Project Management Steps
Project Management
Introduction:
A project is a temporary endeavour, having a defined beginning and undertaken to meet unique goals and objectives Project management involves initiation, planning, execution, monitoring and controlling. In other words Project management is the art and science of sequencing and stringing all these activities together into a coherent whole to ensure that the final delivery meets the desired specification. It can be said as juggling three balls at a time. It involves maintaining a fine balance between delivering on time, within budget while ensuring quality.
Project Management Steps:
Initiation Step
The initiation processes determine the nature and scope of the project. If this stage is not performed well, it is unlikely that the project will be successful in meeting the business needs. The key project controls needed here are an understanding of the business environment and making sure that all necessary controls are incorporated into the project. The steps involves
Identify Key Stakeholders
Defining the Project
Identifying the Project Goals
Level Setting the Project Expectations
Developing the Statement of Work,
Outline the Project Scope
The Planning Step
The project is planned to an appropriate level of detail. The main purpose is to plan time, cost and resources adequately to estimate the work needed and to effectively manage risk during project execution .The steps involves
Develop Task List
Publish Project Activities Required to Complete the Project
Develop Project Schedule
Coordinate the Project Budget
Revisit Project Scope and Statement of Work and make Adjustments
Gather Stakeholder Approval
The Execution Step
Execution step consists of the processes used to complete the work defined in the project management plan to accomplish the projects requirements. Execution process involves coordinating people and resources, as well as integrating and performing the activities of the project in accordance with the project management plan. The steps involves
Schedule Team Meetings
Communicate Regularly with Stakeholders
Develop Problem Remediation