The Project Requirements Document (PRD) is a fundamental document created during the Assessment and Initial Planning stage. It details the project scope, objectives, deadlines, and required resources. This document serves as a “bible” for the project team and all stakeholders, ensuring that everyone has a clear understanding of what is expected.

Key Performance Indicators (KPIs) are metrics used to assess the success and effectiveness of various aspects of a project. They are vital in the Execution and Monitoring stage to ensure that the project aligns with established goals and to identify areas that may require adjustments.

If any deliverable fails to meet quality standards or the specified requirements outlined in the PRD, it will be reviewed and corrected in the Delivery and Closure stage. The goal is to ensure that the client receives a product or service that meets or exceeds expectations.

Performance evaluation is a comprehensive review conducted after the project’s completion to determine what worked well and what could be improved in future projects. This includes a review of KPIs, client feedback, and an internal analysis of the effectiveness of the implemented strategies.