Project Define, Plan, Execute, Close Phase

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The flowchart shows the phases of a project.

Back

The four phases of a project are defining, planning, executing, and closing.

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Defining Phase

Back

The defining phase is where the idea is formalized into a project proposal.

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Purpose of the Defining Phase

Back

The project defining phase begins when an idea for a project is identified by a company and is developed into a project proposal.

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Decision Making in the Defining Phase

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The decision on whether the project will be selected for implementation is made during the defining phase.

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A group of business executives rushing towards a target, following a leader with a red flag.

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A group of business executives rushes forward to reach their goal, following their lead who holds a red flag.

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Major project outcomes and deliverables

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Key elements that the project aims to achieve and provide.

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How the project will be completed

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The process and steps involved in finishing the project.

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A high-level estimate of the cost

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An approximate calculation of the financial resources required for the project.

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A high-level estimate of the completion time

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An approximate calculation of the time needed to finish the project.

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The reason that the project should be undertaken

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The justification or purpose for initiating the project.