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  2. Nov 29, 2023 · Within the project lifecycle, there are 5 project phases, as defined by the Project Management Institute: Project Initiation. Project Planning. Project Execution. Project Monitoring and Control. Project Closure.

    • Project Initiation Phase. Initiating the first phase of the project life cycle is all about doing a project kickoff meeting with your team and with the client, and getting their commitment to start the project.
    • Project Planning Phase. After receiving approval to proceed in the initiation phase, you can begin project planning, typically using a Gantt chart tool.
    • Project Execution Phase. This is the part of the project life cycle where you finally get to execute on your awesome project plan. You bring your resources onboard, brief them, set the ground rules, and introduce them to one another.
    • Project Monitoring & Controlling Phase. This project management step involves reporting on performance and monitoring and controlling the project. That means ensuring the project is going according to plan, and if it isn’t, controlling it by working out solutions to get it back on track.
  3. Jan 26, 2023 · The project life cycle is made up of five project stages: project initiation, project planning, project execution, monitoring & control and project closing. Each of these phases is necessary for the effective delivery of the project.

  4. What is the project life cycle? The project management life cycle provides a structured plan for project managers to guide their projects to successful completion. It includes all the stages needed in a project – from the inception of an idea to the final implementation.

    • Initiating. In the initiation phase, you’ll define the project, including: Project goals, scope, and resources. Project purpose. What roles are needed on the team.
    • Planning. In the planning phase, you’ll determine the steps to actually achieve the project goals—the “how” of completing a project. You’ll establish budgets, timelines, and milestones, and source materials and necessary documents.
    • Execute and complete tasks. Executing a project means putting your plan into action and keeping the team on track. Generally this means tracking and measuring progress, managing quality, mitigating risk, managing the budget, and using data to inform your decisions.
    • Close projects. In the closing phase of the project management lifecycle, you’ll conclude project activities, turn the finished product or service over to its new owners, and assess the things that went well and didn’t go so well.
  5. Oct 18, 2021 · The project management life cycle (or, the project life cycle) is a framework that helps project managers oversee projects from start to finish. It's made up of 6 key stages: Initiation. Planning. Execution. Monitoring and Controlling. Closure. Post-Project Optimization. The infographic below summarizes the important aspects of each stage.

  6. Dec 27, 2016 · Planning. Executing. Monitoring & Controlling. Closing. In this article, we’re going to look in detail at what these project management phases consist of, the key project management steps, and how...

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