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  1. Dec 18, 2016 · Simplified and general overview of project life cycle and processes based on the Project Management Book of Knowledge. Read less

  2. Mar 5, 2012 · The project life cycle consists of four phases: initiation, planning, execution, and closure. The initiation phase involves establishing the business need, feasibility, terms of reference, project team, and office.

  3. May 18, 2012 · Significance of Project Life Cycle: It defines: The phases of the project (time) The work performed in each phase (work) The input and output of each phase (result) The milestone of each phase (end sign)

    • What Is Project Management?
    • What Is Project Life Cycle?
    • Waterfall Project Management vs. Agile Project Management
    • The 5 Phases of Project Management
    • Phase 1: Conception & Initiation
    • Phase 2: Project Definition & Project Planning
    • Phase 3: Project Execution
    • Phase 4: Project Performance & Project Controlling
    • Phase 5: Project Closure

    Throughout history, humans have successfully accomplished a number of different projects the Pyramids of Giza, Panama Canal, iPhone production and a bunch of other amazing things. The outcomes of these projects were driven by different best practices, tools and techniques used by the project leaders (managers). In essence, that’s what project manag...

    Clearly, neither of the grand project mentioned above happened in one sitting. They were broken down into separate stages or steps ideation, planning, and so on. Project management life cycle is the term used to describe the series of phases a project passes through from its start to its completion. It establishes the basic framework that can be ap...

    Project managementassumes the use of different techniques and tools to move the project from ground zero to successful completion. In software development (and beyond it), the two popular project management methodologies are: 1. Waterfall project managementthe plan-driven approach, which assumes using rigid plans and linear execution of the outline...

    There are five key project management life cycle phases that we’ll discuss in the course of this post. These project management phases are: 1. Conception & Initiation 2. Definition & Planning 3. Launch or Execution 4. Performance & Control 5. Project Closure Each project management phase assumes a number of specific project management steps you wil...

    This is the ground zero of any project. Your main goal here is to conceive the project at a broad level: 1. Build a strong case for it (Why are we doing this and what are the benefits?) 2. Feasibility study/analysis (Can we do it? How much time and resources will it require? 3. Identify key stakeholders. 4. Develop a project charter. Let’s dwell fu...

    Once all the key stakeholders have approved your initial project outline, it’s time to prepare a more formal set of plans, indicating how the project will be executed. At this point, you will need to develop a formal project management plan. A project management plandefines how a project will be executed, monitored, controlled and closed basically,...

    At this point, the actual work on the project begins. All those requirements, resources and tools outlined in the plan are leveraged to meet the project goals. The tasks you are expected to complete at this stage are as follows: 1. Assemble a team 2. Assign resources 3. Start executing the project management plan 4. Proactive control and manage pro...

    To ensure that your project remains on track at all times, you will want to establish key performance indicators (KPIs). Most managers tend to settle for 3-5 metrics that clearly indicate the project overall health in regards to performance, budgets, timelines and objectives. Specifically, you may want to engage in: 1. Cost tracking:review and refi...

    And we’ve made it to the final phase project completion. All the objectives are met; all the tasks are completed; the final deliverables are reviewed and sign-off by the customer. Apart from congratulating everyone on good work, professional PMs will often schedule a closing meeting the so-called “project post-mortem” to draw the final line. Such m...

    • Project initiation phase. In the beginning, you need to question yourself about why you are going to initiate a specific project. In this way, you will have a clear idea of what type of problems will be solved and what will be the core objective of your project.
    • The planning phase. Being one of the most important phases of the project life cycle, planning plays an important role in proper project completion. At this stage, various aspects and parameters are decided like the project’s time period, its deliverables, the involved processes, and so forth.
    • The execution phase. The next stage is the project execution stage where you start working on already decided project milestones according to the set timelines.
    • The control phase. No process gets effectively completed with proper control measures. As far as projects are concerned, a systematic evaluation and control of the various processes involved in the project’s journey are needed to achieve their objectives and end goals.
  4. Project Life Cycle The Project Life Cycle refers to a logical sequence of activities to accomplish the project’s goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life.

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  6. Download the Project Management Life Cycle Methodology Template for PowerPoint and Google Slides. Streamline your project planning and execution with this easy-to-use, customizable presentation tool.