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Abragan, Aizel

Cabanlit, Rhea

Labandero, Jannah

Mabayo, Christine

1. Project management is the process by which projects are defined, planned, monitored, controlled and delivered such that the agreed benefits are realized. Projects are unique, transient endeavors undertaken to achieve a desired outcome. Projects bring about change and project management is recognised as the most efficient way of managing such change.

apm.org.uk/Definitions.asp. Project Management .Retrieved 23 November 2009.

2. Typical development phases of a project

• Project initiation stage

• Project planning or design stage

• Project execution or production stage

• Project monitoring and controlling systems

• Project completion stage

Wapedia.mobi. Project Management Phases. Retrieved 23 November 2009.

3. Information systems are the means by which people and organizations, utilizing technologies, gather, process, store, use and disseminate information. It uses all the five phases of project management namely, Initiation, Planning, Execution and controlling, Closure.

Wapedia.mobi.Information System.Retrieved 23 November 2009.

4. Advantages

Project initiation stage

• Use to analyze the business needs/requirements in measurable goals

• Use in reviewing of the current operations

• To make conceptual design of the operation of the final product

• To use as an equipment and contracting requirements including an assessment of long lead time items

• Use to analyze the financial costs and benefits including a budget

• Use in stakeholder analysis, including users, and support personnel for the project

• Use in making project charter including costs, tasks, deliverables, and schedule

Project planning or design stage

• Satisfies the project sponsor, end user, and business requirements

• Help produce acceptable quality standards

• Help produce time and budget constraints

Project execution or production stage

• Used to complete the work defined in the project management plan to accomplish the project's requirements

• Coordinates people and resources, as well as integrating and performing the activities of the project in accordance with the project management plan

• Produce as outputs from the processes performed as defined in the project management plan.

Project monitoring and controlling systems

• Measures the ongoing project activities (where we are);

• Monitors the project variables (cost, effort, scope, etc.) against the project management plan and the project performance baseline (where we should be);

• Identify corrective actions to address issues and risks properly (How can we get on track again);

• Influencing the factors that could circumvent integrated change control so only approved changes are implemented

• Continuing support of end users

• Correction of errors

• Updates of the software over time

Project completion stage

• Finalize all activities across all of the process groups to formally close the project or a project phase

• Complete and settle each contract (including the resolution of any open items) and close each contract applicable to the project or project phase

• To align development with the organization’s broader objectives

Wapedia.mobi. Project Management Phases. Retrieved 23 November 2009.

REFERENCES:

1. http://www.Wapedia.mobi.Information System.Retrieved 23 November 2009.

2. http://www.Wapedia.mobi. Project Management Phases. Retrieved 23 November 2009.