In 3. Executing – The execution stage is when

In this report I will be discussing and evaluating the uses
of different project management methodologies such as RAD, WATERFALL and
Agile.                                                                                                                    
                                 Typical IT projects can
include, software application development, installing IT systems and networks
and information collection and analysis. A project can be defined has having a
beginning and an end point in time, with having a distinct range of work to be
completed for a given benefit.

The project lifecycle has five main stages in which all the
methodologies are based upon, the structure in which these are implemented are
different with each different methodology. The five stages are

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1.      
Initiation – In this stage the project aims and
objectives are outlined with the requirements, each requirement is full
justified. The first stage includes creation of a business contract and
presenting the business phase.

2.      
Planning – This stage sets out a more detailed
plan on how the project will be run, determining resource availability,
creating a budget and beginning to allocate different tasks to different
resources. 

3.      
Executing – The execution stage is when the
actual work of the project is performed, required materials, tools and
resources are used to reach the project goal. In addition to this the
performance is continuously measured to ensure the project is successful.

4.      
Monitoring and controlling – To monitor and
control the project in accordance with the initiation and planning documents.

5.      
Closing – Once the project is complete, it can
be formally closed down and a review held to learn from both the successes and
the mistakes made during the project. 

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