What is Project Life Cycle and What Are its Phases

ProProfs Project Management

As project managers and even as team members of a project, we all know that leadership and management is a field on its own, even referred to as a scientific field. . You’ve probably heard about the project life cycle, and here we’ll be taking a closer look at this topic. .

Back to Basics: A Master Class on the 4 Phases of the Project Life Cycle

Planio

But every project–from redesigning a website to building the Colossus of Rhodes–follows the same four phases of the project life cycle : Initiation. The project life cycle is the ultimate guide to take you from idea to finished product.

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Why the Professional Services Project Life Cycle Needs More Focus on Collaboration

MavenLink

The standard project life cycle has been used by countless companies to manage their business processes for many years despite the growing complexities surrounding project management. What are the Phases in the Professional Services Project Life Cycle?

What is the Project Life Cycle and How to Use It Better?

Workamajig

The project life cycle describes the stages a project goes through as it progresses from start to finish. A well-defined life cycle brings order and structure to the project. This article will demystify the project management life cycle and help you run better projects. Few things in project management are more hotly debated than this: The project life cycle. Professional Services Life cycle.

Everything You Need To Know About the 4 Phases of a Project Life Cycle

Teamweek

When a project begins, the amount of planning, preparation, and work required to complete it can be overwhelming. A break in the chain can compromise the entire project. This is why experienced project managers divide their projects into four phases that simplify and add structure to the process. Understanding what each one consists of and how one flows logically into the other will help you keep your project organized from concept to completion.

A Step-By-Step Guide to Improving Your Resource Management

The IIL Blog

Project Managers and their teams carry out planned projects on a daily basis, such as the development of new applications. To be successful, they must be able to evaluate and allocate resources necessary to complete deliverables on time, with quality, and without exceeding the budget. However, there are a lot of challenges, many of which arise because of limitations in current processes and tools, which impede success. A project can bring about change in the workplace.

2018 97

Project Evaluation Process: Definition, Methods & Steps

ProjectManager.com

Managing a project is a very challenging, but project evaluation makes it easier. Everything starts with careful planning, which sets the stage for the execution phase where estimations, plans and schedules guide the project team as they complete tasks and deliverables.

2022 311

How to Master the 5 Phases of the Project Management Life Cycle

Wrike

Every project your team works on feels drastically different. But, those varying projects have more in common than you might think. They all have a beginning, middle, and end that follow a repeatable process. So how can you make the most of this consistent sequence and nail each and every stage, regardless of the specifics of your project? Let’s explore the typical project management life cycle and how you and your team can maximize each phase for a killer project. .

Four Steps to Breathe Life Back into a Dying Project

Clarizen

While it is obviously a last resort, there are times when it’s necessary to gracefully kill a project vs. allow it to continue its terrifying one way journey towards oblivion. However, well before that becomes a possibility, project managers need to pull out the jaws of life, grab a defibrillator, and administer some CPR — because if the project management gods are on their side, they’ll be able to breathe life back into a dying project.

2018 78

Project Management Process & Phases

ProProfs Project Management

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. Project closeout.

Project Budgets: Tips for Estimating & Cost Tracking – Clarizen

Planview

Effective project budget tracking is essential to ensure that project costs do not spiral out of control — and potentially threaten project success. One of the most difficult tasks in project management is cost tracking and staying on top of project expenses.

How to Improve Your Project Evaluation Process

ProProfs Project Management

No matter if you are a solopreneur who has just ventured into the business world, or the owner of a multi-million-dollar company, you need to diligently track how your business manages projects. . Moreover, with all the data at hand, you can look forward to nailing future projects. .

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. What are the process groups of PMBOK?

Product Manager vs Project Manager – What’s the Difference?

ProjectManager.com

Product Manager vs Project Manager. While both are leadership roles and the titles are similar, there’s a difference between a product manager and a project manager as Jennifer Bridges, PMP, explains. What Is a Project Manager? Project Manager Responsibilities.

2021 355

How To Create A Simple Project Plan (Project Planning Process)

PM Basics

Let me put this straight: Project planning is a challenging and complex activity. You need to apply knowledge and skills from all aspects of project management. Nevertheless, project planning is a structured and logical process. It’s a step by step guide to project planning. For me, planning is one of the most exciting parts of the project management. At each moment of the process, you’re in need of information that you don’t have yet.

Project Documentation: 10 Essential Project Documents

ProjectManager.com

Project managers know the importance of having project documentation. Project documents must be accurate and constantly updated to keep current with the project. What Is Project Documentation? Project Documentation By Project Phase. Project Plan.

2022 323

Have You Left Anything Out of Your Project Management Plan?

Project Risk Coach

Have you left anything out of your project management plan? Check out this checklist to help you identify the baselines and plans that will be most helpful to each of your projects. As I define a project management plan, I strive for clarity, brevity, and simplicity.

2021 318

10 Strategies for Successful Project Execution

ProjectManager.com

Is your organization failing to close the gaps between strategy and project execution? Let’s review strategies and tools you can use, and learn how they can help you close that gap to promote successful project execution. What is Project Execution? Following processes.

How to Cash In on Project Opportunities

Project Risk Coach

Some project managers have a defensive mindset. Let's increase our chance of success by seizing project opportunities too. To enhance an opportunity means: a) The opportunity is escalated to the project sponsor. Include your definitions and processes in your risk management plan.

2021 307

In-Depth Overview Of 5 Phases of Project Management Life Cycle

nTask

Regardless of the scope of your industry or the company you are working in, having an understanding of the project management cycle is a must. When managing a project, you have to ensure the successful accomplishment of each task on time. What Is Project Life Cycle?

2021 131

Identifying and Overcoming Resource Constraints in Project Management

ProjectManager.com

Resources are what you need to execute your project plan—people, equipment and materials. Managing those resources is part of how you deliver a successful project. Each task in your project plan will have project resources like people, time and a budget attached.

2021 283

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

It’s not easy for construction companies to make accurate budget forecasts. But creating a detailed budget is key to successful construction project management. One way to control your project billing is by defining the hard costs vs soft costs on a construction project.

Have You Left Anything Out of Your Project Plan?

Project Risk Coach

The Project Plan Checklist Have you left anything out of your project plan? Check out this project plan checklist to help you identify the baselines and plans that will be most helpful to each of your projects. I like to keep my project plans as simple as possible. For many project plans, I will only have three or four of the items in this checklist. Project Plan Checklist. Cost Baseline – approved version of the project budget.

2016 224

How to Write a Business Case (Template Included)

ProjectManager.com

A business case is a project management document that explains how the benefits of a project overweigh its costs and why it should be executed. Once your business case is approved by the project stakeholders, you can begin the project planning phase. Project Definition.

2022 311

How to Make a Quality Management Plan

ProjectManager.com

You got the project delivered on time and within budget, but your stakeholder deems the project a failure. Quality might be the unsung hero of project management, and quality management is the methodology to keep your project delivering at the highest level.

2020 279

9 Types of Artifacts in Project Management

Rebel’s Guide to PM

In this article we’ll look at the types of artifacts in project management, typical documents for each type. There’s also a checklist of project artifacts by phase at the end, which you can use as an aide-memoire for creating your own documentation. The project deliverable is a new app.

2021 393

9 Essential Excel Spreadsheets for Tracking Tasks, Costs and Time

ProjectManager.com

Finally, there’s a cost bar chart to help you stay on budget. Project management software automates that process. Budget Spreadsheet for Cost Tracking. The budget defines the costs of the resources you’ll employ to deliver those tasks to completion.

2022 284

What Is a Project Deliverable? Definition, Examples & More

ProjectManager.com

Projects create deliverables, which are simply the results of the project or the processes in the project. That means a deliverable can be something as big as the objective of the project itself or the reporting that is part of the larger project.

2020 368

Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

Before you’re able to analyze the risk in your project, you have to acknowledge that risk is going to happen in your project. By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project.

Risk 368

Project Selection: Use These 8 Selection Methods for Better Strategic Results

ProjectManager.com

Projects need management. Much of the focus of project management is obviously on methodologies that keep your project on time and within budget. That’s where project selection comes in. What is Project Selection? The Project Selection Process.

2022 274

Project Integration Management – A Quick Guide

ProjectManager.com

Managing a project can be complicated, especially when different departments have to work together. As each department works on a project, each one likely uses a methodology that they’re most comfortable with to provide them with the results they want. This can make project collaboration between departments difficult, due to differences in process and methodology. What Is Project Integration Management? How to Implement Project Integration Management.

2018 224

20 Things For Your Project Management Plan [With 3 Free Templates]

Rebel’s Guide to PM

Your project management plan is more than just a schedule of work. A project management plan is a document that sets out how you are going to do what you’re going to do. It’s a guide to how the project will be managed. So what does go in the project management plan ?

2022 253

What Is Work Management? How to Manage Work for Your Team

ProjectManager.com

Project management spends a lot of time on the work that must happen before any project can be executed. Researching the feasibility of the project, planning for its success, scheduling tasks, organizing resources and building a budget are all important.

2020 353

How to Actually Develop a Project Management Plan

Project Risk Coach

If this is true, why is it that some project managers put so little time in developing a project management plan? One of the reasons is that project managers may not know what to include. I’ve developed this checklist to help you develop your project management plan including baselines, subsidiary plans, and ancillary plans. Every project is different. Select only the planning elements that are appropriate for the size and complexity of your projects.

2018 197

Project Time Management: Strategies, Tips & Tools

ProjectManager.com

Time is not on your side when it comes to project management. While project managers haven’t figured out how to bend time and space to their bidding, there are time management techniques that you can use to manage the time you spend on tasks. What Is Project Time Management?

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

What Is a Project Management Methodology? A project management methodology is a set of principles, tools and techniques that are used to plan, execute and manage projects. There are many different project management methodologies, and they all have pros and cons.

2021 399

How to Create a Project Execution Plan (PEP) – Free Template Included

ProjectManager.com

Coming up with a great idea is only the beginning: t o realize it, you need a project execution plan (PEP). A project execution plan is a document for executing projects that helps you strategize, come up with project management processes and put the whole thing into action.

2022 292

Project Management Planning Phase: Best Practices

Clarizen

Ask a project manager which project management planning phase in the project life cycle is the most important, and they might say something like “the phase my project is in right now.” approach for your next project.

How to Write a Business Case

ProjectManager.com

The need for a business case is that it collects the proposal, outline, strategy and marketing plan in one document and offers a full look at how the project will benefit the organization. Projects fail without having a solid business case to rest on.

2019 393

Why Is Project Management Important and Its Advantages

ProProfs Project Management

Project management doesn’t seem important when you evaluate it on paper, but it has a directly proportional relationship with business growth. . It’s no brainer that when you manage in-house or clients’ projects appropriately, you enjoy amazing brand equity and economic benefits.