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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