5-project management process

Initiation

This is the starting of your project when you must prove the project has value and is feasible. This stage includes creating a business case, to justify the need for the project, and a feasibility study to show that it can be executed within a reasonable time and cost.

Planning

The main deliverable of this second stage is the project plan, which will be the guide for the execution and control phases. The project plan must include every component associated with the execution of the project including the costs, risks, resources and timelines.

Execution

The third stage is project execution, which is where the majority of the work happens. This is the phase where you complete the project activities and milestones to produce the deliverables to the client’s or stakeholder’s satisfaction by following the plan created in the previous stage.

Monitoring and Control

The fourth stage is project monitoring and control, It involves monitoring the progress and performance of the project to ensure sure that it stays on schedule and within budget. Quality control procedures are applied to guarantee quality assurance.

Project Closure

The fifth stage is project closure, in which the final deliverables are presented to the client or stakeholder. Once approved, resources are released, documentation is completed and everything is signed off on.