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Executing and closing projects involves management, initiation, execution, as well as planning activities of a project. Scheduling and organizing are an integral part when it comes to handling projects. Project management is the study of processes and tools undermining with regards to the project. Project charges such as Gantt chart, cost summary, S curve, and estimate at completion, variance analysis, and many more are to be prepared as per analytical review in assignments.
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There are five phases in the project life cycle. These five stages are the initiation of the project, planning, and designing involved in the project, execution of activities, controlling and monitoring, and closing the project. Let's discuss these 5 stages in detail.
Project initiation stage:
Under the stage, the nature and scope of the project are discussed. People involved in business processes understand internal as well as external environments to carry on actions that would justify the objectives of the project. The planning process involves analyzing various aspects of the business. Each plan that is suggested by members of the team undergoes an evaluation process. You can justify and plan objectives to meet the end results. A project when designed marks every aspect and standards that are to be met by performance activities.
Planning and designing stage:
Once the project has been planned and the basic outline is evaluated the manager of the project would look for appropriate resources, the estimate of cost, and how we can optimize each resource optimally. Roles and responsibilities of each working under a project are determined in this step. Various risk adherence plants are formed to encounter uncertain environmental changes or technological development.
This is a stage in which activities and processes that were planned under a project finally turn into action. Activities that I am involved in are directing, managing, training, etc.to meet the desired goals and objectives.The head also ensures quality targets set by officials are maintained and there is a free flow of communication between people working.
Under this stage, activities are monitored and controlled to ensure that each resource is utilized optimally. Cost reduction methods and controlling processes are applied to improve the efficiency of the overall project. Each project has a certain objective and is the duty of the project manager to control various heads in a project and lead them in the right direction.
This is the final stage of the project life cycle and is involved in ensuring that the activities are completed and the objectives are met. When all the targets are met the project manager closes the project after completion.
These stages are to be followed under the Governance of the project. Executing projects assignment help is provided worldwide to students of project management. There are various topics under project management and excelling in each topic requires expertise and intellectual skills.
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