Project management is one of the critical processes of any project. This is due to the fact that project management is the core process that connects all other project activities and processes together.
When it comes to the activities of project management, there are plenty. However, these plenty of project management activities can be categorized into five main processes.
Let’s have a look at the five main project management processes in detail.
1 – Project Initiation
Project initiation is the starting point of any project. In this process, all the activities related to winning a project takes place. Usually, the main activity of this phase is the pre-sale.
During the pre-sale period, the service provider proves the eligibility and ability of completing the project to the client and eventually wins the business. Then, it is the detailed requirements gathering which comes next.
During the requirements gathering activity, all the client requirements are gathered and analysed for implementation. In this activity, negotiations may take place to change certain requirements or remove certain requirements altogether.
Usually, project initiation process ends with requirements sign-off.
2 – Project Planning
Project planning is one of the main project management processes. If the project management team gets this step wrong, there could be heavy negative consequences during the next phases of the project.
Therefore, the project management team will have to pay detailed attention to this process of the project.
In this process, the project plan is derived in order to address the project requirements such as, requirements scope, budget and timelines. Once the project plan is derived, then the project schedule is developed.
Depending on the budget and the schedule, the resources are then allocated to the project. This phase is the most important phase when it comes to project cost and effort.
3 – Project Execution
After all paperwork is done, in this phase, the project management executes the project in order to achieve project objectives.
When it comes to execution, each member of the team carries out their own assignments within the given deadline for each activity. The detailed project schedule will be used for tracking the project progress.
During the project execution, there are many reporting activities to be done. The senior management of the company will require daily or weekly status updates on the project progress.
In addition to that, the client may also want to track the progress of the project. During the project execution, it is a must to track the effort and cost of the project in order to determine whether the project is progressing in the right direction or not.
In addition to reporting, there are multiple deliveries to be made during the project execution. Usually, project deliveries are not onetime deliveries made at the end of the project. Instead, the deliveries are scattered through out the project execution period and delivered upon agreed timelines.
4 – Control and Validation
During the project life cycle, the project activities should be thoroughly controlled and validated. The controlling can be mainly done by adhering to the initial protocols such as project plan, quality assurance test plan and communication plan for the project.
Sometimes, there can be instances that are not covered by such protocols. In such cases, the project manager should use adequate and necessary measurements in order to control such situations.
Validation is a supporting activity that runs from first day to the last day of a project. Each and every activity and delivery should have its own validation criteria in order to verify the successful outcome or the successful completion.
When it comes to project deliveries and requirements, a separate team called ‘quality assurance team’ will assist the project team for validation and verification functions.
5 – Closeout and Evaluation
Once all the project requirements are achieved, it is time to hand over the implemented system and closeout the project. If the project deliveries are in par with the acceptance criteria defined by the client, the project will be duly accepted and paid by the customer.
Once the project closeout takes place, it is time to evaluate the entire project. In this evaluation, the mistakes made by the project team will be identified and will take necessary steps to avoid them in the future projects.
During the project evaluation process, the service provider may notice that they haven’t gained the expected margins for the project and may have exceeded the timelines planned at the beginning.
In such cases, the project is not a 100% success to the service provider. Therefore, such instances should be studied carefully and should take necessary actions to avoid in the future.
Project management is a responsible process. The project management process connects all other project activities together and creates the harmony in the project.
Therefore, the project management team should have a detailed understanding on all the project management processes and the tools that they can make use for each project management process.
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