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    Project Life Cycle

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    Ruslan jaelani
    The document discusses the project life cycle which includes initiation, planning, execution, and closure phases. It describes the key activities and tools used in each phase, with initiation defining the project scope and approach, planning detailing tasks and risks, execution implementing the planned solution, and closure formally accepting the completed project.

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    Project Life Cycle

    Uploaded by

    Ruslan jaelani
    6 views2 pages
    The document discusses the project life cycle which includes initiation, planning, execution, and closure phases. It describes the key activities and tools used in each phase, with initiation defining the project scope and approach, planning detailing tasks and risks, execution implementing the planned solution, and closure formally accepting the completed project.

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    Project life cycle

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    The document discusses the project life cycle which includes initiation, planning, execution, and closure phases. It describes the key activities and tools used in each phase, with initiation defining the project scope and approach, planning detailing tasks and risks, execution implementing the planned solution, and closure formally accepting the completed project.

    Copyright:

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

    Project Life Cycle

    Uploaded by

    Ruslan jaelani
    The document discusses the project life cycle which includes initiation, planning, execution, and closure phases. It describes the key activities and tools used in each phase, with initiation defining the project scope and approach, planning detailing tasks and risks, execution implementing the planned solution, and closure formally accepting the completed project.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Project Life Cycle - Project cycle management

    The Project Life Cycle refers to a logical sequence of activities to accomplish the
    project’s goals or objectives. Regardless of scope or complexity, any project goes
    through a series of stages during its life. There is first an Initiation or Birth phase, in
    which the outputs and critical success factors are defined, followed by a Planning
    phase, characterized by breaking down the project into smaller parts/tasks, an
    Execution phase, in which the project plan is executed, and lastly a Closure or Exit
    phase, that marks the completion of the project.

    Project activities must be grouped into phases because by doing so, the project
    manager and the core team can efficiently plan and organize resources for each
    activity, and also objectively measure achievement of goals and justify their decisions to
    move ahead, correct, or terminate. It is of great importance to organize project phases
    into industry-specific project cycles. Why? Not only because each industry sector
    involves specific requirements, tasks, and procedures when it comes to projects, but
    also because different industry sectors have different needs for life cycle management
    methodology. And paying close attention to such details is the difference between doing
    things well and excelling as project managers.

    Diverse project management tools and methodologies prevail in the different project
    cycle phases. Let’s take a closer look at what’s important in each one of these stages:

    1) Initiation
    In this first stage, the scope of the project is defined along with the approach to be taken
    to deliver the desired outputs. The project manager is appointed and in turn, he selects
    the team members based on their skills and experience. The most common tools or
    methodologies used in the initiation stage are Project Charter, Business Plan, Project
    Framework (or Overview), Business Case Justification, and Milestones Reviews.
    2) Planning
    The second phase should include a detailed identification and assignment of each
    task until the end of the project. It should also include a risk analysis and a definition of
    a criteria for the successful completion of each deliverable. The governance process is
    defined, stake holders identified and reporting frequency and channels agreed. The
    most common tools or methodologies used in the planning stage are Business Plan and
    Milestones Reviews.

    3) Execution and controlling


    The most important issue in this phase is to ensure project activities are properly
    executed and controlled. During the execution phase, the planned solution is
    implemented to solve the problem specified in the project's requirements. In product and
    system development, a design resulting in a specific set of product requirements is
    created. This convergence is measured by prototypes, testing, and reviews. As the
    execution phase progresses, groups across the organization become more deeply
    involved in planning for the final testing, production, and support. The most common
    tools or methodologies used in the execution phase are an update of Risk Analysis and
    Score Cards, in addition to Business Plan and Milestones Reviews.

    4) Closure
    In this last stage, the project manager must ensure that the project is brought to its
    proper completion. The closure phase is characterized by a written formal project
    review report containing the following components: a formal acceptance of the final
    product by the client, Weighted Critical Measurements (matching the initial requirements
    specified by the client with the final delivered product), rewarding the team, a list of
    lessons learned, releasing project resources, and a formal project closure notification to
    higher management. No special tool or methodology is needed during the closure
    phase.

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