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Project Management Cycle

The project management cycle describes the life cycle of a project. It includes all the steps which are essential for the success of project management. The five steps are the executive duties of the project management authority. They include: Planning, control, personal, organization and leadership.

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The first step of the cycle is planning, which means defining aims and goals, generating general strategies and taking care of the time frame and budgeting.

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Organization comprises the establishment of an organizational framework and the definition of jobs and responsibilities within the project group.

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The personal step includes the allocation of the jobs and responsibilities and the training and evaluation of employees and college.

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All persons involved in a project have to be lead by one person or a small team which is/are resonsible for the progress in the project. One important job of a leader or a team of leaders is to solve >>problems within the project group. >>Representation and coordination of the project are also part of the leaders role, which includes the managment of the >>fincances.

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The last step is >>controlling. This consists of evaluation, reporting and necessary corrections.

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