This high level overview provided by Mind Tools gives a great outline of what exactly happens within project management during the lifecycle of a project. Project management, of course, is a paramount concern for CIOs, and this article give a good overview of what is important during that process. One of the concerns is the project sponsor relationship, and how to manage risks and issues: You probably have a project board or project sponsor who is responsible for signing off the overall design, but make sure you also get input from other stakeholders as well. This helps build business ownership of the project deliverables. If changes to processes are required, use a Flow Chart or Swim Lane Diagram to create a detailed map of how things will work. At this stage, you must do everything you can to think through and deal with project issues before you start to build project deliverables: problems are almost always easier and cheaper to fix at design stage than they are once the detailed work of implementation has started. The article also gives this helpful tip: if the project is particularly likely to have risks and issues, including a proof-of-concept phase in the project management plan may increase the likelihood that the project will be completed successfully.