Project Management Life Cycle

Project management (PM) system processes are essential for successful performance within an organization. ?Successful performance leads to customer delight, although insured, is totally possible through proper application and quantifiable control of project management processes?, (Akkiraju, n.d., p. 2). Project management involves components that PM mangers follow when preparing to enter into a venture. The PM use planning, hazard management, execution management, change

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

It 's important to say that for more fickle projects, auxiliary frameworks exist for thoughts regarding project management, particularly the spiral model (Melonfire, 2006). The Spiral Life Cycle Model is a kind of iterative software development model which is normally put into practice in extreme risk projects ("Spiral," n.d.). In this system development method the aspects of both, waterfall model and prototype model are united. In the spiral development model the activities can be arranged in the form of a spiral ("Spiral," n.d.).

Project management is short term; it has a beginning, an end, and has identified steps to take throughout the process. The steps of project management are as follows: proposal, initial investigation, detailed investigation, development and testing, trial, operation and closure, as well as, the evaluation. There are measurable benefits to using project management within an organization for certain key objectives or processes that need

Projects are used today as a way of achieving a variety of outcomes in local or international locations for new constructions, new product development, product improvement, process design, process improvement, utility installation, theory and technology development, and many more. Bringing a project to a successful conclusion requires the integration of numerous management functions like controlling, directing, team building, communication and others. It also requires cost and schedule management, technical and risk management, conflict and stakeholder 's management, and life cycle management.

Project Management Institute. (2000). _A Guide to the Project Management Body of Knowledge (4th ed.)._

Week 1 Project Definition PROJ 430 Week 2 Checkpoint Assignment PROJ 430 Week 2 DQ 1 The Project Kick-Off PROJ 430 Week 2 DQ 2 Project Planning Documents PROJ 430 Week 2 Project Organization, Deliverables, and Milestones PROJ 430 Week 3 Checkpoint Assignment PROJ 430

The process of Project Management is very detailed – there are multiple phases to properly manage the project (e.g., project plan, schedule, communication plan, risk management plan, and

The project life cycle consists of the conceptualization phase, the planning phase, the execution phase, and the termination phase.

Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.

In this stage, whatever comes out from plan phase get executed and the project work gets complete. Most of the time and depend on the project type, this is the longest

Several adaptations to the traditional approaches like agile, interactive, phased, extreme, etc have been made but each will be expected to meet the requirements of the project objectives, timeline, resources, and deliveries of the stakeholders. Other industry standard certifications like ISO9000 and regulations like the Sarbanes-Oxley have also influenced methodologies and processes used by several organisations (Kerzner, 2003). Generally, managing projects should involved five major process which include the project initiation, planning, execution, monitoring and controlling, and then project closing. See Fig. 2 below.

c After the acceptance of all stakeholders is achieved, actual growth begins and a project management methodology needs to be selected based on the major areas seeking improvement. A project tracking and monitoring system has to be in place for improved estimation of project life-cycle.

In order to achieve their business objective, project management and the used methodology are key factor which will be responsible for the success or failure of this project.

It will also detail what milestones must be met to be able to successfully coordinate effort within the project timeline and meet the inauguration date as planned, without the milling of any other milestones nor the compromising of any nor all deliverables. Finally, it ensures the appropriate risk mitigation is in place to meet the final deliverables and the timeline requirements within every project phase.