Here’s the process flow of project management, specifically following the Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBOK) framework. Here’s a categorized summary of the process:
Initiation Phase:
- Project Charter: Based on the business case and Benefits Management plan, approved by the sponsor, and shared with key stakeholders.
- Stakeholder Identification: Identify stakeholders and put them into the stakeholder register. Categorize and prioritize stakeholders using power interest metrics.
Planning Phase:
- Stakeholder Engagement Plan: Define strategies to engage stakeholders effectively.
- Communication Plan: Determine what information to communicate, to whom, and when, ensuring the right impact.
- Resource Plan: Acquire, manage, develop, and release project resources.
- Procurement Plan: Define procurement strategy, contract types, and agreement procedures.
- Scope Plan: Define project scope.
- Requirement Plan: Address project requirements and quality standards.
- Quality Plan: Establish quality standards, benchmarks, and cost of quality.
- Schedule Plan: Develop project schedules.
- Risk Management Plan: Define procedures for risk identification, ranking, qualitative and quantitative analysis, and response planning.
- Project Life Cycle: Decide between predictive or agile methodologies and tailor the approach accordingly.
Execution Phase:
- Work Execution: Implement the approved project plan.
- Issue Management: Address raised issues and manage deliverables’ quality.
- Stakeholder Management: Continuously engage stakeholders, conduct procurement, implement risk responses, and monitor and control project activities.
Monitoring and Control Phase:
- Change Management: Raise change requests for any project changes, get approval from the change control board, and implement approved changes.
- Work Performance Reporting: Produce work performance reports as per the information plan.
- Quality Control: Verify deliverables in control quality, ensuring they meet the required standards.
- Closure Phase:
- Project Closure: Close the project after obtaining sponsor approval.
- Documentation: Share the final report, update project documents, and document lessons learned.
- Release: Release project resources and formally close the project.
This summary outlines the key steps and processes involved in project management according to the PMBOK framework.
