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A Project Management Plan is actually a formal document that helps outline all the components of a project – from stakeholders and scope all the way to risk management and contingency plans. Far more than just a schedule, these extensive and comprehensive reports give decision makers all the information they need to decide on whether this project is worth pursuing. It is essentially a blueprint for the project that aims to describe what the project is, the impacts it will have on the company, the costs and rewards that may be earned upon completion, and what kinds of hurdles are expected along the way.
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