Project Management: The Four Phases Of Project Management

1657 Words7 Pages
PROJECT According to encyclopedia of Management, a Project is an organized unit dedicated to the attainment of goal- the successful completion of a development project on time, within a budget, in conformance with pre-determined programme specifications. According to Little and Mirrless, a project is any scheme or part of a scheme for investing resources which can be reasonably analysed and evaluated as an independent unit. PROJECT MANAGEMENT Refers to the management of projects, which are temporary, non-routine, one-time endeavours undertaken for producing a definite product or offering a unique service.It uses a set of tools, techniques, principles and methods for planning and executing the project work effectively with the objective of completing…show more content…
Even though the phases have distinct qualities, they overlap. For example, you’ll typically begin planning with a ballpark budget figure and an estimated completion date. Once you’re in the build-up and implementation phases, you’ll define and begin to execute the details of the project plan. That will give you new information, so you’ll revise your budget and end date—in other words, do more planning—according to your clearer understanding of the big picture. Here’s an overview of each phase and the activities involved. Planning: How to Map Out a Project When people think of project planning, their minds tend to jump immediately to scheduling—but you won’t even get to that part until the build-up phase. Planning is really about defining fundamentals: what problem needs solving, who will be involved, and what will be…show more content…
They will work with you to spell out exactly what success on the project means. Have them sign off on what they expect at the end of the project and what they are willing to contribute to it. And if the stakeholders change midstream, be prepared not only to respond to the new players but also to include all the others in any decision to redirect the project. Define project objectives One of your most challenging planning tasks is to meld stakeholders’ various expectations into a coherent and manageable set of goals. The project’s success will be measured by how well you meet those goals. The more explicitly you state them at the outset, the less disagreement you will face later about whether you have met expectations. In the planning phase, however, much is still in flux, so you’ll revise your objectives later on, as you gather information about what you need to achieve. Determine scope, resources, and major
Open Document