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5 Important Phases In The Project Management

5 Important Phases In The Project Management

There are three important phases required for a successful completion of a project

  • Determination
  • Focus
  • Planning

Completing a project successfully requires a lot of determination.Nothing is possible in this world if you are not determined enough to face the challenges and the situations that may come amidst the completion of a project. Once you make your mind the next phase begins with the strategic planning and then the execution of the plans. It is not necessary that whatever you plan in the initial phases have to be executed in the same manner, there may be changes and alterations, you have to keep your focus on the aim of your project and then follow the plans.

The project management requires a whole lot of things to reach the aim.The right amount of knowledge, skills, tools, and techniques are the only things that can help you with your aim. The project is divided into five different phases from the start to the finish. These five phases are:

  • Initiation and the goals of the project:

Every project starts with a particular aim and the profits that it would give. The first phase of the project is the phase where a layout of the project is created, and then the monetary issues are discussed. Once the layout is formed, the group of members that own the project sits with the financial advisors and discuss their plan about, whether or not the project will give them the desired output and the profits.

  • Project planning:

After the advisors give a green signal to the team about the approval of the plan, the people who will hold the charge are told to create a blueprint of the project, set a budget and the resources that will be needed to complete the project. This phase is an important phase as all the requirements about the resources and the layouts, and the resources are listed in this phase.

  • Project Execution:

In This phase, the team members are informed about their responsibilities and the role in the project. The tasks are distributed and then the execution of the plan takes place. This is an important phase as it helps us in getting information that is related to our project.

  •  Project control and the performance:

It is important to keep a check and track on the execution of the project. The duration of the completion of the project is divided into three equal quarters, and a review is done in every quarter. It is to check the jobs that have been completed and the ones that are remaining. A proforma is then prepared, and it is then cross-checked with the actual layout of the plan. This gives the managers an idea of whether the project is going to be completed in the desired duration that was analyzed or is it going to delay. If the project is delayed the managers have to speed up the job and bring things back on the track.

  • Project Closure:

After the project has been completed successfully, a report is generated whether the project was successful and up to the mark of the expectation of the client or not. If the project faced some problems, it is written on the proforma as a project history to let people know where they lacked in the previous project and how to overcome it. It is basically to generate a project history for the future references.
The project management varies from one organization to the other. However, there is one thing that will never change in the entire hierarchy, and that is the Goal. The only goal of the project is to complete the project without any casualties and in the time that it was supposed to be completed. Focus on it and you will find completing a project very easy.