Question: What Is The Project Life Cycle?

Why is the project life cycle important?

The project life cycle is a 4-step framework designed to help project managers guide their projects successfully from start to finish.

The purpose of the project life cycle is to create an easy to follow framework to guide projects..

What is a project and examples?

It is an attempt to implement desired change to an environment in a controlled way. By using projects we can plan and do our activities, for example: build a garage, run a marketing campaign, develop a website, organize a party, go on vacation, graduate a university with honors, or whatever else we may wish to do.

What is project life cycle with example?

The Project Life Cycle consists of four main phases through which the Project Manager and his team try to achieve the objectives that the project itself sets. The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure.

How do you write a project life cycle?

The project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure. These phases make up the path that takes your project from the beginning to the end.

What are the steps in project planning?

Project Management Basics: 6 Steps to a Foolproof Project PlanStep 1: Identify & Meet with Stakeholders. A stakeholder is anyone who is affected by the results of your project plan. … Step 2: Set & Prioritize Goals. … Step 3: Define Deliverables. … Step 4: Create the Project Schedule. … Step 5: Identify Issues and Complete a Risk Assessment. … Step 6: Present the Project Plan to Stakeholders.

How do you close out a project?

7 steps to closing a projectFormally transfer all deliverables. The first step to closing out your project is to finalize and transfer the project deliverables to the client. … Confirm project completion. … Review all contracts and documentation. … Release resources. … Conduct a post-mortem. … Archive documentation. … Celebrate.

What is a project life cycle definition?

The Project Life Cycle refers to the four-step process that is followed by nearly all project managers when moving through stages of project completion. This is the standard project life cycle most people are familiar with. The Project Life Cycle provides a framework for managing any type of project within a business.

What is Project Life Cycle PMP?

The project life cycle is the entirety of the project from start to finish, and it is made up of phases. Project may have one or many phases that are distinguished by different work that occurs in each phase. Projects may be predictive, iterative, or agile based on the characteristics of what is being produced.

What are the six phases of project management?

These include preparing handbooks, training the end users, setting up support team, writing project report, evaluating the project, transferring to the concerned team and dismantling the project. The six-phase model is designed on the rule – ‘think before you act’.

How do you control a project?

Hold MeetingsReview and (re)assign roles and responsibilities of the team.Provide executive direction of the project to the team.Notify of current status of project work, including open issues.Provide guidance to the team.Make executable decisions regarding further actions throughout the project.More items…•

What is Project process?

Project process corresponds to the project implementation that is divided into sub processes. … The components of the project process are: project start, project preparation, project planning, project implementation and project completion. The two last components should contain also the project decision.

Why is SDLC used?

SDLC – Overview. Software Development Life Cycle (SDLC) is a process used by the software industry to design, develop and test high quality softwares. The SDLC aims to produce a high-quality software that meets or exceeds customer expectations, reaches completion within times and cost estimates.

What are the five stages of the project life cycle?

Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.

What do project managers do all day?

In the broadest sense, project managers (PMs) are responsible for planning, organizing, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope.

How do you lead a project team?

The following five steps will lead to a winning project team.STEP ONE – Establish the Team. The first step is to establish the project management team. … STEP TWO – Facilitate Effective Communication. … STEP THREE – Encourage Collaboration. … STEP FOUR – Accept and Manage Problems. … STEP FIVE – Recognition and Reward.

How can you identify a phase in a project?

The Project Management Institute (PMI) identifies four major phases of a project as characteristics of the project life cycle. These four life-cycle phases are initiation, planning, execution, and project closeout. The knowledge, skills, and experience needed on the project can vary in each phase.

What are the 4 phases of project management?

There are 4 project life cycle phases: initiation, planning, execution, and closure.

What are types of projects?

Project Management: The 3 Major Project TypesCivil Engineering, Construction, Petrochemical, Mining, and Quarrying. Projects in this category are those which spring to mind most readily whenever industrial projects are mentioned. … Manufacturing Projects. … Management Projects.