Executing
Executing is the process of working through the project plan. This involves putting your project plan into action. The project plan serves as a guide to help ensure that the deliverables — the intended goals of the project — will be completed properly, on time, and within the budget.
As work is being executed, you should strive to:
Use your budget and resources as planned.
Manage the risks you identified.
Stay focused only on the work you described in your project’s scope.
Meet your milestones.
Document your progress in an organized way.
Communicate your project’s progress regularly and effectively to your stakeholders.
By checking on your progress, evaluating whether project goals are being achieved in the best possible way and being prepared to adjust their path if necessary, you are engaged in the monitoring/controlling process.
KEY TERMS:
Communications management: A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated
Executing process: Those processes performed to complete the work defined in the project management plan to satisfy the project requirements.
Monitoring/controlling: The processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes.
Risk: An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.
Scope creep: The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.