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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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Project Documentation: 10 Essential Project Documents

ProjectManager.com

Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start? This guide will define what project documentation is, why it is important and what are the top 10 project documents that you should always create to plan and execute your projects.

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12 Free Project Planning Templates for Excel and Word

ProjectManager.com

Even if you’re using project management software, project planning templates can help you with everything from decision making, such as with our free RACI matrix template, to identifying project deliverables, with our free work breakdown structure template. Project Plan Template A project plan is a big endeavor.

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

ProjectManager.com

However, it doesn’t consider the time value of money nor benefits accrued after the payback period or risk inherent in the project. Net present value is the difference between the current value of cash inflow and the current value of cash outflow in the project. Opportunity Cost. Net Present Value. Linear Programming.

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What is project scope? (Plus 7 steps to help you define project scope)

Resource Guru

Project scope is the project manager’s best friend. It’s what we lean on throughout the project life cycle. It keeps us on the straight and narrow all the way to project success. We might think that “oh, I don’t need a project scope, I’ve done thousands of projects like this!”.

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Project Resource Management: The Ultimate Guide on How to Master It

Rebel’s Guide to PM

Therefore, project resource management is a continuous process, and by implementing the right solution, you can take preventive measures to meet the overall objectives. What are the types of resources used in projects? Efficient project resource management also ensures maximum billable resource utilization for profitability.

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What is Project Management

MPUG

The PMI also notes that a project is typically different from ongoing operations or business as usual and that it requires the coordination of various resources and activities in order to achieve its objectives. From start to finish, a project usually goes through 5 phases, called the Project Life Cycle.