Project Management: Difference between revisions
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* Compares projected budget and scope outlines against project progress in the status quo | * Compares projected budget and scope outlines against project progress in the status quo | ||
* Monitors quality of deliverables | * Monitors quality of deliverables | ||
===Project Closure=== | |||
* Reflects on major wins and losses throughout the project lifecycle | |||
* Delivers final deliverables and project outcomes | |||
* Provides an opportunity for team reflection and discussion | |||
[[Category:Company]] | [[Category:Company]] |
Revision as of 14:16, 8 December 2024
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5 Phases of a Project
Project Initiation
- Defines project vision, goals, and objectives
- Outlines clear milestones, project tasking and project timeline
- Identifies potential risks and roadblocks throughout the project
Project Planning
- Outlines an estimated budget and plan for resource management
- Answers the "what", "how", and "when" of the project plan
- Clarifies project scope
Project Execution
- Monitors project status as actions are taken
- Engages stakeholders and team members in open communication
- Relies on predetermined systems to keep execution moving forward smoothly
Project Monitoring & Control
- Tracks team performance against KPIs and goals
- Compares projected budget and scope outlines against project progress in the status quo
- Monitors quality of deliverables
Project Closure
- Reflects on major wins and losses throughout the project lifecycle
- Delivers final deliverables and project outcomes
- Provides an opportunity for team reflection and discussion