of critical analysis of the different sections of PMP of ACIC firm.
In the end, recommendations have been suggested for handling the drawbacks and improving the
PMP.
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Project Management Plan
Table of contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
PROJECT BACKGROUND...........................................................................................................4
CONCEPTS OF PMP......................................................................................................................5
Project Overview:........................................................................................................................5
Project Planning:..........................................................................................................................6
Project Tracking:.......................................................................................................................10
Project Team:.............................................................................................................................12
CONCLUSION..............................................................................................................................13
RECOMMENDATIONS...............................................................................................................13
REFERENCES..............................................................................................................................15
APPENDIX....................................................................................................................................18
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Project Management Plan
INTRODUCTION
Project management plan (PMP) refers to the formal, approved document which explains the
way in which project is executed, reviewed and controlled. PMP is a detailed document having
baselines, subsidiary management plan, risk management plan, quality management plan and
other planning documents. Project management is the process of initiating, planning, executing,
controlling and closing the entire work performed by the team members of an organisation for
accomplishing some specific goals and objectives in the decided period. It is necessary to have
different technical skills and management strategies for achieving the aim of the project. One of
the significant challenges regarding the project management is to meet all the project objectives
within the decided constraints. It is necessary that PMP should be available for all the project
members for providing them essential information regarding the project (Chauhan and
SRIVASTAVA, 2015).
For the current study, Project Management Plan for ACIC Project is taken into consideration.
This project includes two elements: Brokerage Account Opening application on the company’s
website and account opening and maintenance of the application. With respect to this, the file
consists of proper analysis and evaluation of the taken Project Management Plan. The study
consists of project background which explains the project, its aim, purpose, different
components, etc. Along with this, contents of the PMP critically analyse each significant section
of the project and provides the theoretical framework. This section of the file informs about the
quality and accuracy of the PMP. In the end, recommendations are added to the file for
improving the loopholes and enhancing the quality of the PMP.
PROJECT BACKGROUND
Project Management Plan for ACIC project is a real life project which is executed by the
commercial firm. All Canadian investment corporation (ACIC) is a USA based Investment
Company which needs to develop Brokerage Account. The PMP is based on the development of
the application with two components. The first component of the application includes Brokerage
Account Opening application on the website of the company for allowing any user to open
Brokerage Account with ACIC (Chauhan and SRIVASTAVA, 2015). On the other hand, the
second component is account opening and maintenance application which is for the
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