Project Management Life Cycle #shorts

A project management life cycle can be categorized in 5 distinct phases

Initiation
Define Project Goals
Identify the resources needed
Identify Stakeholders
Get Approvals

Planning
Define scope - What are we going to do?
Create a project plan – How are we going to do it?
Set a budget
Define roles and responsibilities

Execution
Launching Project
Manage project resources
Explain the rules you are using to run the project to the team.

Monitoring and Controlling
Check progress of project
Compare to what was planned

Completion
Handover deliverables
Close contracts
Get project results approved
Document project performance