All the documents made are signed by the stakeholders so that in the future no dispute can happen about the payables. In this phase resources of the project are counter-checked. The wrap of the project is a tough phase. By carefully analyzing the current situation of the project alterations are expected to be done in the plan of action. In the analysis phase, all these points are brought into consideration, and changes are made if the project is not meeting the targets. At times some unforeseen risks occur during the project such as any natural disaster or technical disability that may hamper the productivity of the team. It is very important to keep a check on the performance, budget, risks, gap analysis, and progress of the project. Most of the things are happening in this phase.Ī final meeting is done just at the start of this phase to clear the agenda and review the deadlines to keep up with the targets. This is the most happening phase of any project. Get Free: Project Planning Template Action PhaseĪs per the defined roles and the allocated budget tasks are done. Timings for the future meeting are settled as it helps to measure the progress of the project. Also, division of roles and risk analysis take place in the planning phase. The draft for the project is set, and further goals are brought to light. After the understanding, he leads the project and carefully builds up the road map of the project. Planning Phaseīy now, the project manager has a great understanding of the project. The Project Manager plays a key role in setting the project in the right direction. Major stakeholders, the business body, and the special tools that can be used are decided.Īlso, the selection of a project manager is done. According to the nature of the project whether it’s a business idea or construction plan few things are concluded in the initiation phase of the project. This is the foundation of a project in which critical decisions are likely to happen. Here are all the life cycle phases of a project. There is always a start, middle body, and conclusion. The outline or core of a project remains the same. Each project has its own uniqueness depending upon the nature of the tasks. The basic framework or outline of every project remains the same. Project Management Life Cycle Phases Project Management Life Cycle Phases
The Project Manager is responsible for this project initiation document. The clarity of PID is the stepping stone for the progress of a project. PID is considered a living document which means it can be reviewed and according to the current situation of the project modifications can be done.
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