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                    Notes          9.3.3 Six Stages of Project Management

                                   A project undergoes six stages during its life cycles and they are noted below.
                                       Project Definition: This refers to defining the objectives and the factors to be considered to
                                       make the project successful.

                                       Project Initiation: This refers to the resources as well as the planning before the project
                                       starts.

                                       Project Planning: Outlines the plan as to how the project should be executed. This is where
                                       project management triangle is essential. It looks at the time, cost and scope of the project.
                                       Project Execution: Undertaking work to deliver the outcome of the project.

                                       Project Monitoring & Control: Taking necessary measures, so that the operation of the
                                       project runs smoothly.
                                       Project Closure: Acceptance of the deliverables and discontinuing resources that were
                                       required to run the project.

                                   9.3.4 Overcoming Challenges to Project Constraints

                                   It is always a requirement to overcome the challenges related to the project triangle during the
                                   project execution period. Project managers need to understand that the three constraints outlined
                                   in the project management triangle can be adjusted.
                                   The important aspect is to deal with it. The project manager needs to strike a balance between
                                   the three constraints so that quality of the project will not be compromised. To overcome the
                                   constraints, the project managers have a several methods to keep the project going. Some of
                                   these will be based on preventing stakeholders from changing the scope and maintaining limits
                                   on both financial and human resources.

                                   A project manager’s role is evolved around responsibility. A project manager needs to supervise
                                   and control the project from the beginning to the closure.
                                   The following factors will outline a project manager’s role.

                                       The project manager needs to define the project and split the tasks amongst team members.
                                       The project manager also needs to obtain key resources and build teamwork.
                                       The project manager needs to set the objectives required for the project and work towards
                                       meeting these objectives.
                                       The most important activity of a project manager is to keep stakeholders informed on the
                                       progress of the project.

                                       The project manager needs to assess and carefully monitor risks of the project.

                                   9.3.5 Conclusion

                                   Project management is very often represented on a triangle. A successful project manager needs
                                   to keep a balance between the triple constraints so that the quality of the project or outcome is
                                   not compromised.
                                   There are many tools and techniques that are available in order to face the challenges related to
                                   the three constraints. A good project manager will use appropriate tools in order to execute the
                                   project successfully.





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