Today we talk about five phases in project management. That gave
you basic idea how project divided into phases according to PMI
Project Management Institute, Inc. (PMI) defines project
management as "the application of knowledge, skills, tools and techniques
to a broad range of activities in order to meet the requirements of a
particular project."
1. Initiation
An idea for a project will be carefully examined to
determine whether or not it benefits the organization. Feasibility is done in
this phase. During this phase, a decision making team will identify if the
project can realistically be completed.
2. Planning
A project plan, project charter and/or project scope may be
put in writing, outlining the work to be performed. In this phase, a team
should prioritize the project, calculate a budget and schedule, and determine
what resources are needed.
3. Execution
Resources' tasks are distributed and teams are informed of
responsibilities. This is a good time to bring up important project related
information.
4. Monitoring and Control
Project managers will compare project status and progress to
the actual plan, as resources perform the scheduled work. During this phase,
project managers may need to adjust schedules or do what is necessary to keep
the project on track.
5. Closing
After project tasks are completed and the client
has approved the product/ result, an evaluation is necessary to highlight
project success and/or learn from project history.
