According to the Project Management Body of Knowledge Guide by the Project Management Institute (PMI), the 5 basic phases in a project management process are:
Project initiation – it involves defining project goals, creating a business case, outlining the project charter, and identifying the main stakeholders.
Project planning – this phase requires one to define the project scope, create a project plan, set a budget baseline, and define roles and responsibilities.
Project execution – it encompasses practical aspects such as project resource allocation and management, building the product or process, identifying and addressing issues as they rise.
Project monitoring – here is where the relevant project participants track efforts and cost, monitor project progress, ensure adherence to plan, and prevent or minimize risks for disruptions.
Project closing – this final stage entails the hand-over and review of project deliverables, approval of project results, as well as documentation of project learnings.
Project management charts go a long way in helping you manage these different phases of project development more effectively. Create your own easy-to-understand and data-driven charts to improve the quality of your project work using a dedicated project chart maker like Office Timeline.