5 Basic Phases of Project Management

What are the 5 basic phases of project management? Project organizing and scheduling is more effective if as a project manager you are well aware of these phases as well as their inter connectivity with each other.

It is a responsibility of project leader to successfully plan out operations and execute them accordingly by dividing the tasks among his project team observing skilled and suitable persons for each process.

You are able to come up with best outcome products in the available resources if you are careful enough to differentiate each stage and therefore managing project efficiently. Monitoring performance of project team and taking controlling actions are fundamentally required in organizations to prevent risks and issues to affect your operation at large. Closing project on time with all the deliverables is easy.

5 basic phases of project management

  • Initiation
  • Planning
  • Design
  • Executing
  • Development
  • Monitoring
  • Controlling
  • Closing
  • Issues
  • Risk management
  • Budgeting
  • Scheduling
  • Management
  • Organizing

Project management is necessary to achieve desired results on time which is possible if you are able to outline project schedules and project budgeting.

5 basic phases are defined as project manager is required to work on them to prevent deadline coming up without completing work. Before initiation necessary templates and documents are prepared.

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