Once the project planning is done and approved, the next phase would be project execution. This phase of the project includes coordination of resources and people, integrating and doing tasks defined in Planning phase. The vast majority of project budget and the schedule is spent in this phase and the more comprehensive the project management plan is, the smoother the execution process would be.
According to Project Management Institute, the Executing Process Group consists of following elements:
- Direct and Manage Project Execution
- Perform Quality Assurance
- Acquire Project Team
- Develop Project Team
- Manage Project Team
- Distribute Information
- Manage Stakeholder Expectations
- Conduct Procurements
Although the Managing risk and implementing risk responses could be considered in the execution phase, we will cover that in Monitoring and control phase.