Notes: PM Breakdown PMBOK

 Notes from here



There are five phases of project management.


1. Project Initiation 

Here, you are turning an scribble into a meaningful SMART goal. Business case is defined broadly and the project charter is created. Included within the cater is the goal, scope, key stakeholders, and register of roles. Technical aspects are not yet considered yet at this stage.


2. Project Planning 

The project road map is planned out. Unless it is agile, this phase is very comprehensive and may account for up to 50% of the project's time. It includes identifying technical needs, developing a detailed project schedule, creating a communication plan, and setting up goals/milestones/deliverables. 

3. Project Execution 

Deliverables are being met. 

4. Project Monitoring and Controlling

Simultaneous with Step 3, PM makes sure that project objectives are being met and everything is good smoothly between the team and stakeholders. PM ensures that there is minimal deviation from the plan and establishes Critical Success Factors and KPIs. PM also tracks effort and cost throughout the process.

5. Project Closing 

Contracts with external parties are terminated and the team holds a reflection meeting on their project. 


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