The Five Phases of Project Management

There are five definitive processes that project management professionals use to cover the project lifecycle.

 These are known as the five phases of project management that organize and describe the project’s work in detail. 

 Each phase provides an essential step to the project’s development, with all stages interrelated.

 Each of the 5 phases of project management uses varying processes that help develop and move the project forward. Managers must move from each phase in order, covering all processes, until the project is either completed or canceled.

Phase 1: Projection Initiation

  • Create the Project Charter
  • Determine Stakeholders
  • Complete Business Case

Phase 2: Project Planning

  • Create Project Management Plan
  • Define Budget and Scope 
  • Identify Risk
  • Construct Work Breakdown Structure

Phase 3: Project Execution

  • Allocate Project Resources 
  • Schedule Project Tasks 
  • Continue Project Status Updates

Phase 4: Project Control

  • Monitor Progression
  • Measure Key Performance Indicators
  • Revisit Project Management Plan

Phase 5: Project Close

  • Record Project Processes and Findings 
  • Handover Deliverables
  • Document and Review Data

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