Project management process with circle

What is Project management process with circle? The below diagram explains Project management process with circle. This chart shows an important concept or a framework to help one run their business, improve company's strategy, internal processs, enhance project management, technology, and client experience.

Project management process with circle

Phases of Project Management Life cycle. Here are the five life cycle phases of project management: Initiation. Planning. Execution. Monitoring and Controlling. Closure.

Project Cycle Management “ A Quick Guide By Peter Landau | Jul 3, 2018 Project cycle management (PCM) is a project management approach that addresses the complexities of a project through all of its phases, while maintaining alignment with the strategy and objectives agreed upon by stakeholders at the onset.

Project managers and concerned teams check the feasibility of implementing the project in terms of profits, cost, timeline, resources, etc. Once the project has passed this feasibility test, it is proposed for approval from the leadership team of the company/business unit. During approval, SOW for the project is signed, and the budget is allocated.

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