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Project Management:
What it is & Best
Practices for
Successful Project
Management
Swipe right to read more about it
Project management is a strategic
execution of everything a team has to
do to accomplish all objectives with
specific parameters.
It is all about setting up a plan,
managing it, & controlling the project’s
factors.
There are mainly 5
phases of successful
project management-
Project Initiation :
It is the first phase of Project Management.
Initiating a project involves gathering
background information, generating ideas,
and forming an action plan.
Project Planning :
This phase aims to set the key milestones
and deadlines for the final project
completion, ensuring that all your team
members move towards the same goal.
Project Execution :
The project execution phase includes
workflow management & corrective actions
from the client, ensuring that everyone
stays on the same page & the project runs
steadily without any issue.
Project Monitoring & Controlling :
Project monitoring helps the manager
identify the current project status vs. the
actual project plan and prevent the
chances of disruptions & costs for the
project.
Project Closing :
This phase ensures that all loose ends are
tied up, & the client walks with the final
deliverables.
Here are some of the
tips recommended for
a successful project
management process:
• Invest in initiation and planning
• Decide on the realistic scope
• Communicate effectively
• Create a risk response team
• Plan your schedule wisely
• Practice effective resource management
• Ensure stakeholders requirements
• Monitor & track project progress regularly
• Arrange the reflection meeting
• Choose a suitable project management
methodology
• Encourage transparency & ownership
culture
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Project Management: what it is & Best Practices for Successful Project Management

  • 1. Project Management: What it is & Best Practices for Successful Project Management Swipe right to read more about it
  • 2. Project management is a strategic execution of everything a team has to do to accomplish all objectives with specific parameters. It is all about setting up a plan, managing it, & controlling the project’s factors.
  • 3. There are mainly 5 phases of successful project management- Project Initiation : It is the first phase of Project Management. Initiating a project involves gathering background information, generating ideas, and forming an action plan.
  • 4. Project Planning : This phase aims to set the key milestones and deadlines for the final project completion, ensuring that all your team members move towards the same goal. Project Execution : The project execution phase includes workflow management & corrective actions from the client, ensuring that everyone stays on the same page & the project runs steadily without any issue.
  • 5. Project Monitoring & Controlling : Project monitoring helps the manager identify the current project status vs. the actual project plan and prevent the chances of disruptions & costs for the project. Project Closing : This phase ensures that all loose ends are tied up, & the client walks with the final deliverables.
  • 6. Here are some of the tips recommended for a successful project management process: • Invest in initiation and planning • Decide on the realistic scope • Communicate effectively • Create a risk response team • Plan your schedule wisely
  • 7. • Practice effective resource management • Ensure stakeholders requirements • Monitor & track project progress regularly • Arrange the reflection meeting • Choose a suitable project management methodology • Encourage transparency & ownership culture
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