PROJECT LIFE CYCLE

OBJECTIVES
Understand

the term Project Life Cycle

Know

the phases in a Project Life Cycle

Know

the significance of each phase

PROJECT LIFE CYCLE

A

Project may be defined as a series of related task or activities directed towards a major output

The

Project Life Cycle refers to a logical sequence of activities to accomplish the projects goals or objectives. Regardless of scope or complexity, any project goes through a series of stages during its life

PROJECT LIFE CYCLE

INITIATION (1ST PHASE)

Project

Initiation is the first phase in the Project Life Cycle. Its significance is to define the projects purpose and scope. It also states the reason for initiating the project and the solution to be implemented.

INITIATION (1ST PHASE)

Other tasks involved in this phase are:
Developing

a business case

Undertaking

a Feasibility Study
a Project Charter

Establishing

Appointing

the Project Team

INITIATION (1ST PHASE)

Other tasks involved in this phase are:
Setting

up the Project Office

Performing

Phase Review

PLANNING (2ND PHASE)

This

phase should include a detailed identification and assignment of each task until the end of the project. Time is spent to develop a proposal to be submitted by the customer or contractor. The proposal should include financial planning (cost estimates), resource planning and the time it would take to implement the project. An evaluation is expected to be done by the customer, making sure that the proposal meets all the requirements.

PLANNING (2ND PHASE)

Some additional tasks that must be performed for the completion of this phase are:
Creating

a Quality Plan and Procurement Plan Creating a Risk Plan, Acceptance Plan and Communication Plan Defining the Tender Process, issuing a statement of work, issuing a Request for Information and a Request for Proposal Creating supplier contract and performing a phase review.

EXECUTION (3RD PHASE)

The

most important issue in this phase is to ensure project activities are properly executed and controlled. During the execution phase, the planned solution is implemented to solve the problem specified in the project's requirements. In product and system development, a design resulting in a specific set of product requirements is created.

EXECUTION (3RD PHASE)

The

most common tools or methodologies used in the execution phase are an update of Risk Analysis and Score Cards, in addition to Business Plan and Milestones Reviews. Time management, cost management, issue management and procurement management are some other tasks that should also be taken into consideration.

CLOSURE (4TH PHASE)

The

Project Closure phase involves releasing the final deliverables to the customer, handing over project documentation, terminating supplier contracts, releasing project resources and communicating project closure to all stakeholders. The final step is to undertake an Evaluation to determine the extent to which the project was successful and note any lessons learned for future projects.

CLOSURE (4TH PHASE)

A

formal acceptance of the final product by the client (all invoices paid and payments collected). Weighted Critical Measurements(matching the initial requirements specified by the client with the final delivered product). Rewarding the team. A list of lessons learned (evaluating projects performance and project team).

CLOSURE (4TH PHASE)

Customer

feedback to determine whether the customers objectives were met. Documentation (documents are to be filed orderly and adequately referenced for easy retrieval and review of projects assumptions and performance). Preparation and submission of final report (formal project closure notification to higher management).

OVERVIEW

THE END