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Article by Dora B. Tarver
The Third Phase of the Project Life Cycle – Business – Management
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The third phase of the cycle involves addressing the most important aspects of the project that include project control, communication, and project execution. Known as the execution phase of the project, the clearly laid out and elaborate solutions that are designed as a part of the project life cycle are implemented to solve problems per the project’s specified requirements. During this phase, the underlying plan of the project is set to motion and the overall progress of the work is closely monitored to make appropriate adjustments and record associated variations from the original plan. In project layouts for the development of products and systems, a design that incorporates all the essential elements and product requirements is created through testing, reviews, and analyzing prototypes. With the progression of the execution phase, various groups of the target organization get more deeply involved in the final phase of the project that includes production, product testing, and support.
Some of the most common methodologies and tools that are used during this phase involve Milestones Reviews, further additions to the Business Plan, Risk Analysis, and Score Cards updates. The project manager spends the maximum amount of time on this step as status reports on the progress of the project and task execution are discussed during regular team meetings. This information is used by them to measure and track the performance of all the project-related activities and take immediate corrective action if required. The sponsors of the project and key stakeholders should always be aware of the status of the project as well as the other parameters like the costs incurred, the schedule as well as the quality of the deliverables to ensure that they meet the set acceptance criteria per the agreed upon format and frequency. After this, the project is all set for closure.
This article is part of a series of articles that give discussion to the Project life cycle. You can view the rest of the articles in e-projectmanagers.com. This is published under the July newsletter while other Project life cycle articles were published in the earlier editions. This is an ongoing series of articles that aims to wholly define the processes of the project life cycle.
This article was written by Soumya Nalam for E-project managers. You can view her profile in the Newsletters as well. She has authored 4 articles for e project managers, all of which are incorporated in the Newsletter issues.
About the Author
This article is part of the June Newsletter of e-projectmanagers.com, accessible through http://www.e-projectmanagers.com/June-2011-Newsletter/View-issue.html.
Dora Tarver is the founder of e-ProjectManagers.com and CreateAndManageSchedules.com and is available to provide consulting services globally.
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
Dora B. Tarver
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