A Five-Step Guide To Project Management

If you look for project management assignment help, then you will see that there are specific steps that you must follow to execute a perfect project. As a project manager, you will need to make sure your team follows these essential steps at all times. Once you have understood the steps, it will make the final execution smoother than ever. Let’s look at these steps developed by the Project Management Institute (PMI).

1. Project Initiation

In the first stage of project initiation, you will create the foundation for the project. It would be best to decide whether the project is needed at all. Your finance homework will help you more than you could have imagined for this step. As a project manager, you might think that finance knowledge will not be useful. But with the changing environment, the project manager’s job has also increased. You will need to have a sound understanding of whether a project is financially feasible to present to shareholders and gain their approval.

2. Project Planning

The second phase of any successful project management is project planning. Here, you will need to set the goals, divide and assign tasks, and create objectives. There are many project planning techniques which you can use to plan out your project. Some of these are SMART, Work Breakdown Structure, Action Priority Matrix, and Cost Breakdown Structure.

3. Project Execution

After planning is complete, you will start executing the project from this step. This is the phase which will determine whether your theoretical geography homework help will help you or not. Whether you’re a team member or the project manager, you will need to keep in mind that communication is the key to the perfect execution. Here, good teamwork will help you a lot.

4. Project Monitoring

Project monitoring is an essential step for Project Managers. Now that the project is moving forward, you will need to monitor it from start to finish. You have to check on many steps, such as whether the project is meeting its goal or if the quality of the project is up to the mark. This is another step where your financial homework will help you to determine if the project budget is on track or not.

5. Project Closure

This is the final stretch for the project. You will find that some teams like to conduct a feedback session to ensure that there are no issues with teamwork. Project Managers will finalise the documents to ensure nothing is wrong with them. They will also terminate the freelancers under contract for the project after clearing all dues are. You will even notice that documents are sorted and archived in the end for future reference. 

These are the five essential stages that every project must go through from beginning to end. If you follow these steps diligently, then there are chances that you won’t face any trouble with managing your project. No stage is more important than the other. Each of these five steps is equally important, so ensure equal weight to all.

Summary: Project Management assignment help might seem very hard, but you need to follow only five steps to ensure that the project turns out perfectly. This article will give you an overview of these steps and why they are essential.

Author Bio: Clara Smith is an eminent project manager who looks over homework answers on Myassignmenthelp.com. She  loves to visit the countryside on holidays and has a lovely wife and three children.