Lesson 2: The Project Management Process
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The project management process refers to the steps that are followed to successfully plan, execute, and close a project. The process typically includes the following stages:
- Project initiation: This is the first stage of the project management process, where the project is defined and the project manager is appointed. During this stage, the project scope, objectives, and deliverables are defined, and the project team is assembled.
- Project planning: In this stage, the project manager develops a detailed plan that outlines how the project will be completed. This includes defining the project scope, estimating project resources, developing the project schedule, determining the project budget, and creating the project team.
- Project execution: In this stage, the project team carries out the tasks outlined in the project plan. This may involve purchasing materials, hiring contractors, and completing the work according to the project schedule.
- Project monitoring and control: During this stage, the project manager monitors the progress of the project and adjusts as needed to ensure that it stays on track and meets its goals. This may involve making changes to the project plan or budget or adjusting the project schedule.
- Project closure: Once the project is complete, the project manager conducts a final review to ensure that all objectives have been met. The project team is disbanded, and the project is formally closed.
Effective project management is critical to the success of a project. By following a structured project management process, project managers can help ensure that projects are completed on time, within budget, and with high quality results.
Task: True/False
Completion of the In-Lesson Task does not contribute to the assessment grading and serves as preparation for the final assessment.