The Four Major Stages of a Project
Lou Russell (2000) uses a four-stage approach to project management:
Define: the stage in which the project charter is created, the specific objectives and deliverables for the project are spelled out, risks are identified, and change management procedures are agreed upon.
Plan: the stage in which required tasks are identified, effort and cost estimates are made, and a project schedule and budget are approved and published.
Manage: the stage in which tasks are executed, risks to the project are managed, and scope and change control procedures are administered.
Review: the stage during which team and stakeholders formally evaluate the success of the project, publish their findings, and turn over project documentation ...
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