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PROJECT INITIATION
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This is the start of the project, and the goal of this phase is to define the project at a broad level. This phase usually begins with a business case. This is when you will research whether the project is feasible and if it should be undertaken. If feasibility testing needs to be done, this is the stage of the project in which that will be completed.
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PROJECT PLANNING
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Project planning is an essential aspect of any successful project. However, it can be difficult to turn goals and strategy into tangible action, and, therefore, projects of all sizes and across all industries have a high tendency to fail. Implementation planning can reduce this chance of failure by helping turn strategy into action.
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PROJECT EXECUTION
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This is the phase where deliverables are developed and completed. This often feels like the meat of the project since a lot is happening during this time, like status reports and meetings, development updates, and performance reports. A “kick-off” meeting usually marks the start of the Project Execution phase where the teams involved are informed of their responsibilities.
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PROJECT PERFORMANCE/MONITORING
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This is all about measuring project progression and performance and ensuring that everything happening aligns with the project management plan. Project managers will use key performance indicators (KPIs) to determine if the project is on track. A PM will typically pick two to five of these KPIs to measure project performance:
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PROJECT CLOSURE
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This phase represents the completed project.
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Customer Insights
Customer Experience
Leading of Way
This is the start of the project, and the goal of this phase is to define the project at a broad level. This phase usually begins with a business case. This is when you will research whether the project is feasible and if it should be undertaken. If feasibility testing needs to be done, this is the stage of the project in which that will be completed.
Project planning is an essential aspect of any successful project. However, it can be difficult to turn goals and strategy into tangible action, and, therefore, projects of all sizes and across all industries have a high tendency to fail. Implementation planning can reduce this chance of failure by helping turn strategy into action.
This is the phase where deliverables are developed and completed. This often feels like the meat of the project since a lot is happening during this time, like status reports and meetings, development updates, and performance reports. A “kick-off” meeting usually marks the start of the Project Execution phase where the teams involved are informed of their responsibilities.
This is all about measuring project progression and performance and ensuring that everything happening aligns with the project management plan. Project managers will use key performance indicators (KPIs) to determine if the project is on track. A PM will typically pick two to five of these KPIs to measure project performance
This phase represents the completed project.
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