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- A project life cycle is a framework comprising a set of distinct high-level stages required to transform an idea of concept into reality in an orderly and efficient manner. Life cycles offer a systematic and organised way to undertake project-based work and can be viewed as the structure underpinning deployment.
www.apm.org.uk/resources/what-is-project-management/what-is-a-life-cycle/
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- What Are Project phases?
- What Are The 5 Phases of Project Management?
- Why Are Project Phases Important?
Project phases are smaller portions of a project that represent distinct goals or milestones in the larger project lifecycle. Within the project lifecycle, there are 5 project phases, as defined by the Project Management Institute: 1. Project Initiation 2. Project Planning 3. Project Execution 4. Project Monitoring and Control 5. Project Closure An...
Project Initiation Phase
A team’s performance during the Project Initiation Phase can result in either authorization, delay, or discontinuation of a new project. The main goal of the Initiation Phase is to ensure that the project meets business needs and that stakeholders and project teams are aligned on the project success criteria throughout the project life cycle. To achieve the project goal, it’s best to involve internal and external stakeholders from the Initiation Phase. This way, you can effectively align expe...
Project Planning Phase
Once the expectations and success criteria are clear, the next project management life cycle phase focuses on planning each task the team needs to perform to cover the scope, achieve the deliverables, and meet the overall goal. In the Project Planning Phase, the project team members dive into specific requirements, tasks, timelines, and actions. The project manager works with the entire team to create the design, enumerate the task list, and estimate the budget. The project team builds the re...
Project Execution Phase
The Project Execution Phase is where the project team executes and follows through on tasks based on the Project Plan. At this stage, the team spends most of its time coordinating with people, helping to ensure quality work, keeping track of resources, and updating stakeholders. Sometimes called the Implementation Phase, this is the phase when the project manager tries to manage every task and aspect of project delivery to keep the project on track for the remaining duration of the project li...
All projects go through each of the five phases regardless of their size. The decision to officially divide a project into phases is an excellent way to manage the team’s focus, allocate resources, and align the entire project life cycle with clients and stakeholders. By thinking in terms of phases, the project team ensures that deliverables produc...
- Project Initiation Phase. Initiating the first phase of the project life cycle is all about doing a project kickoff meeting with your team and with the client, and getting their commitment to start the project.
- Project Planning Phase. After receiving approval to proceed in the initiation phase, you can begin project planning, typically using a Gantt chart tool.
- Project Execution Phase. This is the part of the project life cycle where you finally get to execute on your awesome project plan. You bring your resources onboard, brief them, set the ground rules, and introduce them to one another.
- Project Monitoring & Controlling Phase. This project management step involves reporting on performance and monitoring and controlling the project. That means ensuring the project is going according to plan, and if it isn’t, controlling it by working out solutions to get it back on track.
- Project Initiation Phase. The first phase in the project management life cycle is the initiation phase. This phase is the starting point for all projects when we need to make a positive decision about the objectives we need to achieve.
- Project Planning Phase. This phase of the project is essentially the plan that tells you where you are supposed to be in the first place. Without a plan, you have no idea if you are doing okay or not.
- Project Execution Phase. In the execution phase, work begins on implementing the project plan. This means putting it into action as soon as possible. The famous quote “Procrastination is the thief of time” holds very true for project execution.
- Project Control Phase. In the previous, execution phase, the process had started and now in this project management life cycle phase, the focus is on monitoring the processes as the work is performed.
- Initiating. In the initiation phase, you’ll define the project, including: Project goals, scope, and resources. Project purpose. What roles are needed on the team.
- Planning. In the planning phase, you’ll determine the steps to actually achieve the project goals—the “how” of completing a project. You’ll establish budgets, timelines, and milestones, and source materials and necessary documents.
- Execute and complete tasks. Executing a project means putting your plan into action and keeping the team on track. Generally this means tracking and measuring progress, managing quality, mitigating risk, managing the budget, and using data to inform your decisions.
- Close projects. In the closing phase of the project management lifecycle, you’ll conclude project activities, turn the finished product or service over to its new owners, and assess the things that went well and didn’t go so well.
What is the project life cycle? The project management life cycle provides a structured plan for project managers to guide their projects to successful completion. It includes all the stages needed in a project – from the inception of an idea to the final implementation.
Dec 27, 2016 · The project management life cycle describes the high-level process of delivering a project and the steps you take to make things happen.
