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In the present world where everyone wants to be a business tycoon, it is very important for an organization to maintain the inflow of works. A business doesn't run on itself. We will need some basic support and quality skills in order to maintain the pace of a firm. What I actually want to convey is that in order to run a particular business we need to have a proper supply of man power, capital and the most important of all good quality projects. The thing is that some good projects only form the basis of modern day business.
Since projects play a very important role in uplifting the overall standard of an organization, therefore it is necessary that the incoming flow of projects should be well managed. In an organization we have different departments like human resources, marketing and finance department to focus on a particular issue. In the same manner we have project management department to look after the management of incoming projects. In this article, I am going to underline the different approach that helps in managing the projects more efficiently. The different phases of a project can be initialization of the project, planning and designing of the project, construction of the project and completion of the project. In the next few lines I am going to elaborate the above mentioned phases.
There are many more important phases of project management. I have tried to include the most important phases that matters a lot while managing a project.
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