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The life cycle stages of a Project are:
- Initiating
- Planning
- Executing
- Monitoring & Controlling
- Closing
During the first of these phases, the initiation phase, the project objective or need is identified; this can be a business problem or opportunity. A feasibility study is conducted to investigate whether each option addresses the project objective and a final recommended solution is determined.
The next phase, the planning phase, is where the project solution is further developed in as much detail as possible and you plan the steps necessary to meet the project's objective. In this step, the team identifies all of the work to be done. The project's tasks and resource requirements are identified, along with the strategy for producing them. A project plan is created outlining the activities, tasks, dependencies and timeframes.
Execution process involves coordinating people and resources, as well as integrating and performing the activities of the project in accordance with the project management plan. The deliverables are produced as outputs from the processes performed as defined in the project management plan and other frameworks that might be applicable to the type of project at hand.
Monitoring and controlling consists of those processes performed to observe project execution so that potential problems can be identified in a timely manner and corrective action can be taken, when necessary, to control the execution of the project.
Closing includes the formal acceptance of the project deliverables.
For more details go through following book's chapter. http://www.mhprofessional.com/downloads/products/0071700439/0071700439_chap01.pdf
What else can I help you with?
What is project management life cycle?
The Project Management Life Cycle represents the development phases that a project can go through. An example would be Assess - Code - Test - Release It should not be confused with the Project Life Cycle.
What are the steps of the Project Life Cycle?
The steps of the Project Life Cycle includes five steps. These five steps are project initiation, project planning, development, implementation and project closure.
Which statements are true of the relationship between project life cycle stages and the phases in a project?
The starting, organizing and preparing, and closing project life cycle stages tend to have aligning phases. The stage of carrying out project work does not align with single phase. Many phases may occur during this stage, depending on the nature of the project The project life cycle is made up of all the project phases.
What are the phases in project life cycle?
InitiationPlanningExecutionMonitoring & ControllingClosing
Project management life cycle?
The Project Management Life Cycle is a structured framework that guides a project from start to finish, ensuring successful delivery. It includes five main phases: initiation, planning, execution, monitoring & controlling, and closure. In the initiation phase, the project's goals, scope, and feasibility are defined. The planning phase involves creating detailed timelines, budgets, resource allocations, and risk strategies. During execution, the project plan is put into action and deliverables are produced. Simultaneously, the monitoring and controlling phase ensures the project stays on track through performance measurement and necessary adjustments. Finally, the closure phase wraps up the project, delivering the final output and documenting key takeaways. This life cycle helps keep projects organized, efficient, and aligned with objectives.
What is project management life cycle?
The Project Management Life Cycle represents the development phases that a project can go through. An example would be Assess - Code - Test - Release It should not be confused with the Project Life Cycle.
Why a Project life Cycle has no end?
Unfortunately this is not true. Every project has an end and every project life cycle has an end too. The last phase of any projects life cycle is the project closure/closing phase where the project is wrapped up and closed.
What are the steps of the Project Life Cycle?
The steps of the Project Life Cycle includes five steps. These five steps are project initiation, project planning, development, implementation and project closure.
What is the difference between the project and appraisal?
The project life cycle differs by industry, organization, project type and encompasses sequential and overlapping phases. The product life cycle does not differ regardless of the type of product, has sequential but non-overlapping phases, and may include multiple project life cycles. Usually the project life cycle is wanted to be shorter but product life cycle longer.
How does a project life cycle differ from a product life cycle?
The product life cycle represents the amount of revenue a product generates over time, from its inception to the point where it is discontinued. A project life cycle measures the work that goes into a project from beginning to end. The phases in product life cycle are initiation, planning, execution, and closure.
Which statements are true of the relationship between project life cycle stages and the phases in a project?
The starting, organizing and preparing, and closing project life cycle stages tend to have aligning phases. The stage of carrying out project work does not align with single phase. Many phases may occur during this stage, depending on the nature of the project The project life cycle is made up of all the project phases.
Which statements are true of the relationship between project life cycle stages and phases in a project?
The starting, organizing and preparing, and closing project life cycle stages tend to have aligning phases. The stage of carrying out project work does not align with single phase. Many phases may occur during this stage, depending on the nature of the project The project life cycle is made up of all the project phases.
What are the phases in project life cycle?
InitiationPlanningExecutionMonitoring & ControllingClosing
At what point of a project life cycle does a project become officially sanctioned?
Closing stage
Project management life cycle?
The Project Management Life Cycle is a structured framework that guides a project from start to finish, ensuring successful delivery. It includes five main phases: initiation, planning, execution, monitoring & controlling, and closure. In the initiation phase, the project's goals, scope, and feasibility are defined. The planning phase involves creating detailed timelines, budgets, resource allocations, and risk strategies. During execution, the project plan is put into action and deliverables are produced. Simultaneously, the monitoring and controlling phase ensures the project stays on track through performance measurement and necessary adjustments. Finally, the closure phase wraps up the project, delivering the final output and documenting key takeaways. This life cycle helps keep projects organized, efficient, and aligned with objectives.
Which phase of project management life cycle requires the project manger to monitor the project progress?
evaluation phase
Which statements correctly describe the relationship between project life cycle stages and the phases in a project?
All the phases in a project make up its entire life cycle. The stage of carrying out project work does not align with a single phase. The stage of carrying out project work may be divided into many phases, depending on the nature of a project.
