Question: What Is The Project Life Cycle?

What is project life cycle with example?

The Project Life Cycle consists of four main phases through which the Project Manager and his team try to achieve the objectives that the project itself sets.

The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure..

What are the five stages of the project life cycle?

The five key process groups are initiating, planning, executing, monitoring and controlling and closing.

Why is the project life cycle important?

The project life cycle is a 4-step framework designed to help project managers guide their projects successfully from start to finish. The purpose of the project life cycle is to create an easy to follow framework to guide projects.

What is project life cycle in EDP?

A project life cycle is the sequence of phases that a project goes through from its initiation to its closure. The number and sequence of the cycle are determined by the management and various other factors like needs of the organization involved in the project, the nature of the project, and its area of application.

How do you write a project life cycle?

The project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure. These phases make up the path that takes your project from the beginning to the end.

What are the six phases of project management?

These include preparing handbooks, training the end users, setting up support team, writing project report, evaluating the project, transferring to the concerned team and dismantling the project. The six-phase model is designed on the rule – ‘think before you act’.

How do you control a project?

Hold MeetingsReview and (re)assign roles and responsibilities of the team.Provide executive direction of the project to the team.Notify of current status of project work, including open issues.Provide guidance to the team.Make executable decisions regarding further actions throughout the project.More items…•

What are types of projects?

Major Types of Projects Based on Product of ProjectType of ProjectProduct of Project (Examples)1.Administrativeinstalling a new accounting system2.Constructiona building or road3.Computer Software Developmenta new computer program4.Design of Plansarchitectural or engineering plans6 more rows

What are the steps in project planning?

Project Management Basics: 6 Steps to a Foolproof Project PlanStep 1: Identify & Meet with Stakeholders. A stakeholder is anyone who is affected by the results of your project plan. … Step 2: Set & Prioritize Goals. … Step 3: Define Deliverables. … Step 4: Create the Project Schedule. … Step 5: Identify Issues and Complete a Risk Assessment. … Step 6: Present the Project Plan to Stakeholders.

How do you begin a project?

6 Simple Steps to Start any ProjectDefine Your Goals. First things first: decide what you want to achieve. … Identify Your Team Members. The second step on the ladder to beginning any project is the identification of the various team members to be involved. … Define Your Work. … Develop Your Plan. … Delegate (smartly) … Execute and Monitor.

Which is the final stage in the waterfall method?

The waterfall model is a sequential design process in which progress is seen as flowing steadily downwards (like a waterfall) through the phases of Conception, Initiation, Analysis, Design, Construction, Testing, Production/Implementation, and Maintenance.

What is Project process flow?

In project management, a flow chart is a visual aid to understand the methodology you’re using to manage the project. The diagram shows the interdependent and parallel processes over the course of the project’s life cycle. … But, a flow chart can also help with monitoring progress and even status reporting.

What is project control process?

Project controls are processes for gathering and analyzing project data to keep costs and schedules on track. The functions of project controls include initiating, planning, monitoring and controlling, communicating, and closing out project costs and schedule.

What is Project process?

Project process corresponds to the project implementation that is divided into sub processes. … The components of the project process are: project start, project preparation, project planning, project implementation and project completion. The two last components should contain also the project decision.

What is mean by project life cycle?

The Project Life Cycle refers to the four-step process that is followed by nearly all project managers when moving through stages of project completion. This is the standard project life cycle most people are familiar with. … It has been found that following a project life cycle is critical for any services organization.

What is a project and examples?

What is a Project? – Characteristics and Examples. A project is a temporary venture to produce a new and unique deliverable. A deliverable could be a tangible product, a service or achievement of a required outcome.

How do you control a project schedule?

Control schedule is a process in project management that involves monitoring the status of activities related to a particular project. Aside from monitoring the status, it also involves updating of the project process as well as managing the changes to the schedule in order to achieve the plan.

What are project control tools?

Project Management ToolsGantt Chart. A Gantt chart is a popular project management bar chart that tracks tasks across time. … Logic Network. A Logic Network indicates the sequence of activities in a project over time. … PERT Chart. … Product Breakdown Structure (PBS) … Work Breakdown Structure (WBS)