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STEP BY STEP

The Five phases of Project Management

  • Project Selection

    The team selects the project and decides if it will benefit the organization. They define the scope of the project and their desired outcomes.

  • Project Planning

    Decide on a budget, set timeline, identify resources, availability of resources, materials and expertise critical from the start to the end of the project.

  • Execution

    Most of the work/services is carried out in this stage and needs the project managers full attention.

  • Monitor & Control

    After implementation the project manager needs to keep control. This is done by regular reporting of issues, risks, progress and the constant checking of the business case to make sure that the expected benefits and services will be delivered.

  • Project Closure

    A project needs to be formally closed in this stage. It includes a chain of important tasks such as making the delivery, relieving resources, reward and recognition to the team members and formal termination of contractors in case of employment.

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