Article by Janelle Elizabeth
Gain Good Results With Sequential Project Management Phases – Business
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In almost all activities that you do, there’s a cycle that you observe. You’ll find regular chronological actions that you conduct so as to arrive at a desirable result. In baseball, for example, you are unable to make a homerun until you hit the ball really good; there’s no faster way to a homerun. Else it is really not considered as a point for your team. In the same way, tasks ought to be executed step-by-step to ensure achievement of the goals set up at the start.
In the accomplishment of a project, it is essential to implement these project management phases:
1. The first phase is project initiation, and it sets up the path for the project. During this stage, the group will recognize the organization need and the purpose of the project by creating a business case. The business case needs to identify the context of the business and define measurable objectives that the project intends to attain.
In this stage you are going to recognize the key sponsor of the project. He would be the one to establish the charter to handle the project, provide sufficient finances and remove hurdles when they occur.
This stage also includes appointing the project team and discovering the main stakeholders who is going to be involved during the entire project. To have a guide in the process of carrying out the project, it really is required that the project scope management be clearly , stating, among others, what is going to and will not be done.
2. Project planning is the vital stage which is all about preparing the project’s resources, funding and schedule. More work is done to determine whether the proposed project will likely be of genuine advantage to the organization. If the project is regarded as essential and it is authorized, more detailed preparation develops. Throughout this period, you can develop the project budget and timetable. The expense plan should involve costs of resources belonging to the project activities. The business scope, project requirements, benefits, governance and integrated project management techniques are agreed upon.
3. Project execution. After determining the coverage of the project and concluding the plan, it’s the perfect time to execute. During this period, you employ the activities in line with your plan. There are a number of aspects to oversee within this phase, such as quality of work, timeframes, possible problems and communications with stakeholders to make sure that your project stays on course.
4. Closing a project. This stage takes place when you finalize all project tasks and keep important documents for future reference. You will give the project deliverables to the customer, close contracts with suppliers and report back to the sponsor the good results of the project.
About the Author
Generally in most things you do, there exists a sequence that you choose to go along with. There are certainly basic chronological steps that you undertake so as to get to a specific output. In the accomplishment of a project, you must adhere to project management phases.
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whereby the original author’s information and copyright must be included.
Janelle Elizabeth
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