Fazertec
DEVELOPMENT & QUALITY WORK

  • Specialists in specially designed machines
  • Project management - coordination of subcontractors
  • CAM software for fast programming
  • General fabrication - MIG, TIG, Oxy Precise tolerances

One common objective for the project manager and project team is to complete the project's work in order to achieve the project's goals. Every project has a start, a midpoint where work is done to bring it towards completion, and an end (either successful or unsuccessful). The four main phases of a typical project are often described as follows (each with its own set of tasks and concerns): commencement, planning, implementation, and closing. When combined, these stages show the path a project takes from start to finish and are known as the "life cycle" of a project.

Initiation Phase

The project objective or requirement, which may be a commercial opportunity or problem, is discovered during the first of three phases, the beginning phase. A business case with suggested solution alternatives documents an appropriate response to the demand. To assess whether each option meets the project aim, a feasibility study is carried out, after which a preferred solution is chosen. We address the questions of rationale and practicality ("Can we accomplish the project?" and "Should we execute the project?").

When the suggested solution is accepted, a project is started to provide it, and a project manager is chosen. The project team starts to take shape as the key deliverables and participating work groups are determined. Following that, the project manager asks for approval.

Planning Phase

The project solution is further developed in as much depth as possible during the following phase, known as planning, and the procedures required to achieve the project's goal are planned. The team identifies all of the work that needs to be done in this step. The tasks and resources needed for the project are specified, together with a plan for completing them. Also known as "scope management," this is. The activities, tasks, dependencies, and timeframes are listed in a project plan. In order to coordinate the creation of a project budget, the project manager provides cost estimates for labour, equipment, and materials. During the course of a project's implementation, the budget is utilised to monitor and regulate cost expenditures.

The three essential elements of the planning process are finished once the project team has identified the work, created the timetable, and assessed the expenses. Now is a great moment to find any potential threats to the project's successful completion and strive to address them. We refer to this as risk management. In risk management, "high-threat" possible problems are identified together with the necessary course of action, either to lessen the likelihood of the problem occurring or to lessen its impact on the project if it does. Moreover, this is a good opportunity to identify key project stakeholders and create a communication plan outlining the data required and the intended mode of delivery.

Implementation Phase

The project plan is put into action and the work of the project is carried out during the third phase, which is known as the implementation phase. Keeping a tight grip on things and communicating when necessary is crucial during implementation. Continuously tracking progress allows for appropriate adjustments to be made and deviations from the original plan to be documented. This step takes up the majority of a project manager's time. Tasks are being carried out during project implementation, and updates on progress are shared at frequent team meetings. By comparing the status reports with the project plan to gauge how well the project activities are doing, the project manager can use this information to keep control of the project's direction and take necessary corrective action.

The intended endpoint in terms of cost, schedule, and product quality should constantly be emphasized in status updates. Every project deliverable should be examined for quality and compared to the accepted standards. The project is ready for closing once all deliverables have been completed and the customer has approved the final solution.