12/17/2022 0 Comments Nude tick tockSteps for the project planning phase may include the following: Project management steps for the planning phase Smaller goals should have a high potential for success. Create smaller goals within the larger project, making sure each is achievable within the time frame. Once the project is approved to move forward based on your business case, statement of work, or project initiation document, you move into the planning phase.ĭuring this phase of the project management life cycle, you break down the larger project into smaller tasks, build your team, and prepare a schedule for the completion of assignments. Developing a statement of work: Document the project’s objectives, scope, and deliverables that you have identified previously as a working agreement between the project owner and those working on the project.Developing a business case: Use the above criteria to compare the potential costs and benefits for the project to determine if it moves forward.Identifying project stakeholders: Figure out whom the project affects and what their needs may be.Identifying deliverables: Define the product or service to provide.Identifying scope: Define the depth and breadth of the project.Undertaking a feasibility study: Identify the primary problem your project will solve and whether your project will deliver a solution to that problem.Steps for the project initiation phase may include the following: Project management steps for the initiation phase During this step, you figure out an objective for your project, determine whether the project is feasible, and identify the major deliverables for the project. Note: Some methodologies also include a fifth phase-controlling or monitoring-but for our purposes, this phase is covered under the execution and closure phases.įirst, you need to identify a business need, problem, or opportunity and brainstorm ways that your team can meet this need, solve this problem, or seize this opportunity. These phases make up the path that takes your project from the beginning to the end. The project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure. 4 phases of the project management life cycle In the phases of the project management life cycle, you come up with the idea for a project, define its goals, plan for its execution, and guide it to completion. Wasted money and resources can be prevented with effective project management, as more than half of unsuccessful projects fail due to communication breakdown. The project management life cycle describes high-level processes for delivering a successful project. Learn the four phases of the project management life cycle to keep your project organized and on track from initation to close. Whether you’re working on a small project with modest business goals or a large, multi-departmental initiative with sweeping corporate implications, an understanding of the project management life cycle is essential.
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