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Seminar paper from the year 2011 in the subject Business economics - Economic Policy, grade: 1,3, Stralsund University of Applied Sciences, language: English, abstract: Project Management has different phases in order to supervise, plan and navigate the project throughout the whole project life cycle. The goal of project management is the successful closing by supervising, planning and navigating the project despite all risks.The following five steps will be explained throughout this project management manual:InitiatingPlanningExecutingControllingClosing