Project Management - Project Phases

QMC lives by this saying: Projects Fail because of poor planning

A key process in any project is creating a project schedule. This starts with understanding project phases. Below, we have outlined the key activities that occur in each project phase. Always keep in mind that although there may be standards for project planning, the process is meant to be tailored to optimize solutions for your unique projects

• Initiating

  • Authorization to start the project

  • Authority determination of project manager

  • Assign and identify project stakeholders

  • Business case of project

  • Estimates of time and cost

  • Estimates of risk that may affect schedule and budget

  • Identify constraints and assumptions

• Planning

  • Creation of Project Management Plan and subsidiary plans

  • Baseline the scope, time and costs

  • Gather stakeholder requirements

  • Risk identification and correct response

  • Quality requirement planning

  • Approval of the plan

• Executing

  • Select and assemble project team

  • Project specification satisfaction

  • Carryout all change requests

  • Conflict resolutions among stakeholders

  • Perform quality assurance

  • Stakeholder engagement

  • Risk response

  • Lessons Learned

• Monitoring and Controlling

  • Analyzing project work is within scope, time, and on budget

  • Ensure quality requirements are met

  • Control risk

  • Ensure stakeholder engagement

  • Acceptance of deliverables to move into closing phase

  • Manage changes

• Closing

  • Close contracts and documents

  • Archive records

  • Transition deliverables to customers or sponsors

  • Create final report

  • Update templates and knowledge bases