Four Phases of a Project

Every human activity is a project, from starting a new business to cooking our daily meal, going to school, travelling and life in itself are projects.

What is a project?

In a very simple term, I will define project as anything that has a starting point and an end point.

Virtually all activities (projects) carried out by a human being occur in phases?

Today, I will be sharing with The Total Entrepreneurs the four phases of a project. These four phases include the Initiation phase, planning phase, execution or implementation phase and finally the closure or expansion phase.

four phases of a project

Four Phases of a Project

Phase 1: Initiation Phase

This is the starting stage of any project. At this stage, you define the goal of your project, research about the project; check its viability and prospective acceptability. It is at the initiation phase that you conduct feasibility study, seek partners at this stage, contact stakeholders in the industry you are about to venture into.

Finally, you should create an initiation document that outline the purpose of your project and what is required to start.

Phase 2: Planning Phase

The second stage of a project is the planning phase. This phase is key to a successful project. At this stage, you define the scope of the project, source of financing and draw realistic timetable.

To be successful at this phase, you need to work S.M.A.R.T. Your work must be Specific, Measurable, Achievable, Realistic and Timely.

At this phase, it is pertinent that each individual involved with the project knows their roles and responsibilities. And be sure to involve experts for each project category.

  • Share to show love:
    Loading...

    Francis Nwokike

    Francis is a Passionate Social Entrepreneur. Love discussing new trends in Business and Marketing. A Startup consultant. A good listener. Love to help that your business grow.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.