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It involves applying knowledge, skills, tools, and techniques to project activities to meet the project requirements!

Project Management Methodologies

Waterfall

A linear and sequential approach where each phase must be completed before the next begins. It’s best suited for projects with well-defined requirements and scope3.

Agile

An iterative and incremental approach that promotes flexibility and customer satisfaction. Agile methodologies, such as Scrum and Kanban, are ideal for projects with evolving requirements

Hybrid

Combines elements of both Waterfall and Agile methodologies. It allows for structured phases while incorporating flexibility where needed3.

Phases of Project Management

Initiation

Defining the project at a high level and securing approval to proceed. This phase includes developing a project charter and identifying stakeholders.

Planning

Establishing the scope, objectives, and procedures. Detailed planning includes creating schedules, budgets, and risk management plans.

Execution

Performing the work defined in the project plan to achieve the project’s objectives. This phase involves coordinating people and resources, as well as managing stakeholder expectations.

Monitoring and Controlling

Tracking, reviewing, and regulating the progress and performance of the project. This phase ensures that project objectives are met by monitoring project activities and making necessary adjustments.

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Closure

Finalizing all project activities, completing deliverables, and formally closing the project. This phase includes obtaining stakeholder acceptance and conducting post-project evaluations.

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Project management is essential for turning ideas into reality, ensuring that projects are completed on time, within budget, and to the desired quality standards.

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