Project Project Management Life Cycle - 1221 Words

Project Life Cycle Project Initiation, Project Planning, Project Execution and Project Termination are the four general areas of the project management life cycle. Before defining the project management life cycle one must first understand what a project is. â€Å"A project is a temporary endeavor undertaken to create a unique product, service, or result.† (PMI 2013, p. 3). There are companies and organizations that break down all undertakings to projects; however, it must be identified that although management of any set of tasks is required routine tasks that happen continually are processes not projects. Additionally it must be realized that projects have a clear start and end stage, whereas a process will continue beyond the project end into the product life cycle phase. It is also important to note although a project itself will begin and take form during the first project initiation stage that the initial project incubation and feasibility is the predecessor to the life cycle of the p roject. (Archibald, Filippo, Filippo 2013). Though simple project will have a single phase project life cycle such as shown in figure 1, more complex projects will have multiple phase project life cycles as shown in figure 2. Figure 1. The Project Life Cycle was adapted from The project management life cycle by J. Westland, 2006, London, U.K.: Kogan Page. Figure 2. Multiple phase project life cycles was adapted from PMBOK Guide (5th ed.) by Project Management Institute, 2013,Show MoreRelatedProject Management And The Project Life Cycle Essay1881 Words   |  8 PagesWhen considering project management and the project life cycle, the process of identifying risks that could have a positive or negative effect on the outcome of a particular project should be considered. All project managers and project teams need to have a good understanding and knowledge of these possible risks in order to plan ahead and increase the chance of project success. This paper discusses the process of risk identification, evaluation, and management in a project and demonstrates why thisRead MoreProject Management Life Cycle1218 Words   |  5 Pagesï » ¿ Project Management Life Cycle Chi Zhang Herzing University MBA 631 Operations and Projects Management Dr. Gary Hanney Abstract To control the process of a project and manage the operation of a project, the theory of project management life cycle is widely used in nowadays business administration. 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It is used in a project where the goal and solution are clearly defined and there will be no need for many scope change requests, such project is usually repetitive and routine. Examples of such project is the productionRead MoreVulnerability of Project Management Life Cycle (Pmlc) Model1366 Words   |  6 PagesTraditional Project Management (TPM) method, it consist of the five process group, each performed once in the sequence: Scoping Planning Launching Monitoring and Controlling Closing. The final deliverable is not released until the closing process group is executed. (Wysocki, 2009:345). It is used in a project where the goal and solution are clearly defined and there will be no need for many scope change requests, such project is usually repetitive and routine. Examples o f such project is the productionRead MoreProject Management Paper-Mgt 4371100 Words   |  5 PagesProject Management Paper Manuel Angel Cortez University of Phoenix Project Management Paper Organizations leaders are facing difficult challenges because of the rapid changes in government and technology, which has created pressure in organizations. The aforementioned changes have made way for a new type of management; project management, far different from the traditional structure for managing. This document will describe the definition of a project. The paper will also touch basis on the