Project management and phases
Typically, a project has several phases, including initialization, implementation, and analysis. Additionally, projects have stages, such as Created, Estimated, Scheduled, In process, and Finished.
Successful project delivery requires accurate management through each stage and phase:
Initialization - The creation of all assets that are required for the project. Creating quotations, contracts, and breakdown structures, and assigning workers and resources are part of this phase.
Implementation - This phase is more about managing the team members, recording work and expenses that are incurred, picking or procuring more materials, and managing forecasts and budgets.
Analysis - After you've successfully completed a project, the last part of the process is to analyze the pieces. You'll want to understand how well you did, from determining invoices, validating payment dates, analyzing the cash flow, and reviewing project statements. The analysis helps future project delivery, ensuring that the information that was gathered, produced, and delivered from previous projects was accurate and well received.