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    Project Life Cycle

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    nirajagarwala
    The project life cycle consists of four phases: (1) Initiation where the project scope is defined and a manager and team are selected, (2) Planning where a detailed blueprint is created, (3) Execution where the planned solution is implemented, and (4) Closure where the project is formally closed and lessons learned are documented. Each phase involves certain key activities and tools to progress the project from start to finish.

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    Project Life Cycle

    Uploaded by

    nirajagarwala
    45 views10 pages
    The project life cycle consists of four phases: (1) Initiation where the project scope is defined and a manager and team are selected, (2) Planning where a detailed blueprint is created, (3) Execution where the planned solution is implemented, and (4) Closure where the project is formally closed and lessons learned are documented. Each phase involves certain key activities and tools to progress the project from start to finish.

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    PLC

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    The project life cycle consists of four phases: (1) Initiation where the project scope is defined and a manager and team are selected, (2) Planning where a detailed blueprint is created, (3) Execution where the planned solution is implemented, and (4) Closure where the project is formally closed and lessons learned are documented. Each phase involves certain key activities and tools to progress the project from start to finish.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    45 views10 pages

    Project Life Cycle

    Uploaded by

    nirajagarwala
    The project life cycle consists of four phases: (1) Initiation where the project scope is defined and a manager and team are selected, (2) Planning where a detailed blueprint is created, (3) Execution where the planned solution is implemented, and (4) Closure where the project is formally closed and lessons learned are documented. Each phase involves certain key activities and tools to progress the project from start to finish.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 10

    Project Life Cycle

    Introduction
    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.
    Project Life Cycle

    I II III IV
    I. Initiation
    • Scope of the project is defined along with the
    approach to be taken to deliver the desired outputs.

    • Project manager is appointed and in turn, he


    selects the team members based on their skills and
    experience.

    • Common tools or methodologies used in the


    initiation stage are Project Charter, Business Plan,
    Project Framework (or Overview), Business Case
    Justification.
    Phase-I Summary
    • Identification of the need
    • Establishment of the primary feasibility of
    project idea
    • Identification of alternatives
    • Evaluation (appraisal) of the alternatives
    • Investment decision
    II. Planning
    • It 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.
    • Governance process is defined, stake holders
    identified and reporting frequency and channels
    agreed.
    • Tools used in the planning stage are Business Plan
    and Milestones Reviews.
    Phase-II Summary
    • Blue print for the execution of the project is
    ready.

    • The output of phase II is usually called the


    Detailed Project Report (DPR).

    • Intensity of activities continuously rises.


    III. Execution and controlling
    • 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.
    IV. 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
    – a formal project closure notification to higher management.

    No special tool or methodology is needed during the closure


    phase.

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