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According to the PMBOK (Project Management Body of Knowledge) by Project Management Institute , phases of software project management are categorized into five distinct phases. ProjectInitiation . It is the first phase of Project Management. Project Execution. Future of Project Management.
Budgets: How much is needed to achieve a successful project? For larger projects, a project charter or “ProjectInitiation Documentation” (PID) might be established. Planning During this phase, key milestones and dates are set, including the final project completion date.
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