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This Concept Map, created with IHMC CmapTools, has information related to: ITProjectMethodology, Five Phases Phase One Conceptualize & Initialize Most important step, Phase Two Develop Project Charter & Detailed Project Plan Project Plan Helps after a project has been approved for funding, Phase Four Close Project Final cost can be determined Phase Five Evaluate Project Success, Phase Two Develop Project Charter & Detailed Project Plan Project Charter Defines how project will be organized & how alternative was implemented, Helps after a project has been approved for funding Advantages - Time & effort must be developed -Project chater and plan are products of tactical planning, Four focus Areas Two Review project manager & individual team members, Phase Three Execute & Control the Project Phase Four Close Project Final cost can be determined, Phase Two Develop Project Charter & Detailed Project Plan Phase Three Execute & Control the Project, Four focus Areas Four Review project has provided value to the organization, Phase One Conceptualize & Initialize Most important step Phase Two Develop Project Charter & Detailed Project Plan, Phase Five Evaluate Project Success Includes Four focus Areas, IT Project Methodology Includes Five Phases, Four focus Areas Three 3rd party review of project, Phase Five Evaluate Project Success Five Phases, Four focus Areas One Final Review