Project managers have a huge responsibility of delivering projects and managing it through all the project management phases for their organization that meets the demands of the customer. This is not an easy job to do and requires a lot of effort for project managers.
From the initial discussion between stakeholders about the feasibility of the project to the final project delivery to the clients, a project manager has many responsibilities. It is not surprising that a certified project management professional is among of the most sought-after individuals in the industry and earn far better than their non-certified counterparts.
A professional certified PMP is one who is highly knowledgeable and skilled in project management concepts and project management tools. Individuals desiring to get the certification in PMP can attempt the PMP certification examination conducted by PMI (Project Management Institute). It is one of the most difficult examinations for professionals. A candidate who is wishing to get PMP certification should opt for PMP Training and then prepare for the certification examination.
Project Management Phases
Project manager manage the various projects for an organization in five phases of the project management life cycle. Listed below are the various steps PMPs take to manage a project:
5 Phases of Project Management
Phase 1- Initiation
This is the initial discussion phase, where the project overview is submitted and the objective of the project is considered.
The initiation phase includes the following steps:
- Conducting the feasibility study – The first step is to understand the various aspects of the project through documentation and elaborate study of the requirement for the project.
- Setting the project scope and deliverables – The next step is to identify the scope of the project and the deliverables required to carry out the project.
- Forming the project team – This step includes assembling the team of stakeholders to take the project from the starting line to the finish line.
- Establish a business case – The final step in the initiation phase is to establish a case for the need of the project and the impact of the project on the business objectives.
Phase 2- Planning
This is a crucial phase of the project life cycle. This is where the business plan is formed to carry out the project development.
- Formulating the project plan – A project plan is the map of the project.
- Resource planning – This includes managing the financial and human resource requirements for the project.
- Assessing risks – Every project has the chance of facing problems due to unforeseen circumstances.
- Assemble the team and assign tasks – Project managers identify the project management professionals best suited for the project and assign tasks to them.
Phase 3- Execution
Project managers lead their project management team to perform the various tasks in the project according to the project plan.
- Task management
- Schedule management
- Cost management
- Quality management
- Resource management
- Procurement management
- Change management
- Collaboration
Phase 4- Monitoring & Control
This is the phase where the project manager monitors the progression of the project against the plan and takes the necessary steps to control the outcome.
- Reviewing the process – This step measures the tasks against the project plan.
- Reporting the progress – This step tracks the project progression through data.
Phase 5- Closure
The final step of the project life cycle is the closing phase. This phase depicts the completion of the project.
This concludes the roles and responsibilities of a project manager across the project life cycle. Through the PMP Certification Training, future project managers can learn all about the various steps involved to manage a project.