General steps for project management according to ISO 21500.

By Global Trust Association

08 July, 2019 | 17:07hrs

Every project follows a life cycle during which various activities are developed to deliver a result that may be a product or service. In this sense, it is necessary to implement a project management that develops the necessary processes to organize and manage resources and other aspects in order to ensure that these results are achieved according to different conditions such as time, scope, costs, quality, risks, resources and satisfaction or benefits expected by the customer or the company.

The first big step is the beginning of the project, which must be formalized, generally, through a Project Charter that serves to identify and define the responsibilities and authorities required for project management, as well as to identify the business needs, objectives, expected results, and the economic aspects of the project. It is also important to identify the stakeholders to ensure that we will consider everyone involved, including their needs and expectations.

The second step is planning, which focuses on developing a detailed approach aimed at managing every aspect of the project, as well as establishing the baselines for implementation and measuring performance.

The third step focuses on performing project management activities and supporting the creation of project deliverables, based on the project plan, which resulted from the previous step.

The fourth step focuses on monitoring and controlling project performance, based on planning and baselines to determine deviations, take preventive or corrective actions, and set out the change requirements needed to get the project on track.

Finally, the fifth step focuses on determining if the project has completed the work, generated the intended outcome, and then documenting the lessons learned for further consideration as appropriate.

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