The Project Life Cycle
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Project Management
Chapter 3: The Project Life Cycle
1
Phases of a project
Initiation
Planning
Implementation
Closing
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Project Management
Chapter 3: The Project Life Cycle
Initiation phase
Project sponsor is identified
Scope and deliverables are defined
Relationship to organizational goals is key
Budget is approved
Broad statements are made about risks, approach, timelines
Stakeholders are identified
Project Manager is assigned
At end of phase, approved project charter is the approval to proceed to the planning phase
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Project Management
Chapter 3: The Project Life Cycle
Planning phase
Deliverables are clearly defined
Based on the deliverables, a work breakdown structure or WBS defines the work packages
The work packages are used to develop a schedule
Plans are made for management of stakeholders, communication, quality, costs, risks, procurement, resources including human resources
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Project Management
Chapter 3: The Project Life Cycle
Implementation (Execution) Phase
Project team is hired and developed
Procurements take place
Project work is underway
Project must be monitored and changes managed
Communication to stakeholders is an important ongoing activity
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Project Management
Chapter 3: The Project Life Cycle
Closing phase
Reporting
Closing out procurementsfinal payments
Identify lessons learned
Celebrate
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Project Management
Chapter 3: The Project Life Cycle
Summary
Project Phases
Initiation
Planning
Implementation (Execution)
Closing
This work is licensed under a
Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
Questions?
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Project Management
Chapter 3: The Project Life Cycle
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