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Project Management

The document discusses the phases of project management for a project. It outlines 5 phases: 1) Project Initiation which develops the business case and project charter, 2) Project Planning which develops the project roadmap, schedule, communication plan and goals, 3) Project Execution where the actual work is done, 4) Project Monitoring and Controlling which tracks effort, cost and ensures objectives are met, and 5) Project Closing which includes terminating contracts, reflection meetings, and a final project report.

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Divya Kag
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76 views9 pages

Project Management

The document discusses the phases of project management for a project. It outlines 5 phases: 1) Project Initiation which develops the business case and project charter, 2) Project Planning which develops the project roadmap, schedule, communication plan and goals, 3) Project Execution where the actual work is done, 4) Project Monitoring and Controlling which tracks effort, cost and ensures objectives are met, and 5) Project Closing which includes terminating contracts, reflection meetings, and a final project report.

Uploaded by

Divya Kag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Project Management Assignment

Present By :- Deepak Kharka Submitting To.:- Prof.


Ajay Patel Rishabh Pare
Pallavi Patel
Project Management

Project management is the application of processes,


methods, skills, knowledge and experience to achieve
specific project objectives according to the project
acceptance criteria within agreed parameters. Project
management has final deliverables that are constrained to a
finite timescale and budget.
P u r p o s e Of Project
Management

The purpose of project management is to plan and


manage a project to successfully complete its listed
goals and deliverables. It involves identifying and
managing risks, careful resource management,
smart budgeting, and clear communication across
multiple teams and stakeholders.
P h a s e s Of Project
Management
Phase 1:
• Project Initiation

The project initiation phase is the first stage of turning an abstract idea
into a meaningful goal. In this stage, you need to develop a business
case and define the project on a broad level. In order to do that, you
have to determine the need for the project and create a project charter.
Phase 2:

• Project Planning
The project planning stage requires com plete diligence as it lays out
the project’s roadmap. Unless you are using a modern project
management methodology like agile project m anagem ent, the
second phase of project management is expected to take almost half
of the entire project’s tim espan.
In this phase, the primary tasks are identifying technical
requirem ents, developing a detailed project schedule, creating a
com m unication plan, and setting up goals/deliverables.
Phase 3:
• Project Execution
The project execution stage is where your team does the
actual work. A s a project manager, your job is to establish
efficient workflows and carefully monitor the progress of your
team.

Another responsibility of the project manager during this


phase is to consistently maintain effective collaboration
between project stakeholders.This ensures that everyone stays
on the same page and the project runs smoothly without any
issues.
Phase 4:

Project Monitoring & Controlling


In the project management process, the third and fourth phases are
not sequential in nature.The project monitoring and controlling
phase run simultaneously with project execution, thereby ensuring
that objectives and project deliverables are met.

During the monitoring phase of project management, the manager


is also responsible for quantitatively tracking the effort and cost
during the process.This tracking not only ensures that the project
remains within the budget but also is important for future projects.
Phase 5:
Project Closing
This is the final phase of the project management process.The project closure
stage indicates the end of the project after the final delivery.There are times
when external talent is hired specifically for the project on contract.Terminating
these contracts and completing the necessary paperwork is also the
responsibility of the project manager.

Most teams hold a reflection meeting after the completion of the project in order
to contemplate their successes and failures during the project.This is an effective
method to ensure continuous improvement within the company to enhance the
overall productivity of the team in the future.

The final task of this phase is to review the entire project complete a detailed
report that covers every aspect.All of the necessary data is stored in a secure
place that can be accessed by project managers of that organization.

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