A Project is a temporary endeavor with a definitive beginning and an end. Project Management is the application of knowledge, tools and techniques to project activities to meet the project requirements. Each project must go through the following phases – Initiating Planning Executing Monitoring and Controlling Closing 1. The Initiating Phase The Initiating Phase involves creation and formal approval of the Project Charter. All project stakeholders are identified in this phase. High-level risks, assumptions and constraints are identified and documented in the Project Charter. 2. The Planning Phase The Planning Phase involves creation of the detailed Project Management Plan. … Read More