what is the first step in the project management “cycle”? course hero

Which phase of project management is the most commonly associated with?

1. Yes, it will improve stakeholder management for the reason that you will be practicing always how to do proper stakeholder management. 2. I will make an appointment at least twice or thrice a month to ensure that the sponsors are well updated and still in touch at the same time.

What is the project management life cycle?

The correct answer is Create a project plan Step-by-step explanation The first step in project management is the initiation phase where the project's objectives are identified. Project planning encompasses the establishment of scope and definition of the objectives. The planning phase is the next step after a project begins.

What is the first phase of the project lifecycle?

Preparing a plan of action is the first step of a project, according to Project Management Institute (PMI). This is when the sponsor officially approves the project, defines the first scope, and identifies the stakeholders. In this case, identifying the right stakeholders (and then managing them appropriately) is really essential.

What is the project management process in project management?

All tutors are evaluated by Course Hero as an expert in their subject area. Rated Helpful The project life cycle of your project would typically involve the following stages: 1. Initiation 2. Planning 3. Execution 4. Monitoring and Control 5. Closure 1.

What is the 1st phase of project management cycle * 1 point?

The initiating phase of the project life cycle consists of just two separate processes: the project charter and stakeholder register. The point of this phase is to determine the vision for your project, document what you hope to accomplish, and secure approvals from a sanctioning stakeholder.

What is the first step in project scope management?

The first step toward defining project scope is to create a statement of work . A statement of work is the official document that outlines the requirements for a particular project. It includes a general description of the work requested, a timeline, a schedule, any special skills necessary and the work location.

What is a gate in project management?

Project Gates are key points in a project where a formal review of the project's current state is performed. Most often they appear at the phase transitions of projects and represent a point in the project where the sponsor and stakeholders will incur increased risk, expense, and reward.

What are the 5 phases of a project?

Project management is mapped into process groups and knowledge areas by the Project Management Institute. The five key process groups are initiating, planning, executing, monitoring and controlling and closing.

What is the first and most important step for a successful project execution?

The key to any successful project is planning. The main purpose in planning is to plan time, cost, and resources in order to estimate the work needed to complete the project. Additionally, planning helps to manage risk during execution.

What are the 5 main processes in project scope management?

Five Project Management Process Groups in Project Scope Management:Collect Requirements.Define Scope.Create WBS.Verify Scope.Control Scope.

What are the project phases?

Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.

What is the 5 stage gate of project management?

At each of these stages, the possible decisions that can be given are: go (go ahead), kill (must end), hold (on the backburner), and recycle (needs further work before moving ahead).

What are the stages of the stage-gate process?

Stage Gate modelStage 0: discovery.Stage 1: scoping.Stage 2: business plan concept.Stage 3: development.Stage 4: testing and validation.Stage 5: launch and implementation.

Which of the following is the first phase in project life cycle?

1. Project initiation stage: understand the goals, priorities, deadlines, and risks of the project. The initiation stage of the project management life cycle is when you meet with clients and stakeholders to understand their goals, motivations, and hopes for the project.

What are the 5 management process?

At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling.

What are the 4 main processes of project management?

Whether you're in charge of developing a website, designing a car, moving a department to a new facility, updating an information system, or just about any other project (large or small), you'll go through the same four phases of project management: planning, build-up, implementation, and closeout.

What is the first step in project scope management quizlet?

What is the first step in developing a project scope management plan? Planning Scope: defines of all the work needed to successfully meet the project objectives.

What are the steps for project scope management processes?

Steps of project scope managementPlan Your Scope. In the planning phase, you want to gather input from all of the project stakeholders. ... Collect Requirements. ... Define Your Scope. ... Create a Work Breakdown Structure (WBS) ... Validate Your Scope. ... Control Your Scope.

What are the steps involved in scope management?

Below is an overview of the main steps involved in creating a scope management plan.Collect the required inputs. ... Generate a work breakdown structure (WBS). ... Translate your WBS into discrete tasks. ... Identify project requirements. ... Develop a scope statement. ... Define your processes.

What is the correct order of the scope management process?

Plan Scope Management: Planning the process, and creating a scope management plan. Collect Requirements: Defining and documenting the stakeholder's needs. Define Scope: Developing a detailed project scope statement. Create WBS: Subdividing project deliverables into smaller work units.

How many phases are there in the project management life cycle?

This has been a guide to Project management Life Cycle. Here we have discussed the basic concept with five Phases of the project management life cycle. You can also go through our other suggested articles to learn more –

What is the second phase of project management?

This is the second phase of project management. During this phase, a detailed project plan is created. This plan includes tasks, resources required, timelines, cost, etc. In addition, further planning for prioritizing requirements is done. Gantt chart, which indicates timelines for the various task, is one of the important documents created for planning. Different plans that are created depending on the type of project are:

Why is the execution phase merged with the execution phase?

This phase is merged with the execution phase because both occur at the same time. The main objective here is to ensure that execution is carried out as per the plan. Timelines and costs adhere. Below points are implemented during monitoring:

What is deployment plan?

Deployment Plan: It includes the outline of deploying the project deliverables. The approach towards deployment, the responsibility of team members during and after the deployment, issue tracking, and support on project post completion of the project.

How many phases does a project go through?

Whether the project is software development, or new product launch, or even a movie, its management will progress through five life cycle phases.

What is resource plan?

Resource Plan: It identifies resources required for project and consumption and schedule to procure the resources. The mapping of human resources is outlined in this plan.

What is a project in PMI?

According to PMI, a project is defined as temporary with a definite beginning and end in time. Also, the project is unique without routine operation and meant to meet the singular goal with a specific set of operations.

What is the first phase of the project management life cycle?

The first phase of the project management life cycle is project initiation. This is where the project’s value and feasibility are measured. Project managers typically use two evaluation tools to decide whether or not to pursue a project:

What is the first phase of a project?

Initiation is the first phase of the project lifecycle. This is where the project’s value and feasibility are measured. Project managers typically use two evaluation tools to decide whether or not to pursue a project: 1 Business Case Document – This document justifies the need for the project, and it includes an estimate of potential financial benefits. 2 Feasibility Study – This is an evaluation of the project’s goals, timeline and costs to determine if the project should be executed. It balances the requirements of the project with available resources to see if pursuing the project makes sense.

Why do project managers need a project plan?

Once the project receives the green light, project managers need a solid project plan to guide their team, execute the project on time and stay within the budget. A well-written project plan gives guidance for obtaining resources, acquiring financing and procuring required materials. The project plan gives the team direction for producing quality outputs, handling risk, creating acceptance, communicating benefits to stakeholders and managing suppliers.

What is a project plan?

The project plan gives the team direction for producing quality outputs, handling risk, creating acceptance, communicating benefits to stakeholders and managing suppliers. The project plan also prepares teams for the obstacles they might encounter over the course of the project, and helps them understand the cost, scope and timeframe of the project.

How many phases are there in a project?

Project managers often find it easier to manage the full scope of a project by breaking it down into five project phases that make up the project management life cycle.

When do teams close a project?

Teams close a project when they deliver the finished project to the customer, communicating completion to stakeholders and releasing resources to other projects . This vital step in the project management life cycle allows the team to evaluate and document the project and move on to the next one, using previous project mistakes and successes to build stronger processes and more successful teams.

Why are monitoring and control sometimes combined with execution?

Monitoring and control are sometimes combined with execution because they often occur at the same time. As teams execute their project plan, they must constantly monitor their own progress.