5 steps of Project Management

4 min read | Updated on Nov 1, 2022

As per the PMBOK Guide (Project Management Body of Knowledge) by the Project Management Institute (PMI), a project management life cycle consists of 5 stages. Working in a more organized manner usually results in better results. Therefore, dividing your project into the following phases can benefit everyone and improve the probability of achieving your desired goals.

Project Initiation

At this point, you should identify the need for the project and the problem it will solve and the significant benefits and goals you want to achieve. Again, this will aid in the development of a business case.

Create a document to outline all aspects of the project. Evaluate constraints, risks, budget and timeline associated with the project. Make a list of stakeholders and build a team with specific skills.

Project Planning

Defining the goals and dividing them into smaller objectives is the first step toward planning. For a clear direction, you can choose from any of the following goal-setting methodologies.

SMART goals – Smart is an acronym for Specific, Measurable, Achievable, Realistic and Time-bound goals. It will help to identify the path required for hitting the bull’s eye.

For example, a general goal can be “I want to grow sales of my book,” whereas a SMART goal would be “I want to increase sales of my book by 25% in the next quarter by targeting working professionals.”

CLEAR goals – Clear is an acronym for Collaborative, Limited, Emotional, Appreciable and Refinable. These are like SMART goals but more oriented toward employees and team motivation.

To reduce the time required for completing a project, you can use any of the following methodologies for project planning:

Agile Project Management
Lean Project Management
Scrum
Waterfall
Kanban

Project Execution and Implementation

The ability to execute and implement a project efficiently matters a lot. While managing a project, all teams and individuals should stay connected and collaborate to finish tasks on time. Design suitable workflows to tackle all the situations arising during the project. Automating workflows can help in increasing efficiency and streamline tasks.

Project Monitoring and Controlling

Quantifying performance can take time and effort. Clearly define your key performance indicators (KPIs) to measure achievements precisely. It also helps in identifying delays and the reasons behind those delays. Analyzing the contributions made by team members is also crucial.

Project Closure

There are many tasks associated with the closure of the project. A project can be closed after completion or due to various other reasons. In either case, you must analyze the causes of success or failure, close all contracts and make necessary payments, analyze the scope of improvement, and prepare budget reports.

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No Code Development

Overview of
No-Code Development

In the era of cloud computing, every organization relies heavily on business applications. These business apps are required to manage data and automate business processes, resulting in higher effectiveness and efficiency. No Code development can take a business's productivity to another level at a lower cost.

Low Code/No Code technology has given the power of app development to the hands of individuals who used to rely on developers for creating applications. However, in modern days managers are building apps on their own using business-friendly codeless platforms

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5 Major Benefits

5 major benefits of no-code app development:

Accessibility

App development was usually associated with IT professionals. In the past, non-technical individuals communicated their requirements to the software developers and had no knowledge of building apps which was acting as a barrier.

No Code platforms have broken the wall between technical and no technical professionals and everyone can build apps quickly. With Codeless ONE, business applications can be made in just a few minutes, without coding.

Time to Market

No Code platforms have bridged the space between a concept and practical application. Users can design, launch and scale apps within hours, which helps them save the most valuable asset, i.e. time.

To further speed up the app-building process, Codeless ONE offers a rich selection of pre-built solutions that are ready to use and can be customized easily as per requirement.

Cost Effective

Getting apps developed by professional programmers can make a dent in the pockets of business owners.

The lack of availability of software developers has added to the challenge and resulted in a significant increase in the cost. Hence organizations are finding no code more cost-effective as it can be used by non-programmers.

Flexibility

The ability to customize applications as per requirement independently adds to the list of reasons for using no code.

All platforms provide a different level of flexibility, however, apps built in Codeless ONE can be customized easily using simple and fast business logic. There is no need for coding or advanced technical skills.

Transparency

Building an app using codeless technology aids in better collaboration amongst teams.

This reduces the communication gap, and team members belonging to different technical and non-tech verticals can come along to develop an app that aligns with the goal of the entire organization rather than just one vertical.

Super app from Codeless ONE enhances transparency and collaboration.

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The Road Ahead

The Road Ahead:

In early 2021, Gartner released a new forecast for low-code/no-code development tools. It says that “on average, 41% of employees outside of IT – or business technologists – customize or build data or technology solutions. Gartner predicts that half of all new low-code clients will come from business buyers that are outside the IT organization by year-end 2025”

A vast majority of companies have already switched to no code/low code, and the following factors are fueling the growth of this technology:

Scarcity of Developers

Scarcity of developers

Considering the growing demand for software and apps around the globe, the supply-demand gap has been widening and will get wider in the coming years. As a result, organizations are already working on training and hiring citizen developers to meet the demands of the future.

Demand for Automation

More and more businesses are automating their tasks because of its benefits like enhanced user experience and faster decision-making. Organizations are aiming to amplify automation and hyper-automation, which is impossible without citizen developers. Optimizing and automating workflows ensures consistency.

Who can use no-code?

No Code technology makes the process of business automation and app development effortless. It can be used by any professional across different industries and functions.

These non-technical users who use no code technology for app making are commonly known as citizen developers. This is because citizen developers are the ones who have a better understanding of the end goal, as they are involved in the day-to-day activity. Furthermore, as citizen developers are the end users, they can customize apps as per their needs.

Enterprises are encouraging functional heads and business managers to develop software on their own using no-code platforms. Codeless ONE makes the app development process much easier.

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