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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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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. PRINCE2® encourages you to dig into lessons learned all through the project life cycle to help you make better choices.

Prince2 358
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The Growth in Importance of Project Value

The IIL Blog

November 15, 2023 All management disciplines, project management included, contain words and expressions that have meanings susceptible to change over time. VE and VA were still being reported on some projects. EVMS is still being used, especially on government projects. Value is being defined by the customer.

2023 158
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What is ROM and how to calculate it (with example)

Rebel’s Guide to PM

Break the project work into chunks. Your PMO might have definitions for each of those to help you define and refine your estimates at the early stages of the project. When to revise the ROM estimate The rough cost estimate is not designed to last for the whole project life cycle. How do you define ROM?

Estimate 285
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Project Artifacts and How to Use Them

Rebel’s Guide to PM

In project management, artifacts relate to documents, templates, outputs or a specific deliverable. Mostly, the term refers to the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document. Documents are documents.

Logistics 258
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A Beginner’s Guide to Understanding Earned Value Management

MPUG

Air Force defined the criteria for their acquisition projects which included the basic concepts of EVM. When EVM is applied properly and consistently, it takes the guesswork out of estimating project progress and performance. In 1965, the U.S. So, let us review the basic principles of EVM.

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Project Management Artifacts: Essential Tools to Enhance Project Management

Project Pulse Journal

Review this brief guide to help you overcome this and learn more about how to effectively use models, techniques, and artifacts to accomplish your project endeavors, increase productivity, and eventually succeed in your project. Models, methods, and artifacts collectively support good project management practices.