What are the 4 pillars of project management?
The 4 Pillars of Project Management are the Foundation, the Planning, the Executing, and the Controlling.
The Foundation is where all project management starts. The primary task of the Foundation is to set up a good relationship with the customer.
The Planning phase is when you create a detailed plan for how to execute your project. It’s important to have a plan that details how you will meet your goals.
The Executing phase is when you actually do all the tasks that you planned.
Finally, the Controlling phase is when you monitor your project’s progress and make changes if needed.
Continue reading to know more.
Project Management 4 Pillars
Foundation
No doubt, the foundation is the key to the success of any project. It is the root of any project. A good foundation must be laid before you start your project.
A good foundation helps in the smooth running of the project and gives scope for enhancement.
Planning
Planning is the process of identifying and documenting the tasks necessary to achieve specific goals.
It also includes identifying resources required to execute those tasks and creating schedules, budgets, and other tools. These will help the team to monitor and control its progress.
Executing
Executing is to convert the plans into reality by performing the project activities. All of these are in accordance with their schedule, cost, quality, resources, and other constraints.
The executing phase involves getting the work done by everyone involved in the project from top-level managers to front-line workers. The executing phase is where most projects fail in achieving their goals.
Controlling
Controlling is about monitoring and measuring progress against performance standards and managing changes.
The controlling phase involves monitoring progress with respect to time, cost, quality, etc., comparing actual results with planned results for each task.
Then, it determines variances which identify areas for improvement or alert management. Especially if there are problems that need immediate attention, taking corrective action when needed, and updating plans when required to improve future performance.
Strategies to Build Your 4 Pillars of Project Management
A few strategies to build your 4 pillars of Project Management are:
Build a good foundation
You can build a good foundation by establishing a good relationship with the customer. This is the most important part of your project management.
That is because if you don’t have a good relationship with your client, you can’t do anything else.
Set up a detailed plan to achieve your goals
The planning phase is the most important phase of your project. It lays out how to achieve the set goals by specifying each task and how to do it.
To be more specific, plan each step of each task carefully. Then, link them together logically to show the sequence in which they must be executed.
Do the tasks as planned by you in the right way and right time
It is very important to do your tasks as planned by you. The main reason behind this is that you can’t improve something that doesn’t exist.
You can also do the task earlier if you have time, but not later than the scheduled time.
Monitor and control the progress of your project.
During the controlling phase, you have to monitor and control the progress of your project regularly. This phase is very important and it takes much of your time.