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Traditional P M Approaches

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TRADITIONAL PROCESS IN PROJECT MANAGEMENT
This is the classical and most used methodology, based on a straightforward problem solving strategy: problem definition, solution planning, solution implementation, and solution evaluation. This Traditional Approach consists of 5 stages: Project Initiation, Project Planning, Project Execution, Project Control and Project Closure.
Although boundaries between some stages and stage components aren’t completely clear, it’s extremely important to see these stages as fundamental parts that will progressively contribute to your project documentation, completion, and to clearly communicate what has to be done.
• PROJECT INITIATION
Project Initiation includes several tasks that will affect the whole project and its final outcome. This stage should be carried out through close interaction with the project owner in order to clearly define the scope and boundaries.
Main components of this stage are:
 PROJECT OWNER AND STAKEHOLDERS DEFINITION
Extremely important, to define who will be the Owner of the project is crucial to avoid failure. Very often the Project Owner will be one of those Stakeholders.
 SCOPE AND BOUNDARIES
The Scope is one of the crucial documents the Project Manager needs to get approved by people involved in the project, the Stakeholders.
 ENVIRONMENT
Depending on what kind of project they’re working on, the project team needs to understand the environment where the project will be developed and its potential relationships with other components.

• PROJECT PLANNING
In this stage the Project Manager uses all the information gathered in the first phase to define how resources will be used and for how long. They must consider the amount of work to be done, how many working units are available to accomplish that work, and write down and book any equipment and resource needed. All this information must

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