Explain three phases of project management, and 7-S framework of project management.
Three phases of project management are -
Initiation
During the initiation phase, you define the project and establish its purposes. You also determine its direction. At this point, you should identify the relevance of the project to your business. You'll need to specify the budget and identify the knowledge, human resources, tools and practices you'll need. In the planning phase, you basically design the project, usually with a team. Think of who, what, when, where, why and how in designing the plan. Specify key people in the project and align the team. Prepare a schedule and identify the desired outcome for every action. Finally, re-evaluate the cost of the project before you execute it.
Execution
Execution is the fulfillment of the project’s objectives.
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