American Society for Management, Inc.'s project management model consists of four phases:

Phase I - Project Identification
Strategic analysis of the organization (clients, technology, expertise)
Identification of problem to solve/opportunity
Identification of possible solutions (options)
Prioritization of solutions/options
Selection of option (project)

Phase II - Project Design
Project Identification

a) Definition of preliminary logical framework
b) Performance of pre-feasibility studies (market, technical, financial, environmental, political, legal, social)

Project Approval

a) Revision of logical framework
b) Performance of feasibility studies
c) Development of a Risk Management Plan

Decision and approval

Phase III - Project Implementation
Development of the Project Implementation Plan, which consists of the following:

a) Work Breakdown Structure (WBS)
b) Project Scheduling (including major milestones)
c) Responsibility assignment matrix
d) Budget
e) Resource allocation plan
f) Project monitoring and control plan
g) Quality management plan
h) Risk management plan
i) Project organizational chart

Management of contracts and procurements
Management of human resources
Production of deliverables

Phase IV - Project Closure and Evaluation
Decommitment of resources (human, financial, and physical)
Project evaluation (from logical framework, clients, similar projects) including the evaluation of:

a) Human resources (understanding, motivation, number, background, relationship, and capital)
b) Material (quantity, quality, delays, maintenance, and stocks)
c) Financial (quantity, information systems, and processes)
d) Efficiency (scheduling, capital resources, other resources, methodology and selected approach)
e) Effectiveness (level of success, quality, critical conditions, and constraints)
f) Impact (regarding mission, long term impact, and side effects)
g) Management (planning, control, structure, and frequency)