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PMBOK Project Management Phases (Waterfall)
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1. Initiation:
- This phase involves defining the project's goals, scope, budget, and timeline. It also includes identifying stakeholders and their needs, and obtaining authorization to proceed with the project.
2. Planning:
- This phase focuses on creating a detailed plan that outlines how the project will be executed, monitored, and controlled. It involves defining tasks, setting deadlines, allocating resources, and developing strategies for managing risks and communication.
3. Executing:
- This is the phase where the project plan is put into action. Team members perform the tasks, deliverable are produced, and work is completed according to the established plan.
4. Monitoring and Controlling:
- Throughout the project, this phase involves tracking progress, comparing it to the plan, and identifying any deviations or issues. It includes measuring performance, managing changes, and taking corrective actions to keep the project on track.
5. Closing:
- The final phase involves formally closing the project, including completing all tasks, obtaining final approvals, archiving project documentation, and conducting a final review to learn from the experience.