A02 – Prepare the Project Summary

As soon as the Sponsor is appointed, they outline the Project Summary. This is a document that will be organized and updated by the Project Manager later.

The Sponsor can use a simple text file instead of a template at this time. These topics should be outlined there:

• The goal
• The benefits
• Main requirements and quality expectations
• A rough estimate of cost and time
• Major risks (usually 2 to 5 is enough)
• Customer PM (if exists)

Everything is short, and in plain language. The Project Summary is usually less than a page.