LIFECYCLE

The Four Phases of Project Management Lifecycle

Claudio Gutierrez

Claudio Gutierrez

President & Founder — Valens Project Consulting

Facebook
Twitter
LinkedIn
Email

Project management can seem overwhelming, but it does not have to be that way. Whether planning a product launch or overseeing a construction job, knowing the basics of the project management lifecycle can help you guide your project to success. Here’s a quick walkthrough of the four essential phases every project goes through.

 

The Initiation Phase

Every project starts with the initiation phase. This is the brainstorming part of the project management lifecycle, where you get your team together, outline what you want to achieve, how much time you have to do it, and what tools and people you will need to make it happen.

 

One of the most important parts of the initiation phase is creating a “project charter.” This document formally starts the project and authorizes the project manager to use resources and make crucial decisions.

 

The Planning Phase

Once your project has a green light, it is time to make a detailed blueprint. Take all the work that needs to be completed and break it into smaller, more manageable tasks. Determine when and in what order these tasks need to be completed.

 

This is where a Gantt chart can help. It is a type of bar chart that illustrates when each task should start and finish. This helps everyone involved visualize the schedule and stay on the same page.

 

The Execution Phase

With the plan in hand, you move to the execution phase—this is where your team actually starts working on the tasks outlined in the plan. During this phase, the project manager will keep an eye on the progress and make sure everything is sticking to the plan. And if something unexpected happens, they figure out how to handle it without getting off track.

 

The Closing Phase

After all the work is done, the project enters the closing phase. This phase is for tying up loose ends.

 

During this phase, you will ensure all your goals have been met and deliver your final report on the project’s outcome. This is also the time to look back at the project to see what worked and what could be done better next time. This learning process is essential for improving how you manage future projects.

 

Having a firm grasp on the various lifecycles phases can greatly simplify your project management activities.

 

Should You Outsource Project Management Services?

You might think you have got your project under control, but professional project managers bring a lot of value. They have the training and experience to ensure your project starts strong, stays on track, and closes successfully. They also know how to avoid common pitfalls and deal with unexpected issues that come your way.

 

Hiring project management services means you get someone who knows the best way to plan, can handle risks, manages resources wisely, and keeps everyone informed. They have the latest tools and techniques to get the job done right. This often means your project gets done faster, costs less, and ends up better than if you went it alone.

 

Contact Valens Project Consulting Today

At Valens Project Consulting, we understand the importance of effective management in achieving project success. Our team brings over 50 years of combined experience in project management, and we use what we have learned to help our clients reach their project goals effectively. Contact us today to learn more about how we can help with your project management needs.

 

Don’t forget to follow us on LinkedIn for the latest updates on how we help support our customers!

Leave a comment

Your email address will not be published. Required fields are marked *