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    Project Management Life Cycle

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    umanshiv
    The project management life cycle comprises four phases: initiation, planning, execution, and closure. Initiation involves starting the project by defining its scope and purpose. Planning develops the project plans to guide the team. Execution builds the deliverables while controlling costs, schedule, and quality. Closure winds down the project by releasing resources and handing over deliverables for a post-implementation review.

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    Project Management Life Cycle

    Uploaded by

    umanshiv
    70 views2 pages
    The project management life cycle comprises four phases: initiation, planning, execution, and closure. Initiation involves starting the project by defining its scope and purpose. Planning develops the project plans to guide the team. Execution builds the deliverables while controlling costs, schedule, and quality. Closure winds down the project by releasing resources and handing over deliverables for a post-implementation review.

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    The project management life cycle comprises four phases: initiation, planning, execution, and closure. Initiation involves starting the project by defining its scope and purpose. Planning develops the project plans to guide the team. Execution builds the deliverables while controlling costs, schedule, and quality. Closure winds down the project by releasing resources and handing over deliverables for a post-implementation review.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    70 views2 pages

    Project Management Life Cycle

    Uploaded by

    umanshiv
    The project management life cycle comprises four phases: initiation, planning, execution, and closure. Initiation involves starting the project by defining its scope and purpose. Planning develops the project plans to guide the team. Execution builds the deliverables while controlling costs, schedule, and quality. Closure winds down the project by releasing resources and handing over deliverables for a post-implementation review.

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    PROJECT MANAGEMENT LIFE CYCLE

    Project Management Life Cycle comprises four phases...

    Initiation involves starting up the project, by documenting a


    business case, feasibility study and terms of reference, appointing
    the team and setting up a Project Office.
    Planning involves setting out the roadmap for the project by
    creating the following plans: project plan, resource plan, financial
    plan, quality plan, acceptance plan and communications plan.
    Execution involves building the deliverables and controlling the
    project delivery, scope, costs, quality, risks and issues.
    Closure involves winding-down the project by releasing staff,
    handing over deliverables to the customer and completing a post
    implementation review.

    Project Initiation

    Project Initiation is the first phase in the Project Life Cycle and essentially involves starting up the project. You
    initiate a project by defining its purpose and scope, the justification for initiating it and the solution to be
    implemented. You will also need to recruit a suitably skilled project team, set up a Project Office and perform
    an end of Phase Review. The Project Initiation phase involves the following six key steps:

    Project Planning

    After defining the project and appointing the project team, you're ready to enter the detailed Project Planning
    phase. This involves creating a suite of planning documents to help guide the team throughout the project
    delivery. The Planning Phase involves completing the following 10 key steps:
    Project Execution

    With a clear definition of the project and a suite of detailed


    project plans, you are now ready to enter the Execution phase
    of the project.

    This is the phase in which the deliverables are physically built


    and presented to the customer for acceptance.

    While each deliverable is being constructed, a suite of


    management processes are undertaken to monitor and control
    the deliverables being output by the project.

    These processes include managing time, cost, quality, change,


    risks, issues, suppliers, customers and communication.

    Once all the deliverables have been produced and the customer
    has accepted the final solution, the project is ready for closure.

    Project Closure

    Project Closure involves releasing the final deliverables to the customer,


    handing over project documentation to the business, terminating supplier
    contracts, releasing project resources and communicating project closure
    to all stakeholders. The last remaining step is to undertake a Post
    Implementation Review to identify the level of project success and note
    any lessons learned for future projects.

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