Whether a project is large or small, the process for its completion can be divided into 4 stages. They are:
- Inception – This initial phase has two aspects; the first aspect being the identification of the “why” of the project. This definition will detail why the project should be undertaken and why it will be successful. The second aspect is the “how” of the project which defines the road to completion and whether the project is economically feasible.
- Planning – This stage takes into account everything that will go into the project to ensure its success, from sourcing suppliers to maximizing tax benefits. To ensure the project’s success, this stage must be as detailed and comprehensive as possible.
- Implementation of the plan – This is where the planning stage comes to life as the development of the project is initiated. The success of this stage will directly correlate with the quality put forth in the planning stage. The efficiency in staying on schedule, staying on budget, dealing with contingencies, and being able to seamlessly move through the progression of the project’s benchmarks to completion will be a direct result of the planning which took place long before the implementation of the plan.
- Testing and review of the finished project – Project management does not stop at completion. The best project managers will always test and review project results to determine where further efficiencies can be gained and problems can be eliminated even after the project is operational.
Dmitrij Harder and Solvo Group have the experience across a vast spectrum of industries to bring your project to fruition in the most efficient and cost effective manner possible.