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What is the difference between project monitoring and project evaluation?

Answer»

Knowledge Area:Project Integration Management

As a PM, I need to understand the OBJECTIVES and the goals of the project CLEARLY. I need to establish a formal UNDERSTANDING with my sponsor and other key stakeholders about the project needs to be fulfilled, objectives and final goals to be achieved. I will SEEK formal authorization for starting the NEW project. I also need to start identifying all the stakeholders of the project, both within our organization and also from the client side.

Two documents namely project charter and stakeholder register are prepared during project initiation.

  1. Project charter is initiated by the sponsor to officially appoint the PM and also to establish the agreed project objectives and goals.
  2. Stakeholder register is prepared to capture the detailed list of all project stakeholders, with all relevant information about the stakeholders.


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