Project Management is basically divided into five parts
- Requirements analysis
- Engineering and Design
- Development or Construction
- Maintenance or Post Development System (or Software)
Requirements analysis begins the process by defining
the requirements and specifications, first in coarse terms, followed by increasingly refined terms, until a clear concept
of operation and design can emerge. It is critical to the remaining steps that this step be complete and not changed, because
the cost to make changes to the requirements is exponential as one moves from step to step.
The basic design, conceptualization and Engineering
comes under the category of Engineering Works.
Procurement is the purchase of raw material like Brought
Outs, Materials, Tools and Tackles, etc required for the project.
Construction includes implementation, installation
or construction project including testing.