Initiating, Planning, Executing and Closing a Project Successfully Welcome to the Project Management Life Cycle
We have provided this unique CD to help you gain an appreciation of the phases, activities and tasks included within The Project Management Life Cycle. This CD and book reveal the Method123 Project Management Methodology (MPMM) which is used by more than 45,000 people around the world.
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Whether youre a project manager, business owner, team member, consultant, lecturer or student, you will greatly enhance your chances of success by adopting MPMM for your projects.
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Chapter 4
Project Execution What is project execution?
- it is the third phase in the project life cycle; - it involves creating project deliverables - within this phase the deliverables are built and signed off by the customer. The project manager monitors and controls the project by executing a suite of management processes.
Which activities are undertaken?
The following diagram depicts the activities involved in executing a project:
Step 1: Build deliverables
A deliverable is:
A quantifiable outcome of a project which results in the partial or full achievement of the project objectives.
To build project deliverables, you need to:
- delegate the building of deliverables to project staff; - physically construct each project deliverable; - measure the deliverables against the quality targets set; - request acceptance of deliverables by the customer.
Build Deliverables Step 2: Monitor and control
During the execution of the project, you need to monitor and control the project delivery by performing: