Project Management Life Cycle

1218 Words Sep 9th, 2013 5 Pages
Project Management Life Cycle
Chi Zhang
Herzing University
MBA 631 Operations and Projects Management
Dr. Gary Hanney

Abstract
To control the process of a project and manage the operation of a project, the theory of project management life cycle is widely used in nowadays business administration. Treating the whole time dimension of the project as a life cycle, project management life cycle separates the project to some steps and uses checkpoint, milestone and base line to control the operation of the project. This article will be a general introduction of project management life cycle theory and will use an example to show the practice of project management life cycle in a real business project.
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For Instance, in urban construction industry, Morris Model is widely used in project management life cycle (Dong & Wang, 2010). Morris Model separates the project life cycle into four steps, which is same as general method. However, steps in Morris Model demonstrate the characters of urban construction industry: Feasibility step, urban planning and designing, building step and putting into use step (Dong & Wang, 2010).
The Ways to Evaluate and Control the Project
To ensure the project operating well and on time, the ways to evaluate and control are important. In current project management life cycle theory, three concepts are introduced to managers, which are used to evaluate the project operation.
(1) Checkpoint
Checkpoint is a specific time point. Managers will set up many checkpoints in each steps of project life cycle. Every checkpoint will have a specific time span with another one. Manager will compare the situation of project operation with project plan to check whether or not the project is on track. For example, when China Merchants Bank designed their new system, the manager of IT department set a checkpoint every two week to evaluate whether this employees finished their work as project plan that is 1000 lines computer programs per week.
(2) Milestone
Milestone is a specific time point, too. However, different with checkpoint, the project will be evaluated not only whether the time schedule is
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