What You Need to Know About the 5 Phases of Project Management, small business project management.

Small business project management

Used in projects where rapid and constant change is the norm, such as IT projects, the adaptive life cycle methodology requires project managers to adapt their approach based on customer feedback and changing project management timelines, scope, and assumptions.

A phased approach to project management has noteworthy benefits, including being able to:

The goal is to improve design quality and functionality. A project is incremental if designed, executed, and tested in increments — a little more is added every time — until all requirements have been satisfied.

Once the project is given the go-ahead, the next order of business is to create the project charter, which, when approved, formally authorizes the project manager to continue with project planning. The project charter typically contains the following information:

5 phases of project management

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  • Delivering the project’s final deliverables to the customer.
  • Releasing resources to other projects.
  • Terminating contracts, if you employed contractors on the project.
  • Finalizing project documentation and updating relevant organizational assets.
  • Evaluating team performance.
  • Conducting a post-mortem analysis of the project to highlight its strengths and weaknesses, what went right, what went wrong, and what could have been done better — so the lessons learned can be applied to future projects.
  • Disbanding the project team.

As such, it’s easy to get overwhelmed and drop the ball at any point during the project.

Small business project management

Toggl Plan is a flexible yet straightforward work planning and management tool for small businesses. It comes with project planning, task management, team availability, and workload management features.

With the free plan, Asana limits you to up to 15 users. And, you don’t get access to timeline and workload views.

Trello comes with many extensions called powerups. Powerups add more functionality to your Trello board.

The Plan timeline is great for planning projects. But you can also use it to plan everyday work. Besides, you can track critical dates as color-coded milestones.

Toggl Plan

Small business project management

Paymo makes billing easy too. You can generate invoices and sent them to your clients.

With the free plan, you can manage up to 80 projects. However, each project can have a maximum of 5 team members.

In addition to task management and collaboration, Todoist also has the following features:

Small business project management

For example, you can assign roles such as administrator, team manager, project manager, task manager, collaborator, and guest. Every role comes with default permissions, which can be customized.

While some projects might be running as expected, some might not on the schedule. There is also a possibility that some projects might be of unmatched quality, while others lack on a lot of fronts.

Here are some astounding tips to improve project management for your small business.

How do you identify the roadblocks? How do you know whether teams are making the required effort, investing time, and working diligently towards assigned tasks?

6. Manage Users & Streamline Work

Small business project management

When you are done and dusted with a project, it is essential to analyze whether the project progressed according to your plan.

Check the time spent on each task to understand if your project is on time or behind schedule.

You might have top quality products and services, but all that is futile if your internal processes are broken, employees work in silos, and you have an unsystematic, unstructured approach to getting work done.

Do not forget to put your project under the ‘Quality Check’ process. This is crucial to bring existing gaps, flaws, or poor quality work into the spotlight.

Small business project management

AND.CO also includes a built-in time tracking tool, which means it will take care of the hourly rates and math for you. When it's time to invoice the client, you simply review the time spent and click send.

Wrike Price: The free plan includes unlimited projects and tasks for up to five users; upgrade for $9.80/user/month (billed annually) to the Professional plan that includes Gantt charts and shareable dashboards for five, 10, or 15 users.

The best part for project management is that you can add multiple views, so you can toggle between the spreadsheet and other formats like a Kanban board or calendar. That means you can put all your detailed project data in the records and still view that information in several easy-to-scan formats.

Collaboration for teams and/or clients. Successful projects don't happen in a vortex. All apps that made the list offer some level of in-app collaboration, like built-in chat or file sharing, or a trusted integration with a tool like Slack.

Best project management software for managing projects via email

Small business project management

AND.CO Price: Free for one active client; $18/month for the Pro plan for unlimited active clients and editable contracts.

For more project management apps designed to solve the most complex project management required of developers, take a look at Jira, Aha!, or Taiga.

Yodiz Price: Free for the Starter plan that includes unlimited projects for up to three users; for more than three users, upgrade to the Issue Tracker plan for $3/user/month.

Yodiz isn't as simple as Trello or Asana—it'll take you a bit to get used to the layout and learn everything you can do with the tool. And there is a lot you can do with Yodiz, with dedicated tabs for a to-do list, issue tracker, sprints, releases, epics, backlog, planning board, and flex board. If you get overwhelmed, the To Do tab is a great place to start, offering an overall view of in-progress tasks, open user stories, and open issues on the project, sprint, and release level.

Small business project management

SAP S/4HANA is a cloud-based and on-premise enterprise resource planning (ERP) solution. It is suitable for small, midsize and large businesses in industries such as automotive, engineering, construction, mining, research and deve. Read more

As a result, small businesses often choose cloud-based solutions that are available online, require no upkeep and offer intuitive interfaces with features such as drag-and-drop kanban dashboards.

Research and advisory firm Gartner defines small businesses having under 100 employees and with less than $50 million in annual revenue. However, even within this broad category, the right PM tool for each small business differs based on factors such as actual number of software users, primary business challenges and so on.

Financial Cents is an easy to use practice management solution built for accountant and bookkeepers. Track client work, communicate with your team, store client information, and track your client’s financial performance all in one. Read more

Your Company Size

Small business project management

Small businesses that replace inefficient manual systems with project management software reduce operating costs. Besides lowering costs, these tools help businesses improve employee productivity, resulting in better products and higher revenue.

  • Individual buyers: Individuals can manage projects by using low-cost or even free solutions. Common capabilities include basic task management with the ability to set due dates and reminders. Some software options offer additional functionality such as file sharing for attaching documents to tasks.
  • Best-of-breed buyers: These buyers are looking for software that solves specific challenges. For instance, one small business may be looking for a tool that helps improve team communication between project members working out of different locations. In this case, collaboration tools can be a good choice. On the other hand, small IT teams might be interested in bug tracking software, which is a specialized tool for tracking the time taken to resolve bugs in software.
  • Full-suite buyers: Some small businesses need all of the common PM features, with support for multiple users and additional functionality such as attaching documents to tasks. Full-suite small business PM tools are different from enterprise-grade tools called project portfolio management software, which offer sophisticated functionality such as analytics and resource planning.

Workplace collaboration: Social networking tools have changed how people communicate online. As a result, email has taken a back seat to collaborative tools that offer functionality such as comment threads for tasks, social chat groups, hashtags and ratings. Nearly all small business PM tools offer some level of collaboration, but some focus more closely on social media-like functionality.

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