Role and Importance of Project Execution in Plan-Execute-Monitor-Control Cycle

Running head: PROJECT MANAGEMENT
Project Management: Analysis of role and importance of project execution within the context of
the plan-execute-monitor-control cycle
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1PROJECT MANAGEMENT
Analysis of role and importance of project execution
Project management lifecycle is referred to as a complete process following which path a
project can be executed within the estimated budget and time. Within the context of plan-
execute-monitor-control cycle, project execution plays crucial role. There are five sequential
phases such as project initiation, planning, execution, monitoring and control and closure phase
that are to be followed by the project manager to reach the ultimate goal and objectives.
Whatever activities are accomplished in the rest of the phases will go in vain if the execution
phase is interrupted anyhow. It is the responsibility of the project head and the analysts to adopt
and follow all needful strategies to ensure execution of an error free project. Under the
professional discipline of project management, strategic project management is becoming one of
the most popularly growing trends. The project management team needs to learn the relationship
between the project strategies and business aspects. While outlining the framework for any
project that should be dedicated towards project strategy document in terms of project planning
and project execution. The process of project execution involves system analysis based on needs
requirements, enterprise architecture, system design, hardware, software and testing,
development and deployment. Pinto, Dawood and Pinto (2014) stated that, one of the central
building blocks of strategic project management is similar to project strategy concept. With the
changing logic individual projects are required to be strategically handles starting from the
project planning to project execution phase. Once the project goal is achieved the project strategy
becomes an integrated part for project planning and execution. While it comes to project
execution several other ways are indicated to reach the success term of development and
completion development. The goal of any project execution phase is to evaluate all process,
analysis, plan and procedure of a project in accordance with the project specifications. In