Project Management: Analyzing the Five Phases of a Project

This project management assignment explores the five crucial phases of the project management process: initiating, planning, executing, controlling, and closing. The assignment emphasizes the significance of these phases in ensuring successful project outcomes, particularly in larger-scale projects, while also acknowledging their relevance in smaller projects. It details how each phase contributes to the overall project lifecycle, from establishing project goals and roadmaps to managing risks, resolving conflicts, and assessing the feasibility of strategies. The document references key project management literature to support its arguments, highlighting the importance of a structured approach to project management for effective resource utilization and the mitigation of potential challenges. The assignment provides a comprehensive overview of the project management process, offering valuable insights into how to approach and manage projects from start to finish.

Running head: PROJECT MANAGEMENT
PROJECT MANAGEMENT
Name of the Student
Name of the University
Author Note

1PROJECT MANAGEMENT
Project management process is built based on the five phases, including, initiating,
planning, executing, controlling and closing. Five phases of the project management process
are very significant in framing a complete approach to successful project implementation.
The five phases of the project management process are required to assess the viability of the
steps and resources utilization applied in the management of a project idea. The five-phase
process allows chalking out the detailed analysis of a plan, which can mitigate risks and
construct precautionary steps for potential concerns in a project idea. A Project cannot be
managed without the five phases as it contributes majorly over the final output of a project. In
the first stage, the idea is discussed by describing available information on the subject. The
initiation stage aligns the interests of the participative members (Kerzner, 2017). Planning
builds the roadmap, which is implemented in the execution stage by eliminating unnecessary
distractions and solves conflicts, thereby contributing to the overall costs and productiveness
(Meredith, Mantel Jr & Shafer, 2017). The monitoring and control stage verifies the
feasibility and applicability of the stage, followed by closing the project with the
accompanied best suitable activities and strategies (Kerzner, 2017). The five-phase process
of the project may not be as significant in the smaller-scale project as in the larger volume or
scale project plans due to the intensity of negative consequences. However, it is still relevant
in assessing the feasibility and effectiveness of a project idea and accompanied strategies
(Meredith, Mantel Jr & Shafer, 2017). The phases allow the project managers and team
members to understand the potential risks and response plan action in executing the relevant
project idea. Nevertheless, the degree of significance will differ based on the scale of the
project.

2PROJECT MANAGEMENT
References:
Kerzner, H. (2017). Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
Meredith, J. R., Mantel Jr, S. J., & Shafer, S. M. (2017). Project management: a managerial
approach. John Wiley & Sons.