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This Work Is Licensed Under A License (CC-BY) - Chapter 3: The Project Life Cycle

The document discusses the typical project life cycle which consists of four phases: initiation, planning, implementation, and closing. In the initiation phase the project is defined and resources are approved. The planning phase involves defining deliverables, work breakdown structures, and plans. During implementation the project work is executed and monitored for changes. Finally, in the closing phase reporting is done, lessons are learned, and the project is celebrated upon completion.

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Ron Eslabon
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12 views8 pages

This Work Is Licensed Under A License (CC-BY) - Chapter 3: The Project Life Cycle

The document discusses the typical project life cycle which consists of four phases: initiation, planning, implementation, and closing. In the initiation phase the project is defined and resources are approved. The planning phase involves defining deliverables, work breakdown structures, and plans. During implementation the project work is executed and monitored for changes. Finally, in the closing phase reporting is done, lessons are learned, and the project is celebrated upon completion.

Uploaded by

Ron Eslabon
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

The Project Life

Cycle

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). Chapter 3: The Project Life Cycle
Phases of a project
• Initiation
• Planning
• Implementation
• Closing

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). 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

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). 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

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). 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

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). Chapter 3: The Project Life Cycle
Closing phase
• Reporting
• Closing out procurements—final payments
• Identify lessons learned
• Celebrate

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). Chapter 3: The Project Life Cycle
Summary
• Project Phases
• Initiation
• Planning
• Implementation (Execution)
• Closing

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). Chapter 3: The Project Life Cycle
Questions?

This work is licensed under a Project Management


Creative Commons Attribution 3.0 Unported License (CC-BY). Chapter 3: The Project Life Cycle

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