In the project management process, the third and fourth phases are not sequential in nature. Theproject monitoring and controlling phaserun simultaneously with project execution, thereby ensuring that objectives andproject deliverablesare met. As a project manager, you can make sure that no one deviates from the original plan by establishing Critical Success Factors (CSF) andKey Performance Indicators(KPI). During the monitoring phase of project management, the manager is also responsible for quantitatively tracking the effort and cost during the process. This tracking not only ensures that the project remains within the budget but also is important for future projects. This is the final phase of the project management process. Theprojectclosurestage indicates the end of the project after the final delivery. There are times when external talent is hired specifically for the project on contract. Terminating these contracts and completing the necessary paperwork is also the responsibility of the project manager. Most teams hold a reflection meeting after the completion of the project in order to contemplate their successes and failures during the project. This is an effective method to ensure continuous improvement within the company to enhance the overall productivity of the team in the future. The final task of this phase is to review the entire project complete a detailed report that covers every aspect. All of the necessary data is stored in a secure place that can be accessed by project managers of that organization. While spreadsheets and post-it notes sufficed in the past, the requirement of digital project management is completely different. If you're looking for project managers who have experience who are familiar with all 5 phases from initiation to closing, you can use the project management test to find the most qualified candidates. Nowadays, using cloud-based project management software is a common way of storing all of the documents related to the project. Dividing a project into multiple phases gives the project a semblance of predictability. It gives a framework to operate, making it easier to plan and execute. While spreadsheets and post-it notes sufficed in the past, the requirement ofdigital project managementis completely different. You need the right tools to plan, organize, and track projects. You need anonline project management softwareto simplify the project management phases for each project.Phase 4: Project monitoring and controlling
Phase 5: Project closing
Simplify your project management process
