Phase model for investment projects
A phase model for investment projects is used for orientation when planning and implementing an investment project.
Individual phases
After a project idea is available, the project goes through the following phases according to the model:
- Preliminary study
- Conception
- Detail definition
- Development and construction
- Awarding and creation
- Acceptance and handover (including rectification of defects), documentation and warranty
By dividing the project into phases, you can control the respective project section at the end of a phase. The schematic layout shown only applies to the ideal case. In most cases you have to go back to the development phase because problems have arisen. The fact that difficulties can arise must be taken into account in the planning . Constantly taking a step back into the previous phase would no longer make the project more manageable and complex.
The project management not only has the task of precisely defining the phases, but "also providing the framework for a limited return option or a correspondingly defined overlap of project phases in the sense of fulfilling the project objectives".
literature
- Peter Greiner, Peter E. Meyer, Karlhans Stark: Construction Management - Project Management . 4th edition. Wiesbaden 2009.