Part 2/11:
Consider a scenario where a skyscraper is constructed without any blueprint. The lack of a structured plan can lead to budget overruns, missed deadlines, and overall failure. This is where project managers step in, providing strategic oversight and ensuring that every detail is meticulously managed.
The Four Stages of Project Management
A successful project typically follows four essential stages:
Planning: This stage involves creating a clear roadmap with defined objectives, timelines, and milestones.
Execution: Here, tasks are assigned, resources are managed, and the project plan is put into action.
Monitoring and Control: In this phase, project progress is tracked, issues are resolved, and necessary adjustments are made.