Project Management Processes

As shown in Figure 5.2, there are four major processes in the activity of project management:

  • Project justification, approval, and review;

  • Project planning;

  • Project tracking; and

  • Project reporting.

Figure 5.2. Overall project management process

Project Justification, Approval, and Review

This activity is typically undertaken by senior management. It involves the evaluation of potential projects (projects identified via the strategic planning process and new initiatives), the approval of the undertaking of a project feasibility study, the review of the project's business case (including cost–benefit), and the regular review ...

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