subject: Attain Results With Sequential Project Management Phases [print this page] In many things that you would like to do, there exists a cycle that you just go along with. You'll find regular chronological methods for you to operate if you want to get to a ideal result. In baseball, for example, it's impossible to make a homerun unless you strike the ball really good; there isn't really a quick way to a homerun. Otherwise it's not regarded as a point for your team. In the same way, jobs really need to be performed step-by-step to ensure success of the goals set up in the beginning.
In the accomplishment of a project, it is recommended to carry out these project management phases:
1. Project initiation is the first phase, and it establishes the path for the project. Throughout this stage, the group will recognize the company need and the goal of the project by creating a business case. The business case ought to identify the context of the organization and define measurable objectives the project seeks to attain.
In this phase you are going to identify the key sponsor of the project. He is the one to establish the charter to execute the project, supply enough finances and take off hurdles when they occur.
This stage includes appointing the project team and pinpointing the main stakeholders who will probably be included during the whole project. To have a direction in the method of carrying out the project, it is required that the project scope management be clearly , revealing, among others, what's going to and won't be delivered.
2. Project planning is the key phase that revolves around preparing the project's resources, financial situation and schedule. More effort is done to determine if the planned project will likely be of genuine benefit to the business. If the project is recognized as valuable and it is permitted, more detailed organizing ensues. In the course of this phase, you possibly can build the project budget and schedule. The funds should incorporate costs of resources relating to the project activities. The business scope, project requirements, benefits, governance and integrated project management techniques are decided upon.
3. Project execution. After defining the scope of the project and concluding the master plan, it's time to implement. Through this time, you put into practice the activities based on your plan. There are several variables to oversee throughout this period, which includes quality of labor, timelines, potential issues and communications with stakeholders to guarantee that your project stays on track.
4. Closing a project. This period takes place when you finalize all project tasks and keep major data files for future reference. You will give the project deliverables to the customer, close deals with suppliers and report back to the sponsor the achievements of the project.
