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...Project management the future challenges martin c argimon p o box sandton johannesburg tel pr arch fax reg school of construction economics wits university process there are a number approaches to managing activities regardless methodology employed careful consideration must be given overall objectives timeline and cost as well roles responsibilities all participants stakeholders traditional approach phased identifies sequence steps completed in five developmental components can distinguished four stages plus control typical development phases initiation planning design execution monitoring controlling systems completion not projects will have every stage some do follow structured or go through same multiple times many industries use variations these for example when working on brick mortar typically progress like pre conceptual schematic drawings contract documents administration software this is often known waterfall model i e one series tasks after another linear works small defined...