What Is IT Project Management? How Does It Work? Part 2

4. Preparation

The project plan details the timetable, resources, budget requirements, performance goals, and activities for managing change, risk, and communications. Using an effective and comprehensive plan, project teams frequently complete assignments on time and under budget. The data you acquire during the planning phase is crucial for the future phases, so aim to give your team enough time to do thorough data analysis. A sponsor normally approves the project proposal at the end of this phase.

5. Shipping

After you complete the project’s deliverables and report progress to the sponsors, the IT development project enters the delivery phase of the life cycle. There are two subphases of delivery that occur concurrently. The first stage is implementation, in which the project team completes the activities on the schedule and produces the project deliverables. The second portion of the delivery phase consists of monitoring and controlling, which are specific tasks required to oversee the progress of the project. Throughout the delivery phase, the project sponsor or other stakeholders frequently request project status reports and briefings from the team. When the project is accepted by the sponsor, the execution stages are completed, unless a project sponsor or stakeholder requests additional information regarding the project’s status and reports.

6. Clearance

In the last phase of the project, the team assures the completion of all tasks in order to formally close the project. After the project is completed and accepted, the team or the IT project manager records all lessons learned and archives papers for future reference. The IT project manager then gives over the project deliverables to the support or operational unit or workforce.

Also Read: What Is IT Project Management? How Does It Work? Part 1