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What is Project Life Cycle and What Are its Phases

ProProfs Project Management

You’ve probably heard about the project life cycle, and here we’ll be taking a closer look at this topic. . What is Project Life Cycle. Right from smaller investments to multi-million dollar projects, it requires specific and strict plans that everyone in the team should stick to. .

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Understanding the Organizational Governance System as Project Managers

Project Pulse Journal

Is it challenging to navigate the complex landscape of project governance frameworks? Many organizations face similar challenges in ensuring projects deliver tangible value while staying aligned with strategic priorities. Ready to take your project management efforts to the next level?

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PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

The History of PRINCE2® PRINCE2® is part of the best practice guidance that came out of the UK Office of Government Commerce. It started life as the PROMPT methodology, created in a private UK company back in the 1970s. You should look at what happened on past projects because that helps mitigate risk on your current project.

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The Road to Effective Project Management Governance

Project-Management.pm

What really is project management governance? With countless articles and books in the business spectrum conveying such practice, project management governance is in the sense, subjective. In other words, a person left on his or her own device of his or her definitive understanding of governance as a whole.

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The Growth in Importance of Project Value

The IIL Blog

On the other hand, the term “project value” has had multiple interpretations based upon the type of project, when in the project life cycle the term is used, and who is using the term. The importance of understanding value appeared several decades ago in articles discussing systems engineering activities.

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Top 10 Project Management Methodologies – An Overview

ProjectManager.com

Scrum works within an agile project management framework, though there have been attempts to scale Scrum to fit larger organizations. The term scrum was introduced in a “Harvard Business Review” article from 1986 by Hirotaka Takeuchi and Ikujiro Nonaka. It was initially created by the UK government for IT projects.

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Back to Basics: What is the Difference between Process Groups and Phases?

MPUG

I was lucky that the internet was still in its infancy at that time, and I didn’t have to learn project management through dubious resources. Today, the internet is full of articles that define the five phases of overall project management as Initiation, Planning, Execution, Monitoring and Controlling (M&C), and Closing.