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      • 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-management.com/project-management-phases/
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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.

    • 9 min
    • 2020
    • 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.
    • 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. The project life cycle includes five main stages: initiation, planning, execution, monitoring and controlling, and closure. Keeping an eye on the completion of each phase helps ensure the project stays on time and within budget.

    • 10 min
    • 354
    • Project initiation phase. Project initiation is arguably the most critical phase of the project life cycle. That's because what happens here will set the tone and goals for what’s to come.
    • Project planning phase. The project planning stage is where you’ll lay out the details of your entire project from beginning to end. The plan you create here will lead your team through the execution, performance, and closure phases of the project life cycle.
    • Project execution phase. In this phase of the project life cycle, the team is off and running! The project execution stage is typically the longest in the project management process because it’s when the actual work is done.
    • Project monitoring & control phase. The monitoring and control phase is all about making sure the project runs smoothly and things go according to plan.
  4. Aug 8, 2024 · The project life cycle comprises five main phases: Initiation, Planning, Execution, Monitoring and Controlling, and Closure. Each phase serves a specific purpose and involves unique activities and deliverables. Project Initiation Phase. Project Planning Phase. Project Execution Phase. Project Monitoring and Controlling Phase. Project Closure Phase.

  5. Oct 18, 2021 · What is the Project Management Life Cycle? 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 ...

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