A project life cycle “measures the work that goes into a project from” the start of the project to the end of the project (Taylor, 2016, para. 3). There are four phases of the project life cycle, and those phases are initiation, planning, implementation, and closure. The initiation phase of the project life cycle involves creating goals and business cases, once that is done, resources can be assigned. The planning phase of the project life cycle consists of solutions being researched in order to reach the goals of the project and to create a timeline as well as a plan so that the project can be completed. During the implementation phase of the project life cycle, all the steps of the project plan are followed and are adjusted as needed. The …show more content…
The life span of a project is formed through a “number of different phases” (p. 4). Through research it has been found that the objectives of constructing and recording the project life cycle process of a project consist of: 1. Enabling all the people that are concerned with constructing, implementing projects and planning is that they understand the process of the project, which needs to be followed through the life of the project entirely (Archibald, Filippo, & Filippo, n.d.). 2. Capturing and recording the good experiences within the business, so that the processes in all the project phases can be improved constantly and be applied on upcoming projects that are similar (Archibald, Filippo, & Filippo, …show more content…
These four phases have tasks, which are needed to complete the project life cycle. According to Rodrigo (2012), the initiation stage involves developing, undertaking, establishing, appointing, setting up and performing. The planning stage consists of creating a project, resources, financial, quality, risk, and communication plan. Implementing involves building deliverables, monitoring and controlling and the closure stage is performing the project closure and reviewing the project completion (p. 2). Project life cycle assists businesses in delivering projects effectively on a consistent
The initiation phase of a project is not complete without a clearly defined goal and realistic, measurable objectives that describe the business benefits which are expected to be delivered upon completion of a project (Laureate Educatio...
Design, implement and coordinate complex projects that deliver effective business unit outcomes and meet client service delivery needs by using project management methodologies to ensure consistent quality outcomes.
The case is made that while previous research recognizes that projects can both be complex and be conducted in a complex environment, however the research is disjointed because there is not a common taxonomy.... ... middle of paper ... ... Now, let's make it really complex (complicated): A systematic review of the complexities of projects.
Business requirements are gathered in this stage. This stage is the main focus of the project managers and stake holders. It is performed by the senior members of the team with inputs from the customer, the sales department, market surveys and domain experts in the industry. This information is then used to plan the main project approach and to conduct product feasibility study in the economical, operational and technical areas. You identify needs of the software. This is the vital stage, because bad investigation may lead to the project
Large and small businesses, governments, and schools strive to build the next new gadget, manage resources more efficiently, and teach or train in more creative ways. If they set out blindly on a task without proper oversight and thought about the process, then surely the result would be a dismal failure. Project management enables these entities, and various others, to carefully consider the many variables before, during, and after the project actually takes place. Project management refers to the careful planning, organization, and management through a single one-time activity. Projects are non-routine tasks that are set out to be accomplished for a specific amount of time (Trelles-Duckett & Lonergan , n.d.). Projects have an absolute
show off the aesthetics as well as create a certain culture of the company. (How to Use
...arations needed during implementation of the project while the final phase is meant for overall evaluation.
This process is aimed at ensuring the project being pursued has a potential of delivering by adhering to the allocated time, sticking to the budget and very important, meeting customers specifications (Mott McDonald, 2002). It involves assessing the projects at critical stages (also referred to as gates) in its lifecycle and thus assuring it can advance to the next stage successfully. This function is performed by an independent experienced team, after which they assure the Senior Responsible Owners that the project can progress successfully (National Academies US & National Research US, 2004). There are six critical stages (gateways) in the lifecycle of a project that the independent gateway review team will evaluate and thus provide th...
According to the NY Management Guide to Project Success (2002), origination and initiation are the first two stages in the project life cycle. Origination presents the initial idea that is designed to solve a
A project is a temporary endeavour undertaken to create a unique product or service. They are goal oriented, have a definite start and finish time, must be done within cost, schedule and quality parameters. Projects involve the coordinated undertaking of interrelated activities (Project Management: Achieving Competitive Advantage). According to Tom Peters, “Projects, rather than repetitive tasks, are now the basis for most value-added in business”. Based on this, it is clear that projects are of utmost importance to businesses in both the service and the manufacturing industries.
Planning & implanting are the next steps in producing a team project. We also evaluated our individual strengths & areas for improvement. This will help the team when it comes to planning for our goals & objectives.
Project Management Institute (PMI) (2013). Project Management Professional (PMP) Handbook. [ONLINE] Available at: http://www.pmi.org/certification/~/media/pdf/certifications/pdc_pmphandbook.ashx. [Last Accessed 20 April 2014].
During the planning process, outputs are created to illustrate how project tasks will be sequenced and allocated for effective TM. The PMBOK Guide describes nine processes under Project Time Management (Fig 2.) all of which (excluding no. 6) are relevant during the planning phase of the project life cycle.
Over the course of my professional life, I have become increasingly involved in project management roles. Doing so has made me aware of the many varied challenges that can face projects and the project managers who are charged with bringing them through to completion. The success or failure of projects, in whatever economic, political or social field, rests not just on the quality of the project’s goals, but also on the abilities of those involved in the project – and above all those who are managing it – to bring it to successful completion. To do this, project managers need to be equipped with a very wide range of skills, many of which are unrelated to the type of project itself. So, for example, a project manager of an engineering project must not only have engineering
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.