Planning flowchart shows how different activities are updated after Risk Management Plan is developed. We cannot finalize the Scope, Schedule and Budget until Risk Management Plan is developed. It is very much necessary to understand the relations between different processes as it helps a lot in answering situation based PMP questions. In PMP, many questions come which judge the knowledge of the exam taker in terms of which process comes before certain process or which process comes after certain process. Along with going through the PMP section, it is necessary to draw the relations between different processes in the form of flowchart to easily understand the overall picture. This article explains the planning flowchart which will clear any doubts you have regarding Planning Processes.
At first, Project charter is developed. From project charter, Stakeholder Register is prepared, we collect requirements and define the scope. This helps in generating Scope Statement. Once Scope statement is generated, WBS and WBS dictionary are created from it. This helps in getting Scope Baseline.
After developing Scope Baseline, from WBS, activity list is generated and then we sequence activities to get the network diagram. After that we estimate activity resources and activity duration. This helps in defining project schedule and schedule baseline.
After developing schedule baseline, activity costs are estimates and then budget is determined. This generates Cost Baseline. After generating project budget and cost baseline, quality management plan is generated. This is followed by Resource Management Plan and Communication Management Plan.
Now Risk Management Plan is developed. After risk management plan is developed, work required for Risk Management activities are added in the WBS. Time required for Risk Management activities are added in the Project Schedule. Costs required for Risk Management activities are added in the Project Budget. It is only after Risk Management Plan is developed, Scope Baseline, Schedule Baseline, and Cost Baseline are finalized. For more details, check Risk Management section.
