The Management Spectrum | 4 P's in Software Project Planning

For properly building a product, there's a very important concept that we all should know in software project planning while developing a product. There are 4 critical components in software project planning which are known as the 4P's namely:

• Product
• Process
• People
• Project

These components play a very important role in your project that can help your team meet its goals and objective. Now, Let's dive into each of them a little in detail to get a better understanding:

• People 
  The most important component of a product and its successful implementation is human resources. In building a proper product, a well-managed team with clear-cut roles defined for each person/team will lead to the success of the product. We need to have a good team in order to save our time, cost, and effort. Some assigned roles in software project planning are project manager, team leaders, stakeholders, analysts, and other IT professionals. Managing people successfully is a tricky process which a good project manager can do. 
• Product 
  As the name inferred, this is the deliverable or the result of the project. The project manager should clearly define the product scope to ensure a successful result, control the team members, as well technical hurdles that he or she may encounter during the building of a product. The product can consist of both tangible or intangible such as shifting the company to a new place or getting a new software in a company.
• Process 
  In every planning, a clearly defined process is the key to the success of any product. It regulates how the team will go about its development in the respective time period. The Process has several steps involved like, documentation phase, implementation phase, deployment phase, and interaction phase.
• Project 
  The last and final P in software project planning is Project. It can also be considered as a blueprint of process. In this phase, the project manager plays a critical role. They are responsible to guide the team members to achieve the project’s target and objectives, helping & assisting them with issues, checking on cost and budget, and making sure that the project stays on track with the given deadlines.