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- 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
www.visme.co/blog/project-life-cycle/
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Nov 29, 2023 · Learn how to break down the project management process into five phases: Initiation, Planning, Execution, Monitoring & Control, and Closure.
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.
- 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.
- Project Initiation Phase. The first phase in the project management life cycle is the initiation phase. This phase is the starting point for all projects when we need to make a positive decision about the objectives we need to achieve.
- Project Planning Phase. This phase of the project is essentially the plan that tells you where you are supposed to be in the first place. Without a plan, you have no idea if you are doing okay or not.
- Project Execution Phase. In the execution phase, work begins on implementing the project plan. This means putting it into action as soon as possible. The famous quote “Procrastination is the thief of time” holds very true for project execution.
- Project Control Phase. In the previous, execution phase, the process had started and now in this project management life cycle phase, the focus is on monitoring the processes as the work is performed.
- Project initiation. In the initiation phase of the project management model, the project is defined on a broad level. This is the time to identify project sponsors and stakeholders and begin the initial research phase.
- Project planning. In the project planning stage of project management, you’ll create clear goals using a project roadmap. While there are multiple ways to execute goal planning, SMART goals, CLEAR goals, and objectives and key results (OKRs) are three project planning strategies that can help you get started.
- Project execution. In the execution phase, your team will focus on achieving the objectives that were set. They will use the information gathered in the first two steps to create and launch the project within the specified timeframe using teamwork and collaboration.
- Project performance. Measuring the effectiveness of a project is important for several reasons. Being able to improve the project is a big one, but it’s also important because team members can learn from both success and failure.
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.
The project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure. These phases make up the path that takes your project from the beginning to the end.
