5 stages of project management

5 stages of project management

BUS6600 Project Management techniques to complete simulated project to include definition, planning, and implementation of a project. (CLO-11). Provide opportunity for students to create a project definition package, project plan, and project implementation tasks.

BUS6600 Project Management techniques to complete simulated project

Objectives

Firstly,  Use project management techniques to complete simulated project to include definition, planning, and implementation of a project. (CLO-11)

Secondly,  Provide opportunity for students to create a project definition package, project plan, and project implementation tasks.

Options
Firstly, Option A – Use the provided FTW Industries example project information.

Secondly, Option B – Create your own project plan. It must be at least three-tiered WBS and a minimum of 40 tasks.

Thirdly, Option C – Create a project plan for the Module 2 Group Video Project. It must be at least three-tiered WBS and a minimum of 40 tasks.

Deliverables
Project Definition Package (40%)
Create a Project Definition Package to brief your board seeking approval to proceed. Must include the following components.
1. Project background.
2. Project statement.
3. Project objectives.
4. Work breakdown structure (WBS).
5. Resource requirements with dollar amounts.
6. Recommendations to board.

Project Plan (30%)
Create project artifacts needed for the project plan.
1. Responsibility Assignment Matrix (RAM).
2. Project network.
3. Gantt chart.
4. Schedule of resource usage.
5. Critical path/PERT.

Protect the Plan (10%)
Firstly,  Perform Potential Problem Analysis (1 preventive action & 1 contingency action)

Secondly, Perform Potential Opportunity Analysis (1 promoting action & 1 capitalizing action)
Project Implementation (20%)

Create project artifacts needed for project implementation.
Firstly, Kickoff meeting agenda (Start to implement).

Secondly,  Monitoring meeting agenda (Monitor the project).

Thirdly,  Create a policy for modifying the project. This policy must list steps to be taken when project is changed. (Modify the project).

Fourthly,  Create a closeout report. (Close out and evaluate).

Fifthly, Earned Value Analysis – solve problem provided to you.

What are the 5 stages of project management?

Dividing your project management efforts into these five phases can help give your efforts structure and simplify them into a series of logical and manageable steps.

Firstly, Project Initiation.

Secondly, Project Planning.

Thirdly, Project Execution.

Fourthly, Project Monitoring and Control.

Fifthly, Project Closure.

What are the basic principles of project management?

The Six Principles of Project Management

Firstly, Principle 1: Vision and Mission.

Secondly, Principle 2: Business Objectives.

Thirdly, Principle 3: Standards of Engagement.

Fourthly, Principle 4: Intervention and Execution Strategy.

Fifthly, Principle 5: Organisational Alignment.

Further, Principle 6: Measurement and Accountability.