The Project Management Life Cycle
The project management life cycle provides a framework for managing any type of project.
By definition, a project has a definite beginning and end. Between the beginning and end points, the project can be
divided into four phases…
Let’s take a closer look at each phase of the project life cycle.
Project Manager’s Resource
The purpose of the Project Initiation Phase is to define and authorize the project.
The initial definition of the project can come from several places…
The project manager takes the information provided and creates a Project Charter. The Project
Charter authorizes the project and documents the initial requirements for the project.
It generally includes information such as…
An important part of starting your project off right is performing a stakeholder analysis. Understanding
which people or organizations will be impacted by or can influence your project is critical for ensuring your project’s
The purpose of the Project Planning Phase is to determine the approach you will take and define all the
details of how the project will be done.
Project Planning has two parts…
During Strategic Planning you develop the overall approach to the project. During Implementation
Planning you figure out all the details of how the project will be done.
A good way to visualize this is to think of your project as a family vacation.
The purpose of the Project Execution Phase is to carryout the activities defined during the Project Planning
Project Execution is where most of the time, money, and people are used on a project. This is where the action
During this phase of the project management life cycle the project manager has to keep all the activities moving forward in a coordinated manner. This
means you will need to track the progress of each activity and adjust your plans when the situation changes. This
tracking and adjustment of project activities is also known as Monitor and Control.
During the execution phase all of the agreed project deliverables should be implemented and accepted by the
customer. The customer can be an internal customer or an external customer.
The purpose of the Project Closure Phase is to formally close the project.
During Project Closure, there are several key activities that need to be performed…
Many projects skip this phase. Once the Execution Phase is complete, they simply move on. It’s unfortunate since
they really don’t know if the project objectives have been met, don’t organize the project artifacts to be easily
found for future project’s reference, and don’t identify the key issues and lessons learned by the project that can be
applied to future projects.
Performing Project Closure will benefit both your company and your career. If you do this well, you will set yourself
up to lead high-visibility, business-critical projects. So make sure your projects go through the full
project management life cycle.
These project management principles will help you build a strong
foundation from which to manage your projects. Learn how you can use
these fundamentals to ensure your projects succeed.
What is Project Management?
What is project management? Going beyond your typical definition of project management, find out why project management is exhilarating, challenging, and inspiring.
Project Manager Duties and Responsibilities
Understanding key project manager duties will help you lead your projects successfully. Using the four functions of management, learn about the main responsibilities and duties of a project manager.
Do you want to avoid project management failure? Learn three critical tips that will significantly increase your ability to achieve project management success.
Learn how organizational structure types can affect how you manage your project.
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Research & References of The Project Management Life Cycle|A&C Accounting And Tax Services