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Project Phases and Processes
Project Phases and Processes
Project management is a practice of handling project successfully from start to end within budget
and time using various strategies, methodologies and processes. Organizations follow a set of
guidelines and best practices to achieve the project goal. Project Management is an integral factor
which decides the success or failure of a project.
Project management rules are mainly governed by PMI’s A Guide to the Project Management
Body of Knowledge (PMBOK® Guide).
Certified Project Management Professionals (PMP®️) use the best practice of project
management as the certification validates the knowledge, skills, and techniques of project
management aligned with PMBOK® Guide.
According to PMBOK, project management includes,
5 Phases or Process Groups of Project Management
#1 – Project Initiation
#2 – Project Planning
#3 – Project Execution
#4 – Project Monitoring and Control
#5 – Project Closure
Stakeholder Management
The project stakeholder management is the process of identifying suitable stakeholder for the
project and meet the expectation of the selected stakeholder. The success or failure of the project
depends on the key stakeholders.
Four project stakeholder processes are involved in initiating, planning, executing, and monitoring
and controlling the phase of project management.