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Project Execution is an Engaging Journey
This phase is often broken into two: one for initiation and one for planning. The former entails budget outlines, the timeline needed for project delivery, as well as the overall goal of the project.
The execution phase is the real start of the project’s implementation. Strict budget management comes into play here, as the project has left the planning phase and is now in full swing.
This third stage often overlaps with the second stage. Specifically, project monitoring and control involves managers making sure that task deadlines are met and costs are within the allocated budgets.
No matter how many phases there are in a project, the closing stage is always the last. The phase involves two elements.
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