Phases of Project Management
A project is a temporary endeavor aimed at achieving unique goals. This involves distinct phases like project definition, initiation, planning, execution, control, and closure. Each phase plays a crucial role in ensuring the success and completion of a project within scope, time, and budget constraints.
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Presentation Transcript
PROJECT A project is a temporary endeavor undertaken to create a unique product or services. A project is one shot, time limited, goal directed, requiring the commitment of varied skills and resources. A project is temporary in that there is defined start( the decision to proceed) and a defined end ( the achievement of the goals and objectives). Projects usually includes constraints and risk regarding costs, schedule or performance outcome.
Conti: A project is a temporary endeavor with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.
Phases of Project A project goes through six phases in its life: Project Definition ( defining the goals, objectives and critical success factors for the project) 2. Project Initiation: Everything that is needed to be set-up the project before work can start. 3. Project Planning: Detailed plans of how the work will be carried out including time, cost and resource estimates. 4. Project Execution: Doing the work to deliver the product, services or desired outcome. 1.
Conti: 5. Project Control: Ensuring that the project stays on track and taking corrective action to ensure it does. 6. Project Closure. Formal acceptance of deliverables and disbanding of all elements that were required to run a project.
