2. Planning or Development;

3. Execution;

4. Monitoring and the final

6. Analyzing the business needs or requirements in measurable goals;

7. Reviewing of the current operation;

8. Financial analysis of the costs and benefits including a budget;

9. Stakeholders analysis, including users, and support personnel for the project;

10. Project charter including costs, tasks, deliverables and schedule.

11. Planning or Development – After carefully regulating the initial stage of the project, then arrive the planning and development stage! This stage includes more of a detailed stuff for the given project like:

12. How start on with the project;

13. Develop the scope statement;

14. Selecting the planning team;

15. Identifying deliverables and creating the work breakdown structure;

16. Identifying the activities needed to complete those deliverables and networking the activities in their logical sequence;

17. Estimating the resource requirements, cost and time for the activities; and

18. Developing schedule and budget for the project.

19. Execution – Execution consists of starting the work according to the planning and development done in the earlier stages. This process includes the timely delivering of the work by the workforce, coordination, availability of resources and so on.

20. Monitoring - Monitoring involves keeping an eye on the execution of the project. It includes various factors like ongoing project activities, various project variables like cost, efforts, deliverables, project performance, identify the risk and take corrective and timely decision for the same.

21. Closing – This is the last step of completion in the project life –cycle. Here, the project needs are met and is successfully accomplished. This is a step by step procedure of the project management that is to be followed while handling any given project. However, to perform on every stage one needs to be skilled and trained and this can be done only through professional project management trainings. <br />The Injazat Institute is one of the most sought after project management training academy in the UAE. They feature various project management courses and programs for your development and professional advancement! For course details visit their website – www.ti2.ae <br />