Project Management

Four Phases of a Project

Project Management: 2 Approaches

Business Synergies Approach


For Radical Change/Innovation and Information Technology projects click here



Four Phases of a Project


  • Business case analysis, project charter, and project strategic alignment is completed by the upper management or sponsor

  • Broad direction for the project is provided to the project leader by the sponsor. Objectives, limits, project priorities, and constraints are defined.

Output: Business Case and Project Charter


  • Define project stakeholders

  • Select the team members

  • Define the scope of the project

  • Plan phases and milestones of the project

  • Define any risks associated with the project and develop ways to prevent them

  • Determine the resources required to complete the project

Output: Project Plan

Execution Phase

  • Create the deliverables

  • Monitor project progress

  • Resolve issues

  • Communicate progress

  • Manage changes to the plan

Output: Status Reports; Final Deliverable(s)

Close-Out Phase

  • Evaluation of customer satisfaction

  • Assessment of lessons learned

Output: Close-Out Report



 The Fast Forward MBA in PM    Project Manager's MBA    Information Technology (IT) PM