Project objectives and stages - part 3

In this lesson

1. 0:00 Project development stage overview
2. 0:24 Creating a comprehensive project management plan
3. 1:01 Essential components of project plans
4. 2:36 Implementation phase and key focus areas
5. 3:56 Problem solving and decision making role
6. 4:42 Project completion and sign-off process
7. 6:29 Comparing project lifecycle models

About this lesson

You'll learn what a project management plan contains, how to structure and execute it effectively, and why each component matters during project delivery. This builds directly on part 2 and prepares you for understanding different project methodologies like Prince2, PMI, and Maller's framework. The development stage focuses on creating a comprehensive project management plan that outlines how your project will be structured, monitored and executed. You'll discover the key components you need to address: project title, manager, purpose, deliverables, methodology, assumptions, resources, approach, acceptance criteria, change management and communication protocols. This plan becomes your reference tool for both implementation and control, ensuring the project stays aligned with its original objectives. During implementation, the project manager must balance four critical areas: leadership of the project team, supply chain management to handle new demands on suppliers, control to maintain quality, cost and time parameters, and problem-solving to address unforeseen circumstances. The completion stage involves signing off on deliverables, settling accounts with suppliers, transferring responsibility where relevant, documenting everything properly, and conducting a post-completion audit to capture lessons learned for future projects. Finally, you'll see how different project management models—the project lifecycle, Maller's four Ds, and PMI's framework—use different terminology but follow essentially the same logic and sequence. Understanding these overlaps and distinctions will help you recognise and apply project management concepts across different frameworks and exam contexts.

Duration: 9m