Preparing a project management plan: propose an appropriate type of contract for the project and come up with a payment plan.you should justify the choice of contract.

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Preparing a project management plan

A time-phased budget plan and propose a suitable contract. You are required to estimate project resources rates and associated costs, and also use MS Project 2016 software to calculate the project budget. You are required to include the budget table and cash flow graph in the project plan. You should also discuss your budget-related assumptions.

  1. Propose an appropriate type of contract for the project and come up with a payment plan. You should justify the choice of contract.
  2. Identify stakeholders, analyse and map them using an appropriate tool, and design an engagement plan. A communication plan should also be developed and discussed. Discuss your stakeholder management approach.