Concept, Planning and Feasibility

The concept stage of the project is the stage where the project idea is formed. At this stage, the project owner gets an idea of the project objectives, budget, timeline, and resources. The project owner determines the project characteristics and takes the important decisions necessary to achieve the project objectives at the concept stage.

At this stage, the project owner also determines the scope of the project, the work to be done and the characteristics of the project. The project manager, working in collaboration with the project owner, designs and manages the concept phase of the project to achieve the project objectives.

Planning

The planning phase of the project is the planning of all activities necessary to achieve the project objectives set by the project owner. In this phase, the project manager prepares a project management plan for the project. This plan sets the project goals, budget, timeline, and resources.

The project manager also plans all the elements necessary for the successful completion of the project by determining the project scope, risks, stakeholders and communication plan. During the planning phase, the project manager manages the work of the project team and stays in regular contact with the project owner.

Feasibility

The feasibility phase of the project is the phase in which it is determined whether all the resources necessary to achieve the project objectives are available and the feasibility of the activities necessary to achieve the project objectives. At this stage, the project manager identifies the resources needed to achieve the project objectives.

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