In my previous article, I have talked about all that you need to know about the project life cycle.
In this article, I want to talk about all that you need to know about project management processes for projects.
Follow me as we are going to look at that together in this article.
A process is a sequence of activities designed to bring about a specific result in response to a business need.
Project management processes are all the activities that underlie the effective practice of project management; they include all the phases of initiating, pre-project setup, planning, executing, monitoring/controlling and closing a project.
Project management processes may produce project deliverables such as software interface specifications or a building:s foundation.
Project management processes are recognized within the profession as good practices; applying them appropriately improves the chances of success on nearly any project.
#1 Initiating
Initiating / Pre-Project setup processes involve defining the need for a new project or the new phase of an existing project, validating the project, preparing a project charter, and obtaining approval for the project charter to move forward.
#2 Planning
Planning processes are used to create the project scope, define objectives, and develop a strategy to accomplish the work in the project or phase.
#3 Executing
Executing processes involves carrying out the work mentioned in the project management plan in order to meet project specifications.
#4 Monitoring/Controlling
The monitoring/Controlling process includes regular monitoring of project performance and tracking progress made in the project or phase.
They also include changes that are to be made to the plan when required and corrective actions needed to get back on track.
#5 Closing
Closing processes involve finalizing the project activities, handing off the project or phase output, gaining formal acceptance, Yong up administrative and contractual loose ends, and finally closing the project or phase.