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What are the important phases of project management?
The six phases of project management:
Dividing a project within phases makes this possible to lead this in the best possible direction. By such organisation within phases, the total work load of a project is divided within smaller components, therefore making this easier to monitor. The given paragraphs describe a phasing model which has been useful into practice. This includes six phases as given below:
a. Initiation phase
b. Definition phase
c. Design phase
d. Development phase
e. Implementation phase and
f. Follow-up phase
Figure: Project management into six phases, along with the central theme of each phase.
Backward Integration A strategy in which an organization builds competitive benefits by controlling the provider of the raw materials needed to make its products.
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