If you want to go into a career in project management, one of the most important things you need to learn is the life cycle of a project. Knowing this concept will help you organize and manage any project much more effectively.
As an experienced professional in the engineering field, Jeffrey MacBride maintains more than 15 years of experience as a project manager, as well as membership within the Project Management Institute. Today he shares the 5 stages of the project management life cycle.
- Project initiation. This is the ideation phase of the project, where the scope of the project is defined. At this stage, you will need to outline the reason for the project, how it will solve a particular challenge, the goals, the budget, etc.
- Project planning. This is when you nail down the scope of the project and how the work will be done. You will lay out the time it will take, identify checkpoints for progress, and figure out how you will mitigate risk.
- Project implementation. Typically, everyone involved in the project will have a meeting to start things off and get to work.
- Project monitoring. This often goes hand-in-hand with the implementation. You are making sure that the project stays on track
- Project closing. This is the final stage of the project where you finish up all of the work. At this stage, you will need to provide a final project report. There will often be a project review to figure out what went well and what you can learn from the project.
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