5 Phases of Project Management: Planning for Success

Each phase includes a defined goal or objectives that define the results, outputs, methods, and milestones that are:

1. Project Initiation – Establish project objectives – Make a business case – Finish the project charter – Make a list of all stakeholders

2. Project Planning – Define the scope – Create a project plan – Create a budget baseline – Define roles and duties

3. Project Execution – Allocate project resources – Organize project resources – Create the product and the method – Meet frequently and resolve issues as they occur

4. Project Monitoring & Control – Keep track of time and money – Keep track of the project's progress – Ensure that the plan is followed – Avoid any potential disruptions

5. Project Closure – Hand over deliverables – Examine project deliverables – Approve the project's outcome – Record project learnings