There Will be 5 Phases in any Project. They are as Mentioned Below:
1. Initiation
2. Planning
3. Execution
4. Monitoring and Controlling
5. Closing
After the Phase-1 a Review Should be done to improve the accuracy of estimation of scope,time,cost and Risk about +/- 50% to +/- 10% for management approval before proceeding to Planning Stage
After the Phase-2 a Review Should be done where stakeholders will present the feedback on plan. and after adjustments, plan should be updated to maintain the accuracy in estimation to +/- 10%.
1. Initiation
2. Planning
3. Execution
4. Monitoring and Controlling
5. Closing
After the Phase-2 a Review Should be done where stakeholders will present the feedback on plan. and after adjustments, plan should be updated to maintain the accuracy in estimation to +/- 10%.
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