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Chapter3-TheProjectLifeCyclePhases.pptx

The Project Life Cycle

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Project Management

Chapter 3: The Project Life Cycle

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Phases of a project

Initiation

Planning

Implementation

Closing

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Project Management

Chapter 3: The Project Life Cycle

Initiation phase

Project sponsor is identified

Scope and deliverables are defined

Relationship to organizational goals is key

Budget is approved

Broad statements are made about risks, approach, timelines

Stakeholders are identified

Project Manager is assigned

At end of phase, approved project charter is the approval to proceed to the planning phase

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Project Management

Chapter 3: The Project Life Cycle

Planning phase

Deliverables are clearly defined

Based on the deliverables, a work breakdown structure or WBS defines the “work packages”

The work packages are used to develop a schedule

Plans are made for management of stakeholders, communication, quality, costs, risks, procurement, resources including human resources

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Project Management

Chapter 3: The Project Life Cycle

Implementation (Execution) Phase

Project team is hired and developed

Procurements take place

Project work is underway

Project must be monitored and changes managed

Communication to stakeholders is an important ongoing activity

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Project Management

Chapter 3: The Project Life Cycle

Closing phase

Reporting

Closing out procurements—final payments

Identify lessons learned

Celebrate

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Project Management

Chapter 3: The Project Life Cycle

Summary

Project Phases

Initiation

Planning

Implementation (Execution)

Closing

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Project Management

Chapter 3: The Project Life Cycle

Questions?

This work is licensed under a

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Project Management

Chapter 3: The Project Life Cycle

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