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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Project Elaboration
What is Project Elaboration   

What is Project Elaboration


Project Elaboration is a complex period in a project development. It starts when a project gets initiated and approved as worth of interest and investments. Project managers begin drilling down into more detail to derive estimate on costs and resources of the project. The purpose of project elaboration is actually developing an idea into a specified estimate and plan of action, and as a result having strong grounds for requesting funds, administrative support and resources for project realization. Project elaboration includes:

  • Gathering and considering the customer requirements;
  • Feasibility study of requirements and adjusting them;
  • Detailed analysis and documenting of the project scope;
  • Analysis and assessment of the project risks;
  • Full specification of deliverables;
  • Complete conceptual and technical design;
  • Detailed listing of resources to be engaged into the project;
  • Detailed estimation of the project costs;
  • Handling high-risk elements of the project;
  • Estimate of the overall schedule;
  • Finalize elaboration with a detailed project plan;

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