![]() ![]() ![]() Each time there is a discrepancy during the monitoring phase, the plan needs to be altered and re-implemented. The project process also goes back and forth between planning, executing, and monitoring during this phase. Monitoring and controlling consists of keeping to your schedule, reporting to stakeholders and interested parties, monitoring the budget, and making sure that the execution of the project matches up to the initial plan. The performance of the project team is crucial during this part of the process. The execution phase can take the longest of all the processes, depending on the particular project: it can be the building of the largest skyscraper in the world, or it can merely be a two-day conference that needs to be managed. EXECUTIONĮxecution means the implementation of your project plan. The plan then needs to be evaluated and approved by project stakeholders (your client, employer, or even in some cases: the government). This baseline plan will include things like: schedules, resource lists, tasks and activities, team members, risk analyses and reporting structures. During this phase, you write out a baseline plan for your project. During initiation, you work with a client brief and brainstorm ideas, define the project, define the project’s goals, and set up the specifications and parameters of the project. This is the first phase of the project process. The 5 process groups comprise a project’s life-cycle, from beginning to completion. All these different process, however, can be grouped into 5 categories called the 5 process groups. There are, in fact, 47 identifiable processes, according to the PMBOK Guide. A project consists of countless processes, from defining a project, to creating a budget, to compiling statistics. ![]()
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