Department The Project Life Cycle refers to the four-step

 

 

 

Department of information system

project management

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Assignment 1 :

Project life cycles

 

 

 

 

Name:
Ali Awadh Mohammed Al-Naaimi

ID:
201501744

 

 

 

 

 

 

 

 

 

 

Table of content

Front page

Page 1

table of content

Page 2

Introduction

Page 3

Planning Phase

Page 3

Project Initiation

Page 4

Project Planning

Page4,5

Project Execution

Page 5

Conclusion:
 

Page 6

References:

Page 6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Introduction
:

The Project Life Cycle
refers to the four-step technique it really is observed by nearly all
undertaking managers as soon as transferring through degrees of challenge
completion. this is often the best project lifestyles cycle the majority ar
aware of. The Project Life Cycle affords a framework for managing any fashion
of project among a business. Leaders in venture administration have performed
evaluation to see the simplest approach by way of that to run comes. it’s been
discovered that following a challenge life cycle is imperative for any services
organization.

 

Planning
Phase:

 The subsequent phase, the planning phase, is
where the task answer is similarly developed in as plenty element as feasible
and the steps critical to meet the project’s objective are planned. In this
step, the group identifies all of the work to be done. The project’s duties and
useful resource necessities are identified, alongside with the approach for
producing them. The assignment supervisor coordinates the practise of a mission
price range with the aid of supplying cost estimates for the labor, equipment,
and substances costs. The budget is used to reveal and manage value fees in the
course of task implementation. Once the venture team has recognized the work,
prepared the schedule, and estimated the costs, the three indispensable aspects
of the planning system are complete. This is an awesome time to perceive and
attempt to deal with something that might pose a hazard to the successful
completion of the project. This is known as hazard management. In threat
management, “high-threat” achievable issues are recognized alongside with the
motion that is to be taken on each high-threat possible problem, either to
decrease the likelihood that the problem will manifest or to limit the have an
impact on on the challenge if it does occur. This is additionally a correct
time to become aware of all task stakeholders and set up a communication design
describing the records wanted and the transport technique to be used to
maintain the stakeholders informed.

 

Project
Initiation

The purpose of the
Project Initiation Phase is to define and authorize the project.

 

The initial definition
of the task can come from several places…

 

Project Statement of
Work (SoW)

Business Case

Contract

The mission manager
takes the records supplied and creates a Project Charter. The Project Charter
authorizes the venture and archives the preliminary necessities for the
project.

 

It usually consists of
statistics such as…

 

Project purpose,
vision, and mission

Measurable goals and
success criteria

High stage mission
description, requirements, and risks

Summary milestone time
table and budget

Name and authority of
the challenge sponsor

An necessary section of
beginning your project off proper is performing a stakeholder analysis.
Understanding which people or businesses will be impacted via or can affect
your venture is essential for ensuring your project’s success.

 

Project
Planning

The motive of the
Project Planning Phase is to determine the method you will take and define all
the small print of how the venture will be done.

 

Project Planning has
two parts…

 

 

 

Strategic Planning

Implementation
Planning.

During Strategic
Planning you improve the average approach to the project. During Implementation
Planning you determine out all the details of how the assignment will be done.

 

A top way to visualize
this is to assume of your undertaking as a household vacation.

 

During Project
Initiation you decide the place you choose to go (your mission).

During Strategic
Planning, you figure out whether or not you want to fly there or drive (your approach).

Let’s say you determine
to drive. In that case, in the course of Implementation Planning you would map
out your route, discover which hotels you will stay at alongside the way,
decide how long every leg of the time out will take, and so on (all the
details).

Project
Execution

The purpose of the
Project Execution Phase is to carryout the things to do defined for the
duration of the Project Planning Phase.

 

Project Execution is
the place most of the time, money, and human beings are used on a project. This
is where the action takes place.

 

During this phase the
undertaking manager has to hold all the activities transferring ahead in a
coordinated manner. This means you will want to tune the growth of every
pastime and modify your plans when the state of affairs changes. This
monitoring and adjustment of venture activities is additionally known as
Monitor and Control.

 

During the execution
section all of the agreed task deliverables have to be carried out and normal
by using the customer. The client can be an inside client or an exterior
customer.

 

 

 

 

 

 

 

Conclusion:

 

The mission supervisor and
the challenge crew have one common goal:
to elevate out the work of the
project in order to attain the targets of
the project. Each assignment has a beginning, a middle
period during which the activities move the undertaking toward
completion, and the end (either
successful or unsuccessful). The normative project typically has
the following four essential stage
(each with its agenda for duties and
issues): initiation, planning, implementation and closure.
These tiers together characterize the course that
the project takes from start to end and
is generally
referred to as the “life cycle”.

 

 

 

 

References:
https://www.mavenlink.com/resources/what-is-the-professional-services-project-life-cycle

The 5 Phases of A Project Life Cycle