Building a Software Application
Let’s see how companies execute projects with the above mentioned points.
1. Initiation
- Define project objectives: Create a user-friendly project management software.
- Identify stakeholders: Project managers, developers, end-users and executives.
- Develop a business case: Argument the reasons why software is needed for improving project management procedures.
2. Planning
- Create a project plan: Outline the tasks, timelines and resources required.
- Define roles and responsibilities: Define the duties of every team member.
- Develop a risk management plan: Recognize possible risks, such as technological difficulties or scope shifts.
3. Execution
- Assign tasks: According to the plan for this project, developers begin coding.
- Monitor and control: Also, periodically check the progress, promptly resolve problems and adjust to changes in demands.
- Manage changes and risks: Make changes or solutions where necessary to minimize impact on the project schedule.
4. Monitoring and Controlling
- Track progress: Monitoring the completion of tasks means using project management tools.
- Manage risks: Continuously evaluate and control risks, adjusting the plan if needed.
- Ensure quality: Everyday check software quality.
5. Closing
- Verify deliverables: Verify that the software conforms to specified requirements.
- Obtain acceptance: Approval from end-users and stakeholders.
Why do Companies Execute Projects?
In the project management life cycle, the execution of the plan is a critical phase. Achieving the project’s defined objectives within certain constraints (several sets, namely time and quality) as a result of the coordinated efforts in planning by an entire team to allocate resources according to work items. The key to delivering value for stakeholders and the successful completion of a project is effective execution.
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