Project Initiation: This phase involves defining the project’s objectives, scope, and deliverables. It includes identifying stakeholders, conducting feasibility studies, and creating a project charter. Project Planning: In this phase, a detailed project plan is developed. It includes defining project milestones, creating a work breakdown structure (WBS), estimating resources, determining dependencies, and creating a project schedule.
Project Execution: This phase involves executing the project plan, coordinating resources, and managing the project team. Tasks are carried out according to the schedule, and communication is crucial to ensure everyone is on the same page. Project Monitoring and Control: During this phase, project progress is monitored, and any deviations from the plan are identified. Performance is measured, and adjustments are made as needed. This phase ensures that the project stays on track and meets its objectives.