The Project Execution Phase is usually the longest phase in the project management life cycle and consumes the most energy and resources. It is pretty evident by now as to how crucial it is to ensure your plans are realized with clinical precision and none to minimal deviation
To enable you to monitor and control the project during this phase, you will need to implement a range of project management processes. These processes help you to manage time, cost, quality, change, risks and issues. They also help you to manage procurement, customer acceptance and communications.
The primary objective of Execution and Control is to construct deliverables as per the master project plan and consistently evaluate the processes and plans involved to deliver the output as per the agreed specifications.
It is all about action and direction!
The Execution Phase will broadly involve the following actions. The priority or sequence is entirely dependent on the nature of the project and organizational practices and preferences. But nevertheless, they are performed to enable successful project execution.
- Execute Project Scope.
- Recommend changes, bug fixes, preventive and corrective actions coming from Planning, Executing and Monitoring and Controlling process groups.
- Timely Communication with all stakeholders.
- Implemented approved changes to the processes, documentation and plans.
- Team Building
- Give recognition and rewards to team members and keep them motivated.
- Hold Status Review meetings to ensure project is on track and any deviations are attended to at the earliest.