Project Management

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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