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Moreover, this document allows project managers to set accurate and realistic expectations with stakeholders, leverage transparency formed with the client, monitor progress, respond with corrective action if necessary, maintain expected margin, increase ROI, and produce data to benchmark for future projects. This tool is useful for project managers and team members to assess whether they are progressing in the right direction once the project is ongoing.

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It determines crucial decision points such as which professional to hire for the specific sub-task in the project, who can assist with several components and be able to work within the project budget, and what quality of materials is needed for the development of the project.

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