Strategy Execution Playbook

Introduction

Strategy Execution Playbook

Box0.4: Project Management Life Cycle

About

Merits

The Project Management Institute (PMI) [49] breaks down project management into five stages:

• Takes a generally accepted standardized approach to project management. • Helps teams progress.

When to Apply

•

Throughout the life of the project.

• Stages 1 and 2 are typically used to manage the EXPLORE phase of your strategic initiative execution. • Stage 2 supports the team during the DEVELOP phase. • Stages 3, 4 and 5 help you effectively manage the project during the DO and EMBED phases.

Tools to Use

•

RACI chart (see Annex C.18, p. 452)

•

Gantt chart

•

Flash report (see Annex C.14, p. 444)

Project Conception & Initiation 1

Project Definition & Planning 2

Project Launch or Execution 3

Project Performance & Control 4

Project Project Close 5

•

Risk log (see Annex C.13, p. 442)

Source: PMI. The Project Management Institute ( https://www.pmi.org/ )

Figure 0.5: Project Management Steps

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