Running Head: PROJECT MANAGEMENT PLANSProject Management PlansStudents NameUniversity Affiliation1PROJECT MANAGEMENT PLANS2Waterfall methodScope of workAfter being around for almost half a century, the waterfall method presents a logical flowof various tasks from the beginning of the project to the end (Pedersen, 2013). For thedevelopment of a particular product, the scope of work could be any number of years. The lengthof time depends on the product being developed. For instance, a simple project to develop asocial media product could take approximately one year.StakeholdersIn the waterfall method, the stakeholders can be defined as the project owner, the projectmanager, the designers, the developers, the members of the project team, users, customers,project sponsors, and executives. In other words, the stakeholders are people or entities with avested interest in a project. As such, the project will affect them in one way or another along theway. Likewise, the input of stakeholders will directly impact the outcome of the project. Theproject will be considered successful if it achieves its objectives and also exceeds stakeholderexpectations. Such stakeholders include the project sponsor, the government, the topmanagement, the project team members, the manager, the external customers, and the suppliers.Reporting structuresIn the waterfall method, the reporting structure is characterized by heavy dependence onthe proper documentation of every p ...
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