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Mastering the project life cycle: Your complete guide (+ examples)

Resource Guru

The project life cycle , just like a good story, has a beginning, a middle, and (hopefully) a happy end. The beginning involves the ever-so-important planning; then comes the middle, where teams complete various tasks to move the project closer to completion; and finally, an end to review what went well and what didn’t.

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Mastering PMI-RMP Domains, Tasks, and Enablers for Effective Risk Management

Project Risk Coach

It involves identifying potential risks that could impact the success of a project and developing strategies to manage those risks. By identifying and addressing potential threats and opportunities early on in the project life cycle, project managers can reduce the negative impacts and increase the positive impacts on project outcomes.

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PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

A British government agency, the Central Computer and Telecommunications Agency, licensed it for use in government IT projects back in 1979. The most recent major update came in 2023. You should look at what happened on past projects because that helps mitigate risk on your current project. It was renamed PRINCE.

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Demystifying the PMBOK Process Groups

Wrike

Generally speaking, projects require five process groups — initiating, planning, executing, monitoring and controlling, and closing. These are known as the PMBOK (Project Management Body of Knowledge) process groups. The sixth edition of this guide was released in 2017, and the seventh edition is expected in 2023. .

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Monitoring and Controlling Projects: A "How to" Guide

Project Pulse Journal

How to Execute Data Dive: Identify Key Metrics: Determine which metrics are essential for your project. These include cost metrics, schedule tracking, resource allocation, and deliverable status along the project life cycle. Examples are Asana, Wrike, MS Project, etc. Project Management Institute.

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Project Executing: A "How to" Guide

Project Pulse Journal

Within this project life cycle phase, the deliverables are physically built and presented to the customer/client for approval. Key components include: Directing and managing project work (on time, within scope and budget). It is wise for the project manager to check on risk management regularly. Michalaka, D., &

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Agency operations: A 5-step framework for running a successful agency

Resource Guru

The processes agency operations create are the foundation project management sits on top of. A 2023 digital agency report by Promethean stated competition among agencies is playing a role in the downward pressure on profit margins, meaning “shops are going to have to increase their level of sophistication to compete successfully.