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Project Management Flow

The initiation phase involves defining the project, identifying stakeholders, outlining the high-level scope, and conducting an initial feasibility analysis. Planning develops detailed plans to guide project execution, including scope management, work breakdown structure, scheduling, resource planning, cost estimation, quality planning, risk management planning, and communication planning. Execution involves coordinating resources to carry out the work defined in the project plan through team management, task execution, resource allocation, quality assurance, and risk management.

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0% found this document useful (0 votes)
41 views9 pages

Project Management Flow

The initiation phase involves defining the project, identifying stakeholders, outlining the high-level scope, and conducting an initial feasibility analysis. Planning develops detailed plans to guide project execution, including scope management, work breakdown structure, scheduling, resource planning, cost estimation, quality planning, risk management planning, and communication planning. Execution involves coordinating resources to carry out the work defined in the project plan through team management, task execution, resource allocation, quality assurance, and risk management.

Uploaded by

Sugandha Sharma
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Project management typically follows a structured flow to ensure tasks are

completed efficiently and effectively. Here's a general outline of the flow:

1. Initiation: This is the starting point of the project. It involves defining the
project's purpose, scope, objectives, and initial feasibility analysis. Key
stakeholders are identified, and a project charter may be created to formalize
the project's existence.
2. Planning: In this phase, project managers work with stakeholders to develop
a detailed project plan. This includes defining project deliverables, creating a
work breakdown structure (WBS), estimating resources and time requirements,
establishing a budget, and developing a schedule. Risk management
strategies are also outlined during this phase.
3. Execution: This is where the project work actually happens. Project managers
coordinate and direct team members and resources to carry out the project
plan. Communication channels are established, tasks are assigned, and
progress is monitored closely to ensure that the project stays on track.
4. Monitoring and Controlling: Throughout the project, performance is
measured and compared against the project plan. This involves tracking key
performance indicators (KPIs), identifying variances from the plan, and
implementing corrective actions as needed to keep the project on course.
Changes may be requested, evaluated, and implemented during this phase.
5. Closing: Once all project objectives have been met and deliverables have
been produced, the project is formally closed out. This involves obtaining
formal acceptance of the deliverables from the client or stakeholders,
releasing project resources, documenting lessons learned, and conducting a
post-project review to evaluate the project's overall success and identify areas
for improvement.

Initiation is the first phase of project management, where the groundwork for the project is
laid. It involves defining the project and obtaining authorization to start it. Here are the key
components of the initiation phase:
1. Project Identification: This involves identifying the need or opportunity for the
project. It could arise from various sources such as customer requests, market
demands, organizational objectives, or regulatory requirements.

2. Project Selection: Once the need for a project is identified, potential projects are
evaluated based on their alignment with strategic goals, potential benefits, feasibility,
and other criteria. Projects that are selected move forward to the next steps of
initiation.

3. Project Charter: The project charter is a formal document that authorizes the
existence of the project and provides the project manager with the authority to apply
organizational resources to project activities. It typically includes key information
such as the project's purpose, objectives, scope, stakeholders, initial budget, high-level
risks, and constraints. The project charter is usually developed by the project sponsor
or initiator and approved by relevant stakeholders.

4. Stakeholder Identification: Identifying stakeholders is crucial in the initiation phase.


Stakeholders are individuals or groups who have an interest in the project or will be
affected by its outcome. They may include project sponsors, customers, end-users,
team members, regulators, and other parties. Understanding their expectations,
concerns, and influence on the project is essential for successful project management.

5. High-Level Scope Definition: Although the detailed project scope will be further
developed in the planning phase, the initiation phase involves outlining the project's
high-level scope. This includes defining the boundaries of the project, identifying
major deliverables, and clarifying what is included and excluded from the project.

6. Initial Feasibility Analysis: During initiation, a preliminary assessment of the


project's feasibility is conducted. This may include evaluating technical feasibility,
economic viability, operational feasibility, and other relevant factors to determine if
the project is worth pursuing.

7. Risk Identification: Initial risk identification is performed to identify potential risks


that could impact the project's success. While detailed risk management planning
occurs later in the project life cycle, identifying key risks early on helps ensure that
appropriate strategies can be developed to mitigate or manage them effectively.

By completing these steps in the initiation phase, project managers establish a solid
foundation for the project and ensure that it aligns with organizational goals and objectives
before moving into the planning and execution phases.

Planning is a crucial phase in project management where detailed plans are


developed to guide project execution. Here's an overview of the key components of
the planning phase:
1. Scope Management: The first step in project planning is defining the project
scope. This involves determining the work that needs to be done to achieve
the project objectives and specifying what is included and excluded from the
project scope. A detailed scope statement is developed to serve as a baseline
for all project activities.
2. Work Breakdown Structure (WBS): The WBS is a hierarchical decomposition
of the project work into smaller, more manageable components called work
packages. It breaks down the project scope into deliverables, sub-deliverables,
and work packages, providing a visual representation of the project's
structure.
3. Schedule Development: Once the project scope is defined, a project
schedule is developed to sequence the work and determine the project
timeline. This involves identifying project activities, estimating their durations,
and establishing dependencies between them. Techniques such as network
diagrams (e.g., Gantt charts) are used to visualize the project schedule and
identify critical path activities.
4. Resource Planning: Resources needed to complete project activities are
identified and allocated during this phase. This includes human resources,
materials, equipment, and facilities. Resource requirements are estimated
based on the project schedule, and resource calendars are developed to
ensure that resources are available when needed.
5. Cost Estimation and Budgeting: Project costs are estimated based on
resource requirements, duration estimates, and other project constraints. A
project budget is developed to allocate funds for project activities, including
labor, materials, equipment, overhead, and contingency reserves.
6. Quality Planning: Quality standards and metrics are established to ensure
that project deliverables meet stakeholder requirements and expectations.
Quality assurance and quality control processes are defined to monitor and
verify the quality of project work throughout the project lifecycle.
7. Risk Management Planning: Risks that may impact the project's success are
identified, assessed, and prioritized during this phase. Risk management
strategies are developed to mitigate or manage identified risks, including risk
avoidance, risk transfer, risk mitigation, and contingency planning.
8. Communication Planning: A communication plan is developed to define how
project information will be distributed, stored, and accessed by project
stakeholders. This includes identifying key stakeholders, determining their
communication needs, establishing communication channels, and defining
communication protocols.
9. Procurement Planning (if applicable): If the project involves procurement of
goods or services from external vendors, procurement planning is conducted
to identify procurement needs, develop procurement documents, and
establish selection criteria for vendors.
By completing these planning activities, project managers develop a comprehensive
plan that outlines how the project will be executed, monitored, and controlled to
achieve its objectives within scope, schedule, cost, quality, and other constraints.

Execution is the phase in project management where the project plan is put into action. It
involves coordinating people and resources to carry out the work defined in the project plan.
Here's an overview of what happens during the execution phase:

1. Team Management: The project manager leads the project team and ensures that
everyone understands their roles and responsibilities. Team members are assigned
tasks, and communication channels are established to facilitate collaboration and
information sharing.
2. Task Execution: Project activities are executed according to the project plan. Team
members perform their assigned tasks, and progress is monitored to ensure that work
is being completed on time and according to quality standards.
3. Resource Allocation: Resources such as human resources, equipment, and materials
are allocated as needed to support project activities. The project manager ensures that
resources are used efficiently and effectively to achieve project objectives.
4. Quality Assurance: Throughout the execution phase, quality assurance processes are
implemented to ensure that project deliverables meet the specified quality standards.
Inspections, reviews, and testing may be conducted to verify that work is being
performed correctly and that deliverables meet stakeholder requirements.
5. Risk Management: The project manager monitors identified risks and implements
risk responses as necessary to mitigate or manage them. Contingency plans may be
activated if unexpected risks arise during execution.
6. Communication: Effective communication is critical during the execution phase to
keep stakeholders informed of project progress, issues, and changes. Regular status
updates, meetings, and reports are used to communicate key information to
stakeholders and address any concerns or questions they may have.
7. Change Management: Changes to the project scope, schedule, or budget may occur
during execution. The project manager evaluates change requests, assesses their
impact on the project, and obtains approval from relevant stakeholders before
implementing changes.
8. Procurement Management (if applicable): If the project involves procurement of
goods or services from external vendors, procurement activities are carried out during
the execution phase. This includes issuing purchase orders, managing vendor
contracts, and overseeing vendor performance.
9. Integration Management: The project manager ensures that all project activities are
coordinated and integrated to achieve project objectives. This may involve resolving
conflicts, addressing dependencies between tasks, and managing interfaces between
project components.
10. Monitoring and Control: Throughout the execution phase, the project manager
monitors project performance against the project plan. Key performance indicators
(KPIs) are tracked, and corrective actions are taken as needed to address variances
and keep the project on track.

By effectively executing the project plan and managing resources, risks, and changes, project
managers can ensure that the project progresses smoothly towards successful completion.

Monitoring and controlling is a critical phase in project management that occurs


concurrently with project execution. Its primary purpose is to track, review, and
regulate the progress and performance of the project to ensure that it stays on track
to achieve its objectives. Here's an overview of what happens during the monitoring
and controlling phase:

1. Performance Measurement: Key performance indicators (KPIs) are


established during the planning phase to measure progress and performance
against the project plan. These KPIs may include metrics such as schedule
variance, cost variance, quality metrics, and stakeholder satisfaction levels.
2. Progress Tracking: Project progress is monitored regularly to assess whether
work is being completed according to the project schedule and within budget.
This involves comparing actual progress against planned milestones,
deliverables, and activities.
3. Quality Control: Quality control processes are implemented to verify that
project deliverables meet the specified quality standards. Inspections, reviews,
and testing may be conducted to identify defects or deficiencies and take
corrective action as needed.
4. Risk Management: Identified risks are monitored throughout the project to
assess their likelihood and impact on project objectives. Risk response
strategies are implemented to mitigate or manage risks as they arise, and new
risks may be identified and addressed as part of ongoing risk management
activities.
5. Change Control: Changes to the project scope, schedule, or budget are
evaluated and managed through a formal change control process. Change
requests are assessed for their impact on the project and approved or rejected
by the appropriate change control board or project governance body.
6. Scope Verification: The project manager ensures that project deliverables
meet the agreed-upon scope and requirements. Stakeholders may be involved
in reviewing and accepting deliverables to verify that they meet their needs
and expectations.
7. Cost Control: Project costs are monitored and controlled to ensure that
expenditures are within the approved budget. Cost performance is evaluated
against planned spending, and corrective action is taken if necessary to
address cost overruns or identify cost-saving opportunities.
8. Schedule Control: The project schedule is monitored to identify schedule
variances and deviations from the planned timeline. Schedule performance is
evaluated, and adjustments may be made to the project schedule to address
delays or accelerate progress.
9. Communication Management: Communication channels are maintained
throughout the project to keep stakeholders informed of project status, issues,
and changes. Regular status updates, reports, and meetings are used to
communicate key information and address stakeholder concerns.
10. Lessons Learned: Lessons learned are documented throughout the project to
capture insights, best practices, and areas for improvement. This information is
used to inform future projects and improve project management processes
and methodologies.

By effectively monitoring and controlling project performance, project managers can


identify issues early, take corrective action, and ensure that the project stays on track
to achieve its objectives within scope, schedule, budget, and quality constraints.
Closing in Project Management
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Closing is the final phase of the project management lifecycle, where the project is formally
completed, and all project-related activities are brought to an end. It involves a series of steps to
ensure that the project is concluded in an orderly and systematic manner. Here's an overview of
the closing phase:

1. Product Verification: The first step in the closing phase is to verify that all project
deliverables have been completed and meet the agreed-upon acceptance criteria. This
involves reviewing the deliverables with stakeholders to ensure that they meet their
expectations and requirements.

2. Formal Acceptance: Once the project deliverables have been verified, formal acceptance
is obtained from the project sponsor or customer. This may involve signing off on
acceptance documents or obtaining formal approval through a designated process.

3. Contract Closure (if applicable): If the project involved contracts with external vendors
or suppliers, contract closure activities are performed to formally close out contractual
agreements. This may include settling final payments, releasing retainage, and obtaining
signed contract closeout documents.

4. Resource Release: Project resources, including personnel, equipment, and facilities, are
released from project activities and reassigned to other projects or organizational
activities. Any remaining project resources are returned or disposed of according to
organizational policies and procedures.

5. Financial Closure: Financial closure activities involve reconciling project expenditures


against the approved budget and closing out project financial accounts. This may include
finalizing project accounting records, closing out project accounts, and preparing
financial reports for stakeholders.

6. Documentation: All project documentation, including project plans, reports, meeting


minutes, and lessons learned, is organized, reviewed, and archived for future reference.
Documentation should be stored in a secure location and made accessible to relevant
stakeholders as needed.

7. Lessons Learned: A lessons learned session is conducted to reflect on the project's


successes, challenges, and areas for improvement. Project team members share their
insights and experiences, and lessons learned are documented for future projects.
8. Formal Closure: The project manager formally closes out the project by completing
administrative closure activities, such as updating project records, updating
organizational process assets, and obtaining final sign-offs from stakeholders.

9. Celebration and Recognition: Finally, the project team celebrates the successful
completion of the project and recognizes the contributions of team members and
stakeholders. This may include a project completion ceremony, team dinner, or other
forms of recognition to acknowledge everyone's efforts.

By completing these closing activities, the project manager ensures that the project is formally
concluded, all deliverables are accepted, and organizational resources are released for other
projects or activities. Additionally, lessons learned are captured to improve future project
performance and enhance organizational capabilities.
You
Closure phase in Project Management
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The closure phase in project management is the final stage of the project lifecycle, where the
project is formally completed, documented, and closed out. Here's a detailed breakdown of the
closure phase:

1. Finalize Deliverables: Ensure that all project deliverables have been completed to the
satisfaction of stakeholders. This includes verifying that they meet quality standards, have
been accepted by the customer or sponsor, and fulfill the requirements outlined in the
project scope.

2. Handover and Transition: If applicable, transfer project deliverables to the customer or


end-users. Provide necessary documentation, training, and support to facilitate the
transition process. Ensure a smooth handover of responsibilities and operations to the
appropriate individuals or teams.

3. Close Contracts and Procurements: Review and close out any contracts or
procurements associated with the project. Ensure that all contractual obligations have
been fulfilled, and finalize payments or settlements with vendors or suppliers. Obtain
necessary sign-offs and documentation to formally close contracts.

4. Financial Closure: Review and reconcile project financials, including expenditures,


budget allocations, and financial records. Ensure that all project expenses are accounted
for and aligned with the approved budget. Prepare financial reports and documentation
for stakeholders, including any necessary audits or reviews.

5. Administrative Closure: Complete all administrative tasks required to formally close the
project. This may include updating project documentation, archiving project files and
records, releasing project resources, and closing out project accounts or accounts related
to project activities.

6. Lessons Learned: Conduct a lessons learned session or meeting to reflect on the


project's successes, challenges, and areas for improvement. Capture insights, best
practices, and lessons learned from project team members and stakeholders. Document
lessons learned for future reference and to improve project management processes.

7. Project Review and Evaluation: Review the project's overall performance against its
objectives, scope, schedule, budget, and quality criteria. Identify strengths and
weaknesses, successes and failures, and areas where performance could be improved.
Evaluate project outcomes and impact on the organization or stakeholders.

8. Formal Project Closure: Obtain formal sign-off and approval from stakeholders to close
the project. This may involve completing project closure documents, obtaining final
acceptance from the customer or sponsor, and officially

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