Information systems: Research activity-Project Management

Explain project management

It is an application of knowledge,skills,tools and techniques to project activities in order to meet stakeholder needs and expectations from a project.

Identify the key stages of project management

1)Initiate

In this first phase, you'll develop a project overview, map out your project management approach, and pick a project manager. The latter, in turn, will select a team and start the planning process. You'll create a project charter at this stage.

2)Plan

In the second phase, you (the project manager) will develop a roadmap for the project team. You'll set goals, define the scope, create a work breakdown schedule (WBS), identify milestones, and develop communication and risk management plans.

3)Execute

This phase involves developing a team and assigning tasks, holding meetings, and setting up tracking systems. Much of the actual work of the project happens in this phase.

4)Control

This phase happens alongside the Execution phase and involves monitoring the team performance and managing its output quality. You'll track deliverables, project costs, and the performance of individual team members and the project as a whole.

5)Close

In the fifth phase, deliverables are handed over to stakeholders and the project is brought to a formal close. You'll review your team's performance and recognize their effort. You'll also analyze the project for flaws and take notes to improve future performance.