What is project management?

5 phases of project management

project management

Project management is the process of initiating, planning, controlling and executing a particular work to achieve specific goals within the specified time and budget.

A project is a unique task taken to achieve specific goals with specific success criteria. A key factor differentiating “project management” from “management” is the finite timespan, defined outcomes/goals whereas management which is an ongoing process. Because of this a project manager needs a wider range of skills including technical, human resource management and good knowledge of business.

Here are the 5 phases of project management:
  1. Project concept and initiation
    • Project charter
    • Project implementation
  2. Project definition and planning
    • Scope and budget
    • Work breakdown
    • Timeline
    • Communication plan
    • Risk Management
  3. Project launch and execution
    • Status and tracking
    • KPIs
    • Quality
    • Forecast
  4. Project performance and control
    • Objectives
    • Quality variables
    • Efforts and cost tracking
    • Performance
  5. Project closing
    • Handover in a professional manner
    • Results reporting
    • Documentation
About us: Skope Group Services Australia is a proud Australian company with over 45 years of experience in Signage, Digital Signage, Technology Solutions, Commercial cladding, Commercial fit outs, Refurbs and maintenance and overall project management services. Following best project management practices we help our clients to achieve success in the business projects. Please feel free to catch up with us to discuss your requirements: Schedule a no obligation meeting.