Project Management Lifecycle Steps Description Process The authorization to begin work or Involves preparing for, assembling Initiate resume work on any particular resources and getting work started. May activity apply to any level, e.g. program, project, phase, activity, task. The purposes of establishing, at an early Involves working out and extending the Plan date, the parameters of the project that theoretical, practical, and/or useful is going to be worked on as well as to try application of an idea, concept, or preliminary design. This also involves a plan to delineate any specifics and/or any peculiarities to the project as a whole for moving a project concept to a viable and/or any specific phases of the project. project. Involves directing, accomplishing, The period within the project lifecycle managing, and completing all phases and Execute during which the actual work of aspects of work for a given project. creating the is project’s deliverables carried out. A mechanism which reacts to the Involves exercising corrective action as necessary to yield a required outcome Control current project status in order to ensure accomplishment of project objectives. consequent upon monitoring performance. Or, the process of comparing actual This involves planning, measuring, monitoring, and taking corrective action performance with planned performance, based on the results of the monitoring. analyzing variances, evaluating possible alternatives, and taking appropriate correct action as needed. The completion of all work on a project. Involves formally terminating and concluding Close Can also refer to completion of a phase all tasks, activities, and component parts of a particular project, or phase of a project Out of the project
Project Management Lifecycle Steps Description Process Initiate The authorization to begin work or resume work on any particular activity Involves preparing for, assembling resources and getting work started. May apply to any level, e.g. program, project, phase, activity, task. Plan The purposes of establishing, at an early date, the parameters of the project that is going to be worked on as well as to try to delineate any specifics and/or any peculiarities to the project as a whole and/or any specific phases of the project. Involves working out and extending the theoretical, practical, and/or useful application of an idea, concept, or preliminary design. This also involves a plan for moving a project concept to a viable project. Execute The period within the project lifecycle during which the actual work of creating the project’s deliverables is carried out. Involves directing, accomplishing, managing, and completing all phases and aspects of work for a given project. Control A mechanism which reacts to the current project status in order to ensure accomplishment of project objectives. This involves planning, measuring, monitoring, and taking corrective action based on the results of the monitoring. Involves exercising corrective action as necessary to yield a required outcome consequent upon monitoring performance. Or, the process of comparing actual performance with planned performance, analyzing variances, evaluating possible alternatives, and taking appropriate correct action as needed. Close Out The completion of all work on a project. Can also refer to completion of a phase of the project Involves formally terminating and concluding all tasks, activities, and component parts of a particular project, or phase of a project
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