What Are The Stages Of Project Management

In the business world, project management is one very crucial factor to success. To achieve your business goals and meet specific success criteria, you need to learn about effective project management. And the first thing that you need to know about project management is its five stages.

- Initiation. You need to initiate what you really want to achieve for your business. This is the process where you get inspiration and new ideas for business growth.

- Planning and design. When you already know what you want for your business to achieve, it is now time to plan and design. Gather all information you need and choose which ones you can use.

- Execution and construction. Once you have already thought of the plan and how to do things, execution and construction is the next stage. You need to be careful that you follow what is planned to achieve and meet your expectation.

- Monitoring and controlling systems. Of course, you cannot just stop in the 3rd stage as you still need to make sure that everything is according to what is planned.

- Completion and finish point. This is the final stage when you can see the result of your project management and if you have done a great job.

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