The Project Management Institute has established a five-step project management process designed to guide project managers through complex projects systematically. The phases—initiation, planning, execution, monitoring, and closing—help ensure projects remain streamlined and effective. As only 29% of organizations report timely project completions, adhering to these phases can significantly reduce scope creep and rework. The guide outlines each phase's objectives and provides helpful tips and resources to help project managers effectively implement this structured approach for improved outcomes.
The Project Management Institute created a five-step project management process providing project managers a foundation for better management to combat chaos.
Only 29% of organizations say they mostly or always complete projects on time, emphasizing the importance of an organized approach in project management.
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