Project Projects : Life Cycle

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

A project must have a beginning and an end. A project reaches its end when either, objectives of the project have been reached, it has been established that the project’s objectives cannot or will not be reached, or the project is no longer needed and is

Evaluate the importance of understanding the various stages of the project life cycle and its possible contributions to a project.

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.).

All projects are defined by the purpose, objectives and deliverables. Properly defining these, as well as the other aspects of the project management plan will

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.

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

In this paper, I, a student of University of Phoenix will explain and discuss project management. I will address three main points. I will first answer what is a project. Secondly, I will discuss what are the basic phases of the project lifecycle and their purpose. Finally, I will explain why it 's important for organizations to use project management to accomplish tasks.

Understanding the project lifecycle is important because it is the base of all project management. You take one phase out and the project will fail. You cannot start a project without a good scope, or blueprint. The project lifecycle is set up so that you cannot move on to the next stage in the cycle without going through the previous stage. I also want to mention the termination phase. This is where you terminate the project and put together a document that explains the delays and fixes that helped the project come to fruition.

(Project definition: Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations)

The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and

Project may not necessary produce the results that you want. It is often done through trial and error to see if it can be improved to ultimately get the results. However, due to limited resources, sometimes a project is given up or unable to be continued. As surveys shows, many successful entrepreneurs do not actually plan ahead and formalize a plan for a new venture. It is done through whatever resources may be available to them and utilise them fully.

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.

ABC Technologies is a fast growing computer hardware and network re-seller in Sri Lanka. Due to the expansion in business in recent years ABC has decided to implement Sage Accpac ERP system within the organization. ERP system consultants for the project will be XYZ Solutions.

This Project Schedule will follow a suitable schedule and phases of a project based from the recommendations for a project plan by Harvard Business Review in their 2016 article, The Four Phases of Project Management. These include Planning, Build Up, Implementation and Closeout. Following is