The right mix of planning, monitoring, and control can make the difference in completing a project on time, on budget, and with high quality results. The basic elements of the framework are five key phases during the life-cycle of a project.
There is a tendency for projects to short-change the planning process, with an emphasis on jumping right in and beginning the work. This is a mistake. The time spent properly planning the project will result in reduced cost and duration and increased quality over the life of the project.