Three Phases Of The Project Management Lifecycle

By Author: Shalabh Mathur
Total Articles: 79
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In today’s competitive era, every brand should implement the right strategies to deliver excellent results. A systematic approach for every organization is a necessary step to be ahead of your competitors.

What is the first thought that comes into your mind when you read the word “Project Management”?

What is Project Management?

In easy words, a project is defined as a series of activities being done to achieve a business goal.

At the beginning of any project, there are a number of planning and works that need to be done in a short period of time and in the right sequence. Let’s dive into the phases of any project management lifecycle.

Initiation: At first your need to know about the business needs, problems, or any opportunity coming in the way and the ways that your company and the team can meet these needs. You should know what exactly the company is planning to achieve. This is the most crucial phase of the project management lifecycle because if your fail to plan the goal, your end result will surely fail.

Execute and complete tasks: After planning everything in the right ...
... way, you can come to the execution part. Execution means putting your plans into action and keeping an eye on each and every track. This usually includes tracking and measuring progress, managing quality, mitigating risk, managing the budget, and using data to inform your decisions.
Closure: In the closure phase of the project management lifecycle, you need to find out the things which you have missed and fix them before giving them back to the new user.

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I am Shalabh Mathur currently working in Solugo. I am handling ll operation duties of my company. Our solutions are backed up by authentic and relevant data acquired from our diverse and balanced panel pool, with a special focus on sampling & solutions that help our clients connect with their target audience and collect valuable and sought after data that further helps them devise business strategy and make the right decisions .