Life Cycle of Project Management
While many project life cycles share similar phases, not all have the same number. The number of stages a project has before it is completed will vary depending on how complex and ambitious it is.
As the project progresses, the numbers start to increase and then drop when it reaches its completion stage.
Frameworks and Methodologies for Project Management
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Stage 1: Initiating You can then initiate the project and recruit the team. This is the most important stage of project management. Without a solid foundation and a clear definition of the project, you run the risk that it will fail. It can cause a chain reaction that will disrupt all subsequent stages and the final outcome. Because every project is unique, planning is the second most important phase in a project’s life cycle. Planning answers the core question: What should we be focusing on?
What are the best techniques to achieve our goal?
What are we going to do?
How do we know if the project was successful?
You must: Create a project plan in order to plan a project successfully
Make a resource plan
Create a financial plan
Create a quality plan
Make a plan for risk
Make an acceptance plan
Make a communication plan
Make a procurement plan
The whole plan should be reviewed
Stage 3: ExecutingThis is the stage of project management where you construct the deliverables physically and present them to customers. The customer then decides whether or not to accept them. This is usually the longest phase. It varies depending on the project. As the project manager, you manage activities, resources, costs, and your team’s performance of the work in the plan. You must implement each activity in order to meet your project’s deadline. Without control processes, even the most meticulous planning can lead to projects failing. In order to be able to identify any pitfalls and plan changes, you need to monitor and measure all the relevant activities.Controlling will enable you to take any preventive measures and make any necessary adjustments to the plan, and, ultimately, keep your project on track.To keep everything under control, you need to:Collect data from timesheets and completed tasks
Compare the data with the plan (task completion, budget, time estimates, etc.)
Verify that you have met all your ambitious goals
This phase’s ultimate goal is to meet all requirements and make y.