PMM Execution Phase

Project execution begins after the project management plan is approved by the project sponsors. The execution phase essentially involves carrying out and managing all the activities described in the project management plan.

The first step in project execution is to establish a baseline for the project management plan. A baseline is the approved version of the plan that can be changed only through the documented change management process. Most projects involve changes, which often require re-planning and re-baselining. It is not unusual for changes to occur in resource productivity and availability, expected activity durations, and unanticipated risks. These changes may in turn require changes in the project schedule and project budget. The enterprise PPM tool supports the change request and approval process.

Although monitoring and controlling is depicted as a distinct phase in the project management methodology, it actually spans all phases of the project. However, the majority of the monitoring and controlling effort is during the execution phase. Project managers monitor and control all phases of a project, with execution probably receiving the closest scrutiny. For example, project status reporting not only provides information on execution of project activities but also is a component of the communication and stakeholder management plans.