Project management is defined into five main processes: Initiating, Planning, Execution, Monitoring and Controlling, and Closure.
- Project Initiation: This is considered the first phase to kick start any new project.
- Project Planning: This phase involves creating all of the project documents and plans needed for delivery.
- Project Execution: This phase is necessary to make sure that project activities will be performed as per what’s defined in the project plans and to satisfy the project specifications.
- Project Monitoring and Control: This phase activities will take place in parallel with Project Execution activities so that, while the project tasks are being executed, the project is being monitored and controlled by implementing the appropriate corrective actions whenever needed.
- Project Closure: Finally, as the project is executed and the system is developed, feedback on the solution through a closure meeting is done to ensure customer satisfaction.