Phase-1Project Initiation
This is the starting period of your project when you should demonstrate the undertaking has value and is feasible. This stage incorporates making a business case, to legitimize the requirement for the undertaking, and an achievable study to show that it very well may be executed within a sensible time and cost. This is likewise an opportunity to make a task contract, a record that sets out precisely the thing the venture will convey.
- Documentation: Each project has documentation that should be finished before the undertaking can start vigorously. For instance, there’s a business case, which records the reasons why the undertaking is required and what the profit from speculation will be. There’s likewise an attainability study to decide whether the undertaking is even conceivable with thought to an association’s assets. The venture sanction gives an overall outline of the task by characterizing the undertaking’s goals, benefits, partners, imperatives, and suspicions, among different angles.
- Undertaking a feasibility study: Identify the essential issue your task will tackle and whether your venture will convey an answer for that issue
- Recognizing extension :Define the profundity and broadness of the undertaking.
- Assemble of the team: You need resources to execute any project. Before you can make a project schedule, you need to create a project team with the skill sets and experience that the project demands.
- Recognizing expectations: Define the product or administration to provide.
- Recognizing project partners: Figure out whom the venture influences and what their requirements might be.
- Building up a business case: Use the above standards to think about the possible expenses and advantages of the task to decide whether it pushes ahead.
- Building up an explanation of work: Document the undertaking’s goals, extensions, and expectations that you have distinguished already as a working understanding between the venture proprietor and those chipping away at the task.
Phases of the Project Management Lifecycle
In this article, we will discuss the overview of project management Also, we will discuss the phases of project management and then finally conclude with the description of each phase in detail. Let’s discuss it one by one.
Table of Content
- What is Project management ?
- Five phases of project management life cycle :
- Phase-1:Project Initiation :
- Phase-2: Project planning :
- Phase-3: Project execution :
- Phase-4: Task Monitoring and Control :
- Phase-5: Project Closure :
- Conclusion: Phases of the Project Management Lifecycle
- FAQs: Phases of the Project Management Lifecycle