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The Five Stages Of Project Management Phases

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PROJECT MANAGEMENT PHASES
Project Management is an application of learning, abilities, strategies, skills and tools to an expansive scope of activities with a specific end goal to meet the necessities of a project.
If the lifecycle of a project gives an abnormal state perspective of the task, the phases are the roadmap to achieving it. The five phases of “Project Management” based on their technological features are classified as initiating, planning, execution, performance/monitoring and closure.
Initiating: In the point of investment and construction view the term ‘initiation’ can also be referred as ‘pre-investment’ phase. In the initial phase, the project concept is developed and preliminary works that are identified with the project establishment …show more content…

Conducting full level of qualitative surveys. This phase is more of technical side, and provides building solutions for technical, rational and economically ground. Technical economic values are calculated based on the budget. In this phase, identify the major work to be finished to accomplish the project scope and create appraisals and evaluations for time, costs, assets, and dangers. Final project plan of schedule are the end results of planning phase. A communication plan is created for stake holders. Critical paths are identified based on the documents created for detailed work structure. Risk prioritization and mitigation plan are developed based on the risks and lastly, detailed schedule is also created. Even though planning program is considered as important, however, it’s not necessary.
Executing: In project management the most common phase is project execution. It is also referred as implementing phase. Planning is considered as a stepping stone to executing phase. Monitoring and controlling are part of execution plan. In some cases, they are combined because they occur at the almost same time. Scrum, daily or weekly meetings and daily standups are necessary tasks. Re -planning, re organizing are re executed in this phase depending the previous …show more content…

Operational control and acceptance are key measures. Generally, all the tasks and work are derived from the planning phase. Progress measurement, quality improvement, quality control, cost control, risk control, time control and scope change management are included in the execution phase. Any specific adjustments are corrections, based on the customer’s requirements can be carried out here. Once it moves to closeout, adjustments cannot be replaced. Refining the tasks as per clients\customers needs can be replenished and

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