Introduction
The project execution phase of the Project Management Lifecycle is exactly where the work gets done. This is the third phase of the project management life cycle, after Initiation and planning phase project enter into execution phase. In this phase literally project get start to build. Whether it is the building house of a project, changing a process project, or anything kind of project in between, where we can say that the work has begun.
Figure 1: Project Management Execution Phase
Source: (http://pmstats.dis.arkansas.gov/Meth/07-Execution%20Phase.pdf)
In this stage, whatever comes out from plan phase get executed and the project work gets complete. Most of the time and depend on the project type, this is the longest
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Project Team Responsibilities for Execution Phase
Project Manager is responsible for performance measurement which includes finding variances between planned and actual work, cost and schedule. The project manager assigns the tasks to the team members and they follow the required course of action. The project manager provides the status reports to all the vital stakeholders in order to provide visibility. The Stakeholders review the metrics and variance and initiate necessary steps for the variances determined in order to complete the project within budget and time.
The basic processes of the Project Execution and Control are the execution of the project plan and reviewing the metrics and producing the status reports. The change control process defines the procedures to handle the changes that are introduced during the project execution and control phase.
The facilitating processes during Project Execution and Control can be: * Quality Assurance and Quality Control. * Performance Monitoring. * Information Distribution or Status Reporting. * Project Administration. * Risk Monitoring and Control. * Scope Control. * Schedule and Cost Control. * Contract Administration.
Project Execution and Control Phase has a direct correlation to project progress and stakeholder 's expectations. If the minor issues are not noticed, they impact cost, schedule and risk and see the project from the Project Plan, thus
Key outputs in this phase are the Projects Requirements definition, the capability and capacity assessment, project delivery strategy and the Project Management plan. The role of the construction/ project manager in this phase is, once project authorized, it is the project manager’s responsibility to implement the project. In terms of the Project Requirements Definition the, the project manager refines and details the project authorization and details what the project is required to accomplish in terms of the products/services the project will deliver and the scope of work that needs to be done. The project manager must provide project team members, corporate sponsors, and other stakeholders with a common understanding of what the project is all about, and is the authoritative reference document that defines the project.
Project management (PM) system processes are essential for successful performance within an organization. ?Successful performance leads to customer delight, although insured, is totally possible through proper application and quantifiable control of project management processes?, (Akkiraju, n.d., p. 2). Project management involves components that PM mangers follow when preparing to enter into a venture. The PM use planning, hazard management, execution management, change
Project management is short term; it has a beginning, an end, and has identified steps to take throughout the process. The steps of project management are as follows: proposal, initial investigation, detailed investigation, development and testing, trial, operation and closure, as well as, the evaluation. There are measurable benefits to using project management within an organization for certain key objectives or processes that need
The first step will be to look at the goals of the project, and align them with the mission of the company. Systematically, the project will be broken into phases: Planning, Organizing, Staffing, Directing, Coordinating, Budgeting, Evaluating, and Reporting. Each phase will be further broken down into tasks and placed into a work breakdown structure. From this view, one is able to see the entire project duration, critical path, and milestones. The Planning phase is integral in any project. This phase of the project defines project objectives, mission, goals, and approach. In addition, outlining key elements of the project is critical: performance expectations, risks analysis, and contingency plans. However, after completion
The process of Project Management is very detailed – there are multiple phases to properly manage the project (e.g., project plan, schedule, communication plan, risk management plan, and
The project life cycle consists of the conceptualization phase, the planning phase, the execution phase, and the termination phase.
Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.
Finally, during the fifth and the sixth weeks, a rough draft on how the team proposes for the implementation of the project should be developed along with making a presentation of a final draft on the process of the implementation (Mohanty & Kar, 2012). During this stage, project managers should critic the project, and also give there input. The schedule of work should be elaborated clause by clause of every activity, and the timeline for each activity should be provided. If necessary, a company leader may request for a committee from the team to be preparing reports on the project implementation process (Goleman, 2000).
The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and
c After the acceptance of all stakeholders is achieved, actual growth begins and a project management methodology needs to be selected based on the major areas seeking improvement. A project tracking and monitoring system has to be in place for improved estimation of project life-cycle.
This process is critically important because it will lead to a successful project. Other than that, the process in the project management must be followed by organization and top management to ensure that their project is on the right path.
Project management is a series of steps taken in sequence to manage a project through all phases from conception to completion. The steps are documented in a strategic plan. The plan is used to ensure that all parties are working towards a common goal. Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizing, staffing, directing, and controlling. Basic activities of project management include: identifying project requirements to define the outcomes; addressing various needs, concerns and expectations of others; setting up, maintaining and carrying out communications; managing others; creating project deliverables; and balancing competing project constraints.
This Project Schedule will follow a suitable schedule and phases of a project based from the recommendations for a project plan by Harvard Business Review in their 2016 article, The Four Phases of Project Management. These include Planning, Build Up, Implementation and Closeout. Following is
The main objective of Project control is to track and monitor the three most important aspect of any project. The
The biggest challenge for the project manager is to develop an integrated planning and control tool. Critically discuss this statement with the aid of practical examples.