Initiation Stage Plan
Question
Which statement is an appropriate entry for the Initiation Stage Plan?
Answers
Explanations
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A. B. C. D.B.
Sure, I'll be happy to explain each option in detail and provide insight into which one is the appropriate entry for the Initiation Stage Plan.
A. The Daily Log has been updated with the new risks which were identified while preparing the Initiation Stage Plan. This statement seems to be related to the risk management aspect of the project. While it's important to update the Daily Log with new risks, this statement alone doesn't provide any information on the Initiation Stage Plan. Therefore, this statement is not an appropriate entry for the Initiation Stage Plan.
B. The plan is based on the external outsourcing consultants being available at the start of the initiation stage. This statement seems to be related to the resource management aspect of the project. It's important to identify and secure necessary resources at the beginning of the project to ensure its success. Therefore, this statement is an appropriate entry for the Initiation Stage Plan.
C. The initial project cost estimate of £2.5m will have a tolerance of +£125k J•£75k. This statement seems to be related to the cost management aspect of the project. While it's important to have a well-defined cost estimate and tolerance range, this statement alone doesn't provide any information on the Initiation Stage Plan. Therefore, this statement is not an appropriate entry for the Initiation Stage Plan.
D. The project management team will consist of representatives from the IT and Facilities Divisions. This statement seems to be related to the organization and team management aspect of the project. It's important to have a well-defined project management team at the beginning of the project to ensure its success. Therefore, this statement is an appropriate entry for the Initiation Stage Plan.
In summary, the appropriate entry for the Initiation Stage Plan is option B: The plan is based on the external outsourcing consultants being available at the start of the initiation stage. However, it's also important to keep in mind that all aspects related to risk, cost, organization, and team management should be considered when preparing the Initiation Stage Plan.
