How much it will cost – budget;
What the risks are;
Benchmark the baseline plan for comparison with actual progress;
Include the people that will actually do the work in the planning process;
They have knowledge of detailed activities to be done;
Participation builds commitment.
In the performing phase, the project plan is executed and work tasks are carried out to produce all
the project deliverables and to accomplish the project objective. The project progress is monitored
and controlled to ensure the work remains on schedule and within budget, the scope is fully
completed according to specifications, and all deliverables meet acceptance criteria. Also, any
changes need to be documented, approved, and incorporated into an updated baseline plan if
necessary:
Third phase of the project life cycle;
Project manager leads project team to complete project;
Pace of the project increases as more and various resources are involved in the project;
It is necessary to monitor and control the project's progress by comparing accomplishments to
the baseline plan;
Corrective actions are taken if a project is off track;
Changes are managed and controlled through documentation, approval, and communication
with agreement between the sponsor and the contractor:
Some change is trivial;
Several alternative actions may be evaluated to determine the best approach to bring the
project back within the scope, schedule, and budget constraints;
Determine whether any sacrifices to scope, budget, schedule, or quality are necessary to
accomplish the project;
The cost of change varies with the timing in the project -- generally, the later in the
project that changes are identified, the greater their effect on accomplishing the project
objective;
The end of the phase, customer satisfaction, is achieved when the work and deliverables have
been accepted by the customer and the project objective has been accomplished.
In the closing phase, project evaluations are conducted, lessons learned are identified and
documented to help improve performance on future projects, and project documents are organized
and archived:
The final phase of the project life cycle;
Includes a variety of actions such as:
Collecting and making final payments;