PROJECT MANAGEMENT

METHODOLOGY AND PROJECT PHASES

Create a business case Obtain project

PROJECT Define project Conduct a feasibility
Identify project outlining project authorization and
objectives, scope, and study and assess
INITIATION stakeholders benefits, costs, and establish project
success criteria project viability
risks governance

Estimate resource
Develop a project Identify and assess
PROJECT Define project activities, requirements, including
charter, including goals, Break down the project project risks and
dependencies, and human resources,
PLANNING deliverables, and into manageable tasks develop a risk
sequencing equipment, and
constraints management plan
materials

Manage project
Manage resources
PROJECT Assign tasks and Monitor project risks Maintain communication documentation,
effectively and ensure
responsibilities to team and take appropriate with stakeholders and including version
EXECUTION timely completion of
members actions to mitigate them provide project updates control and record
tasks
keeping

Conduct regular project

PROJECT Monitor project Track actual project Review and analyze Identify deviations from
status meetings and
progress against the costs and compare them project performance the plan and take
MONITORING report progress to
project schedule to the budget indicators and metrics corrective actions
stakeholders

Celebrate project
Complete project Conduct a project Transition project
PROJECT Define project completion and
deliverables and obtain review or evaluation to outputs to the
objectives, scope, and recognize the
CLOSURE formal acceptance from assess project success operational team, if
success criteria contributions of team
stakeholders and lessons learned applicable
members