Installing a project passes through different phases depending upon the type type of project. For the purpose of study let us consider that a project passes through following phases: 1. Project Identification 2. Project Preparation or Formulation 3. Project Appraisal 4. Negotiations 5. Project Approval 6. Project Planning 7. Project Implementation. Phase # 1. Project Identification: First phase of the [...]
After reading this article you will learn about:- 1. Definition of Project Management 2. Results Expected from Project Management 3. Tools and Techniques 4. Benefits. Definition of Project Management: Project management is one of the most challenging and creative tasks. Today, project management is used for projects big and small collection of several activities or jobs with: i. Specific objectives [...]
This article throws light upon the five main phases involved in project life cycle. The phases are: 1. Project Identification Phase 2. Formulation Phase 3. Detailed Project Planning Phase 4. Project Implementation Phase 5. Project Hand Over Phase. Phase # 1. Project Identification: For the purpose of identifying the project, a study of various alternatives is necessary. To assess the [...]