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    The Project Life Cycle

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    Satabdi Sengupta
    The document discusses the project life cycle as an organized approach to achieving results through a project. It describes the project life cycle as having five main stages - initiation, planning, execution, implementation, and closure - and discusses some typical activities and methodologies used at each stage. The stages allow a project team to efficiently plan resources, measure goals, anticipate risks, and make timely decisions to help ensure the successful completion of a project.

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    Attribution Non-Commercial (BY-NC)
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    The Project Life Cycle

    Uploaded by

    Satabdi Sengupta
    28 views14 pages
    The document discusses the project life cycle as an organized approach to achieving results through a project. It describes the project life cycle as having five main stages - initiation, planning, execution, implementation, and closure - and discusses some typical activities and methodologies used at each stage. The stages allow a project team to efficiently plan resources, measure goals, anticipate risks, and make timely decisions to help ensure the successful completion of a project.

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    Project_LifeCycle[1]

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    The document discusses the project life cycle as an organized approach to achieving results through a project. It describes the project life cycle as having five main stages - initiation, planning, execution, implementation, and closure - and discusses some typical activities and methodologies used at each stage. The stages allow a project team to efficiently plan resources, measure goals, anticipate risks, and make timely decisions to help ensure the successful completion of a project.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    28 views14 pages

    The Project Life Cycle

    Uploaded by

    Satabdi Sengupta
    The document discusses the project life cycle as an organized approach to achieving results through a project. It describes the project life cycle as having five main stages - initiation, planning, execution, implementation, and closure - and discusses some typical activities and methodologies used at each stage. The stages allow a project team to efficiently plan resources, measure goals, anticipate risks, and make timely decisions to help ensure the successful completion of a project.

    Copyright:

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    Download as PPTX, PDF, TXT or read online from Scribd
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    You are on page 1of 14

    The Project Life Cycle

    An organized approach to achieving results


    Consider This…
    • You estimated the timelines and thought you were on
    track but you never thought adhoc work could be
    such a time killer
    • You have enough people to complete a project but
    still they are not able to finish on time
    • You did not realize that there were other people from
    other teams whose support you would require
    Discussion
    • Why do you think these things happen?
    • What is it that you need to do to avoid them?
    Project Management – The tool for
    successful managers
    • It is a dynamic process that utilizes the appropriate
    resources of the organization in a controlled and
    structured manner to achieve some clearly defined
    objectives identified as needs
    Why project Management
    • It is necessary to track or measure the progress we
    have achieved towards a goal we wish to accomplish
    • Project management is used to aid us in maximizing
    and optimizing our resources to accomplish our goals
    What does Project Management
    entail?
    • Project Management is a step wise progress towards
    the completion of a goal which togetherProject
    forms Lifecycle
    the
    Project Lifecycle
    • The Project Lifecycle refers to all the stages or stages
    between a project's conception and its conclusion.
    • By organizing project activities into different stages,
    the Project Team can
    – efficiently plan and organize resources,
    – measure the achievement of project goals with relevant
    metrics,
    – anticipate risks, and
    – make timely decisions
    Project Lifecycle

    Closure

    Implementation Five Stages


    of Project
    Lifecycle
    Execution

    Planning

    Initiation
    Initiation Stage
    Stages Activities conducted Methodologies used

    Initiation • Define the scope of the • Business Plan,


    project • Project Framework (or
    • Decide on the best approach Overview), and
    • Select the team members • Milestone Reviews
    based on their skills,
    experience, and
    compatibility
    Planning Stage
    Stages Activities conducted Methodologies used

    Planning • Identification of all tasks •Business Plan,


    • Assignment of tasks to •Milestone Reviews
    resources
    • Assigning timelines for
    completing tasks
    • Analysis of risks
    • Expected quality
    Execution Stage
    Stages Activities Methodologies
    conducted used

    Execution • Creation of the • Project


    design, or the Framework (or
    outline of the Overview), and
    proposed • Milestone
    solution, Reviews
    Implementation Stage
    Stages Activities Methodologies
    conducted used

    Implementation • Creation of • Risk Analysis


    prototypes, • Score Cards
    • Testing • Business Plan
    • Conducting • Milestone
    reviews Reviews
    Closure Stage
    Stages Activities Methodologies
    conducted used
    Closure • Client acceptance • Score cards
    of the final • Milestone
    product, Reviews
    • Rewarding the
    team,
    • Key Learning,
    • Releasing project
    resources,
    • Formal project
    closure
    notification.
    Assignment for the next day
    • Revisit a recent project and create a Project Lifecycle

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