- Initiation
- Purpose: Define the project at a high level.
- Key activities:
- Identify the need or business opportunity.
- Develop the business case or feasibility study.
- Define high-level objectives and scope.
- Appoint the project manager.
- Create the Project Charter.
- Planning
- Purpose: Develop a roadmap to achieve the project goals.
- Key activities:
- Define detailed project scope (WBS – Work Breakdown Structure).
- Estimate time, costs, and resources.
- Develop the project schedule (e.g., Gantt chart).
- Plan for risk management, communication, and procurement.
- Create the Project Management Plan.
- Execution
- Purpose: Perform the work defined in the plan.
- Key activities:
- Coordinate people and resources.
- Manage teams and contractors.
- Ensure quality control and communication.
- Track and manage deliverables.
- Monitoring and Controlling
- Purpose: Track performance and ensure the project stays on track.
- Key activities:
- Monitor schedule, cost, and scope.
- Measure performance (e.g., Earned Value Analysis).
- Manage changes (change requests).
- Implement corrective and preventive actions.
- Closing
- Purpose: Finalize all activities and formally close the project.
- Key activities:
- Handover final deliverables.
- Close contracts and release resources.
- Conduct post-project review.
- Document lessons learned.
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