Answer to Question #291542 in Management for Rashid

Question

Write an article review on project initiation

Answer 1

A Project Review is assessing the status of a project, at a particular point in time. The first time in the project life cycle that a project review is undertaken is at the end of the first project phase known as initiation. During the review, a decision is made as to whether or not the team has met the objectives and is approved to proceed to the next phase, being the "Planning" phase. Performing a project management review at the end of each phase is critical to the success of the project, because it allows the Project Sponsor to control the progress of the project and make sure that it passes through each Project Phase smoothly.

A review of a project on establishing a Children's home, the progress is good so far. The first phase of building the houses is so far done successfully. Despite this successful completion, the expenditure went way above the budgeted amount. The second phase is set to begin next month.