Project Management System: 5 Major Phases of Project Management
Thursday, September 03, 2020 | Project Management
PMI, or the Project Management Institute is the world’s biggest non-profit association for the professionals of project management. Famous for its Project Management Professional (PMP)® certification, the institute has developed five major phases of project management, which are now considered the fundamentals of project management across the globe.
The world has now turned towards automated online project management software which are also based on the 5 major phases of project management suggest by the PMI.
Implemented in the top project management system, these 5 phases represent the roadmap for accomplishing project management success, irrespective of your goal and niche.
Phase #1 Initiation
At the very start of the project, the goal is to underline the broad levels and goals of the project. This is the research phase where you will understand the feasibility of the project.
If approved by the stakeholders, you can then begin with the PID (Project Initiation Document).
Phase #2 Project Planning
The most important phase in any level or kind of project is planning. The phase defines your goals along with the strategies to achieve them. Here you can make use of either the S.M.A.R.T. or C.L.E.A.R. goal methods. The phase includes identifying the cost, schedule, and scope of the project.
Also, roles and responsibilities are defined clearly so that the team gets clarity about the accountability of each and every task of the project.
Phase #3 Execution
This is the phase where most of the execution takes place, most of the resources are used, and each team member is expected to work on the assigned tasks. The sub-processes involved in this phase are team deployment, tracking system set up, resource allotment, and status meetings.
Phase #4 Project Monitoring
This is the phase where you measure the progress and performance of your employees. Project managers use various Project Progress Tracking Tools to monitor various aspects, such as employee performance, task progress, milestone achievements, and so forth.
Phase #5 Closure
This is the phase where all the resources acquired are released, as well as meetings are held in case any failure occurs. The PM, as well as other stakeholders, identify the success and failure of pre-planned milestones. Project reports are also submitted to the senior-most concerned members.
Bottom Line
Modern web based project management software, such as Talygen, are based on these 5 phases and empower project managers to easily monitor and manage a number of different tasks, such as time management, resource allocation, Gantt chart creators, project reporting, and so forth.
Get a Free Demo of Talygen’s enterprise-level Web Based Project Management Software to know more!
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An Ultimate Guide To Project Invoicing Software
Monday, September 16, 2019 Aug
Smart Tips To Get More Productivity With Your Project Management
Tuesday, August 27, 2019
A Closer Look At Project Management Tracker
Monday, August 19, 2019 Jun
Create Systematic Arrangement with Personalized Project Management Dashboard
Tuesday, June 18, 2019
What Features Make Time Tracking Tool More Effective
Monday, June 10, 2019 May
Best Way To Enhance Project Productivity Beyond Expectations
Friday, May 31, 2019
Enhance Business Productivity With Advanced Project Management Dashboard
Friday, May 24, 2019
Choose Efficient Online Performance Management Software
Tuesday, May 21, 2019
A Quintessential Guide To Project Invoicing Software
Tuesday, May 14, 2019 Apr
Strategic Reporting Software To Improve Business Productivity
Monday, April 29, 2019
Benefits of Effective Project Management Software
Sunday, April 14, 2019 Mar
Feb
Improve Business Productivity with Talygen’s recruitment Software
Thursday, February 28, 2019
New Features and Key Updates of Talygen’s Customer Relationship System
Monday, February 18, 2019 Jan
Client Portal System: Time And Expense Approval By Clients For Smooth Evaluation
Tuesday, January 22, 2019
Talygen’s Message Board Module: The Best Real Time Client Communication Platform For Businesses
Wednesday, January 16, 2019
Talygen’s Resource Scheduling Solution: The Best Tool to Manage Your Resources
Friday, January 04, 2019 2018
Dec
5 Reasons Why You Need An Expense Tracking Application for Your Business Organization
Wednesday, December 26, 2018
How To Improve Your Sales By Applying CRM Automation
Monday, December 17, 2018 Nov
Talygen’s Project Management Tool: A Tested and Proven Web based Project Management System
Thursday, November 29, 2018
5 Reasons Why Organizations Need Talygen’s Knowledge Base System
Thursday, November 15, 2018
How Can Good Leadership Enhance Employee Time Management
Thursday, November 15, 2018 Oct
Talygen’s Unbeatable Project Request Feature for Long Term Relationship With Clients
Tuesday, October 30, 2018
Increase Your Transparency and Accountability with Clients Using Talygen’s Client Portal System
Wednesday, October 10, 2018 Sep
Aug
Jul
Jun
How to Manage Your Employees with Talygen’s Employee Management Software
Friday, June 29, 2018
5 Advantages of Using Talygen’s Job Portal Software
Monday, June 11, 2018 May
Apr
Talygen’s Time Tracker with Screenshots: An Indispensable Asset for Your Organization
Sunday, April 22, 2018
4 Essential Things You Should Consider Before Choosing A Time Tracking Software
Friday, April 13, 2018 Mar
Empower Your Business with Customer Relationship Management Software
Monday, March 26, 2018
Why Your Business Needs To Invest in a Project Management Software?
Sunday, March 18, 2018 Feb
2017
2016
2015
Oct
Sep
Aug
Why Do You Need the Talygen Time Tracker?
Tuesday, August 25, 2015
Five Features that Will Make Managers Love Talygen
Wednesday, August 12, 2015 Jul
Jun
May
Apr
Mar
2014
Dec
CES Series: Talygen to showcase the Future of Business at CES 2015
Tuesday, December 30, 2014
CES Series: 2014 was a blast, so will 2015 Be!
Thursday, December 25, 2014 Oct
Sep
Introduction to Talygen’s offline Time Tracking Application
Tuesday, September 30, 2014
Tips and ideas for successful project management
Wednesday, September 24, 2014
Smarten up your Project Management with Talygen
Tuesday, September 16, 2014
Why should businesses use an invoicing software?
Wednesday, September 10, 2014
Why Worker Productivity Matters and How to Improve it
Thursday, September 04, 2014 Aug
