Visualize this as your project's roadmap. You will chart out each action, set deadlines, allocate budgets, and assign who's doing what. It is also about developing a approach to track your project's heartbeat – its development and return on investment decision.

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But you will find a lot more to your project than simply timelines. Your project should also have an owner (someone who's accountable) plus a spending budget. A spending plan means that tangible methods are allocated to this project.