Exploring the phases of the project life cycle

Exploring the phases of the project life cycle

Understanding the Project Life Cycle:

  1. Unique Nature of Projects:
    • Every project is unique, requiring different management approaches.
    • Example: Managing a political campaign involves considering resources, team members, election date, and location.
  2. Project Life Cycle:
    • The project life cycle guides the project to stay on track. It generally includes four major phases:
      1. Initiate the Project:
        • Define goals and deliverables.
        • Identify budget, resources, involved people, and other impacting details.
        • Document and showcase the project's value for approval.
      2. Make a Plan:
        • Plan how to meet project goals, including budget, task breakdown, team roles, schedule, and contingency plans.
      3. Execute and Complete Tasks:
        • Monitor progress, motivate the team, and remove obstacles.
        • Team members complete the project tasks.
      4. Close the Project:
        • Celebrate the team's hard work.
        • Evaluate what worked and what didn't for future projects.
        • Inform stakeholders of the project's completion and achievements.
  3. Project Examples:
    • Political campaign: Firm end date after the election.
    • New ordering system at a restaurant: Project ends after setup and training, handed over for maintenance.
    • Dashboard creation: Project ends after delivery, handed over for updates and maintenance.
  4. Importance of Each Phase:
    • Initiating sets the foundation.
    • Planning ensures clarity and direction.
    • Executing involves managing and guiding the team.
    • Closing allows for reflection and communication of successes.

Next Steps:

  • Detailed exploration of each phase in the traditional project life cycle.