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Project Management

Execution, Monitoring, and Closing Phase

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Execute the Project Plan

  • Keep track of lessons learned
  • Keep an issues log
  • Update plans as things change
  • Acquire project resources
  • Develop and manage the project team
  • Manage communications
  • Implement risk responses
  • Conduct procurement
  • Manage stakeholder engagement

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Monitor and Control

  • Process change requests and scope
  • Monitor project activities and control quality
  • Validate scope by accepting completed project activities
  • Control the schedule
  • Control costs
  • Control resources
  • Monitor communications
  • Monitor risks
  • Control procurement
  • Monitor stakeholder engagement
  • Recommended corrective actions

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Close Project

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  • Close issues log, risk logs, and report
  • Report quality
  • Calculate total project cost vs budget and report
  • After action review to capture all lessons learned
  • Pay outstanding invoices, ensure contracts are closed, and close procurements
  • Close out project with team and stakeholders
  • Store all documents for future use on new projects

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Sources

Project Management Institute. PMBOK 6th edition. 2017