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. .

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Project Resource Management is a process designed to use human and tangible assets, materials, and equipment efficiently and effectively. Since 2017, project resource management has focused not only on human resources, but also on the equipment, materials, and supplies. Read on for steps you can take to improve resource management on your projects!

2018 91

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 326

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. 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. . Project management life cycle phases.

Project Management Life Cycle-Iterative & Adaptive

iZenBridge

All projects across industries follow a life cycle approach. Often I have seen there are so many questions in mind for many PMP® aspirants on different types of life cycles. Why do we need anything other than predictive life cycle, which goes quite sequential and looks perfect? What these new life cycles do differently? In summary, in this life cycle, we can predict the full flow of work.

How to Make a Risk Management Plan

ProjectManager.com

You identify them, record them, monitor them and plan for them: risks are an inherent part of every project. Some risks are bound to become problem areas—like executing a project over the holidays and having to plan the project timeline around them. Identify Risks.

Risk 287

How to Make a Risk Management Plan

Wrike

As a project manager , planning is one of the most critical aspects of your job. While diligently planning for the milestones, project managers should also consider KPIs and outcomes that are vital to success. So, what exactly should you put in a project risk plan?

Risk 36

Risk Register Example – All You Need to Know About It

PM Basics

Risk Register is the most important document in the project management. Risk Register is a document that contains the information about identified risks, results of Risk Analysis (impact, probability, effects), as well as Risk Response Plans. Risk Category.

Risk 56

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Risk issues that can be identified early in the program, which will potentially impact the program later, termed Known Unknowns and can be alleviated with good risk management. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003.

Risk 35

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Risk Management is essential for development and production programs. Effective Risk Management 2nd Edition, Edmund Conrow, AIAA, 2003. Risk a Feelings,” George F. Hammonds, Risk Analysis 14.5

Risk 33

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 227

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway. The emerging risks that can be identified early in the project that impact the project later are often termed “known unknowns.”

2017 37

Stakeholder Engagement for Your Project Success

Epicflow Blog

The success of any project is dependent on a number of factors such as clear goals, realistic project schedule, budget, resource, risk, and uncertainty management. But the favorable outcome of a project is based not only on processes but also on people.

2020 61

Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Project Risk Management includes all the processes involved in risk identification, regulation, and mitigation on a project. The objective is to increase the likelihood of positive risks (opportunities) and decrease the likelihood of negative risks (threats). Risk factors – When looking at risks, one should determine. Expected time (when) in the project life cycle. Project manager’s role –.

2017 38

The PMO Game Changer: A Value-Driven Project Resource Management

The Lazy Project Manager

What is a Value-Driven Project Resource Management? Project resource management by PMO has changed significantly in the last 20 years. It is no more a mere spreadsheet for allocating resources to the projects and plug the holes. 1 Reduce Overall Project Resource Cost by 10-30 %.

2021 246

9 Types of Artifacts in Project Management

Girl'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 330

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. Don’t Ignore the Risks.

2021 95

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 325

Fighting Uncertainty in Project Management: Arm Yourself with the Right Tool

Epicflow Blog

In project management, even if you’re a talented and experienced project manager, you definitely know you can’t control everything. Making decisions in an uncertain environment is an essential part of not only a project manager’s work, but also the project team’s duties.

2020 69

Project Communication Plan Template [Free Download]

Girl's Guide to PM

It’s a project communication plan template, but it focuses on the summary milestones to hit during the project life cycle. It’s not pages and pages of your approach to a project communications strategy. Things you might include through the life of your project are: Steering Group or Project Board briefings. Project newsletters. Pieces for the intranet, or a reminder to update your project intranet/social network page.

2016 292

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

What Is the Project Management Life Cycle?

ProjectManager.com

What is the project life cycle? It’s everything the project goes through, from inception to close. Each step in the project management life cycle, which consists of distinct phases used in traditional project management, is explained in this post.

2019 282

Benefits Realization Management for Projects

MPUG

Two project managers are shortlisted to manage the project. The other project manager informs that with the Smart Website the following will occur: A 50% reduction in response time for prospective buyers. However, in this article, our focus will be on projects.

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. Develop Project Charter.

What is Project Time Management?

ProProfs Project Management

Project time management refers to skills, tools, and techniques, which businesses use to manage time while working on project activities. Time’ and ‘Deliverables’ are the two major factors that you need to take care of during the project life cycle.

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

Business Leadership for IT Projects

Girl's Guide to PM

Before I’d got far reading Gary Lloyd’s Business Leadership for IT Projects I realized he was offering a critical assessment on the Standish report on project failure – thankfully. So: business team managers, project and product owners and sponsors.

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? This is normal operational procedure for any project manager.

2018 260

The Complete Glossary of 614 Project Management Terms

Workamajig

Project management terminology can be complicated. It doesn’t matter whether you’re working towards your PMP certification or simply managing projects casually in your organization, knowing core project management terms always helps. All Project Management Terms.

2021 78

Understanding the Monte Carlo Analysis in Project Management

ProProfs Project Management

A good plan can help you in risk analysis, but it can not guarantee that your project will run smoothly. If you are associated with any stage of software project development life cycle, you most probably agree with this quote. Better risk quantification.

Project Management Process: The Basics

Clarizen

While it is a safe bet that Mr. Deming was not specifically or exclusively referring to the overall project management process, his wise advice – or if you wish, his stark warning – certainly applies. Project Management Process Groups. Project Management Process Flow.

2021 90

Agile for Fast-Growing Start-Ups: 10 Benefits Explained

Proofhub

The Agile methodology helps you break down each component of your project and speed up the process without compromising the quality. Run your startup smoothly by bringing your teams, tasks and projects under one roof. Reduced Risk Startups work on limited resources with very high risk.

2021 91

12 Key Project Management Principles & How to Use Them

ProjectManager.com

The phrase “project management” is a simple description of a complex activity. Before you can even plan the project, you must get it approved by stakeholders and sponsors. Next, you need to assemble a team to accomplish those tasks, and you must monitor their progress and report back on it to the project executives. We haven’t even mentioned the tools you’ll use to manage all the project variables. That is project failure. Life Cycle Principle.

2018 295

Introducing the PRINCE2 Principles

Project Health Check

PRINCE2 is a popular UK Project Management methodology, that continues to gain traction in other locations around the world. Now managed by Axelos, it is part of a comprehensive and integrated best practice suite along side other methodologies such as Management of Risk (M_o_R) and Managing Successful Programmes (MSP). Then there is the PRINCE2 "Processes", equivalent to the PMBOK "Process Groups" - essentially the flow of phases throughout the Project Life cycle.

Project Initiation: How to Start Your Project Off Right

ProjectManager.com

Great projects often start with great hopes and expectations. But if a project isn’t initiated correctly, then those hopes and expectations aren’t anchored in a solid foundation, and your project can drift off course and head for disaster. You must anchor your project at the outset by providing it with structure. Ideas are plentiful but having a project plan and executing it will help actualize those hopes and ideas. What Is Project Initiation?

Review Engaging stakeholders on projects

Henny Portman

In the stakeholder life cycle you see the following four steps: identification, early engagement, mature engagement and dissolution. . Special attention has been given how to make the best of your relationship with your project sponsor, and engagement in a crisis.

2020 90

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 372