Project Management - Teams, Leadership, & Negotiation [sap5] Essay

Project Management - Teams, Leadership, & Negotiation [sap5] - Essay Example Project teams develop plans required for scheduling activities, estimating costs and making decisions on resources of work to be accomplished. Project teams revise plans of every project phase in its life cycle. These constitute people and other resources needed in executing various plans. It provides services, products and the results of the project. For instance, implementing processes take into account development of project teams, managing and directing project team, carrying out quality assurance, selecting sellers and distributing information. Project progress is measured and monitored so that project teams meet the desired objectives. The staff and project manager determines progress against plans through taking corrective action. This phase includes performance reporting, where stakeholders identify significant changes keeping the project on track. The project is formally accepted and administrative activities such as project files archiving, contracts closure, documenting of lessons learned and receipt of formal acceptance of work delivered and