The executing phase means that your project is underway and that team members are busy building the deliverables the project calls for. You balance executing with controlling, which is the act of making sure that project team members stay on task, on time, and on budget.
These aren't necessarily chronological; the executing and controlling phases intermingle with each other throughout the life of the project. Executing is similar to controlling, in that the project manager is overseeing the project's activity. It differs from controlling in this way: The executing phase speaks to how the project manager coordinates the people and other resources involved, whereas the controlling phase simply notes that the project manager is in charge and authorizes him to get the project going.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.