Project Management Institute also know as (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 management.

The process of delivering and controlling a project from start to finish may be simplified into 5 basic phases:

1.       Conceptualize and Initiate Project

An idea for a project in Project Management will be carefully examined. This is to determine whether or not it benefits the organization. During this phase, a decision making team will identify if the project can realistically be completed.

– Project should benefit the organization

– Project can realistically be completed

2.       Define Planning map for a Project

A project plan, project charter and/or project scope may be put in writing, outlining the work to be performed. During this phase, a team should prioritize the project, calculate a budget and schedule. Also, determine what resources are needed.

– Product Outlining to be done for execution

– Defined Project Charter or Project Scope

3.       Lets Go – Execute the Project

Resources’ tasks are distributed and teams are informed of responsibilities. This is a good time to bring up important project related information.

– Creating WBS (Work Breakdown Structure)

– Defined Roles and Responsibility Matrix

4.       Check Project performance and apply control mechanism

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.

– Project Progress Report

– Manage necessary changes in Project

5.       Closure of the Project

After project tasks are completed and the client has approved the outcome, an evaluation is necessary to highlight project success and learn from project history.

– Project Success Report

– Note Project Take Backs

Project Management when applied along with skills gives positive results. Some more worth reading articles:

Do share your views in comment section. or if you have more references to Project Management, feel free to post links in comment section for readers to read.. Cheers !

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