1. Business Analysis: It sets the stage by identifying evolving business needs and strategic goals. The process is a key to the desired execution of projects, ensuring that the project delivery aligns with the intended business objectives. 
  2. Resource Planning: It involves the efficient allocation and management of resources to ensure that the end product is delivered on time, and within budget. The process requires extensive analysis of all project factors and continuous monitoring as needed throughout the product’s lifecycle.
  3. Scope Statement: Creating a project’s scope statement is to define the project’s boundaries, objectives, deliverables, and constraints. A well-crafted scope statement helps ensure that all stakeholders have a clear understanding of the project’s purpose and what it entails.
  4. Collaborative Scope Mapping: The statement should be reviewed and approved by all relevant stakeholders to ensure alignment and commitment to the project’s objectives and boundaries. The scope statement serves as a foundational document throughout the project’s lifecycle, helping to guide decision-making, manage expectations, and prevent scope changes that can lead to project delays and budget overruns.