A Look At The Main Stages Of Project Management

Posted on: 21 January 2020

It is easy to assume that a project is a simple thing, and it is even easier to assume that managing a project is fairly straightforward. However, there are good reasons why many professionals entrust project management to specific professionals who are familiar enough with their industry that they can bring the idea of a project to life. Here are the main stages of project management. 

Examining the Concept of the Project 

A project usually does not start out being deemed as a project; it is more a proposal or an idea than an actual project. Even this is a stage of project management, even though this stage is often disregarded as such. 

Planning the Project 

The planning part of the project is where the majority of intelligent work is done. Planning a project well means tending to all details of the conception in a way that a simple idea can actually be brought to fruition. If there are missing points in a plan, it can compromise the execution drastically. 

Execution of the Planned Project 

The execution of a planned project is where the magic happens. All ideas from conception, all guidelines from planning, and all of the management attention are set into motion in a concrete way with actionable steps and actions. The execution can be one of the biggest and longest parts of a project. 

Monitoring the Performance of the Project 

As the execution of the project is taking place, it is important that the performance is closely monitored. For example, if the project being executed involves the erection of a building, all details of the project will be monitored to ensure all plans are being followed aptly. It is during this stage that mistakes or issues in the planning process can emerge, and it is important to catch these issues early so they can be corrected before project completion. Using the construction project as an example, if a problem with the framing is not tended to immediately, it can compromise the successful completion of the project. 

Closing the Project 

The most satisfying point of project management is when everything has been implemented, carried out, and monitored and the project can come to a nice close. Ideally, at this point, the project manager will have a good example to reference for later projects. Also ideally, the close of the project will mean the completion of an overall goal with no loose ends. 

For more information, talk to a project management company