Answer To: Discuss the five (5) processes of project management. As a manager, how would you plan, track, and...
Swati answered on Jul 29 2021
Project Management processes
Projects does have many moving parts either be big or small projects and thus there are many things to coordinate and track to get from starting of project to ending of same in order to achieve successful execution. To achieve this, a project is divided into several small processes or phases that helps to unwieldy a project and organize it so as to make progress about it smoothly. (CarinLabuschagneaAlan C.Brentb,, 2005)
There are 5 major processes included in a project. (Ermias Tesfaye et al) These are as follows-
1. Initiating
2. Planning
3. Executing
4. Controlling
5. Closing
Throughout these processes, project manager needs to constantly monitor, track and report with the help of several project management tools.( Globerson, S., & Zwikael, O. 2002).
Initiation- this is beginning of the project where feasibility and value of project is determined. There is need to do documentation of project in two documents based on which its approval or rejection depends. These are Business case and Feasibility studies. Business case document mentions the return on investment along with the need of project. Feasibility studies report helps to evaluate the goals, cost, and time line as well the required resources for the project. Before even planning of project, manager needs to realize its business needs and the feasibility.
Planning- After project gets approved, there comes the time to plan it by creating tasks and schedules along with securing the required resources. Also, there will be need of a mechanism to disseminate project communications as well as reports. Project planning includes the scope of project, its definition, tasks, schedule, cost, quality, staff, organization and communication. Also, there is need to analyze the risk so as to work proactively for same. Once all planning is done, procurement of resources is done. (Benner, M., & Tushman, M., 2003)
For planning and scheduling, Gantt chart is...