Overview
  Key Features
  Product Feature Matrix
  System Requirements
  Customization & Integration
  Free Product Training
  Free Project Management Training
  Overview
  Benefits of PMI Training
  PMI Project Management Webinars
  IT Methodology Webinars
  Archived Project Management Webinars
  Archived IT Methodology Webinars
  PM Basics
  QAIassist Integrated IT Methodology
  Support Policy
  Maintenance
  White Papers

5 Basic Phases of Project Management

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." The process of directing and controlling a project from start to finish may be further divided into 5 basic phases:

1. Project conception and initiation

An idea for a project will be carefully examined 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.

2. Project definition and planning

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, and determine what resources are needed.

3. Project launch or execution

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

4. Project performance 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. Project close

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

Projects and project management processes vary from industry to industry; however, these are more traditional elements of a project. The overarching goal is typically to offer a product, change a process or to solve a problem in order to benefit the organization.

Project Management Software Tour
Project Management Softare Demonstration

<< Previous | Next >> What is the difference between projects and operations?

Prepared by Metafuse, Inc. in conjuction with Core Performance Concepts, a PMI registered education partner.
PMI is a registered mark of Project Management Institute, Inc.
©1997 - 2014 Project Insight® by Metafuse, Inc.