The Project Manager must perform a Risk Analysis to determine Risks, the likelihood of each risky event happening and its impact. A plan must be developed to manage the more significant risks. The Project Plan is based on a Software Process Model . The Project Manager may determine the Organisational Structure needed to carry out the project. As a result of these activities, the Project Manager is in a position to negotiate with the client to start the project and has the plan and information to monitor and control it.
Monitoring is the task of comparing performance with the plan and estimates.
Deviations alert the manager to take corrective action and must be investigated. As a result, the plan of action may be modified or the estimates updated. At the end of the Project, the Manager must review it to determine its success and to update records of performance so that management of future tasks can be improved.