Vulnerability of Project Management Life Cycle (Pmlc) Model

A project management life cycle (PMLC) model is a sequence that is made up by the five process groups - Scoping, Planning, Launching, Monitoring & Control and Closing, and it’s used for achieving the goal of a project. In handling a project using a PMLC model, the entire process group must be present at least once in a sequence, and any or all of the process groups, may be repeated as required (Wysocki, 2009:299). To be analysed comparatively here are two different type of PMLC model- Adaptive PMLC model and Extreme PMLC model. An Adaptive PMLC model is an Agile Project Management (APM) model which consists of a number of phases that are repeated in cycles between the scoping and closing process groups, with a feedback loop after each

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

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

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

Project Integration Management | Expert Judgment|-PM Plan is Formal, single document, approved (becomes officially the project plan. It defines how project is executed and controlled. Scope, schedule, and Cost, Change, and Configuration Management plans are created in this process and are part of the PM plan- Scope Management plan is developed here as well.|

Quality metrics are very important components of any project process. In essence, the metrics are important indicators of the overall progression of a project. Using the quality metrics, it is much easier to establish the proper corrective steps needed to be taken for a project. The Pizza Delivered Quickly case study made up of several phases that have been subsequently subdivided into six subsystems. There for, the overarching efficiency of this project is reliant on the integration of very important quality metrics. This type of a framework will facilitate for the project assessment and also it’s positioning towards the primary organizational goal of improving performance. All the subsystems of PDQ can profit greatly from the PMLC models. The logistics subsystem can be trimmed greatly by using the agile project management methodology. In addition, PMLC models like the traditional approach can be interspersed into all phases of the whole PDQ project. Quality metrics are very important barometers, which can be used to trim the capability of the new computer systems for PDQ. The aforementioned conditions form a crucial aspect of analysis in this case study. The analysis also centers on the materialization of the trigger results and the pertinent PMLC models for multiple projects in the case study.

Risk is defined as an event that has a probability of occurring, and could have either a positive or negative impact to a project should that risk occur. Project managers should keep a watchful eye on all of the project 's risks as they have a direct impact on a project’s cost, schedule, and performance. All projects assume some element of risk, and it’s through risk management where tools and techniques are applied to monitor and track those events that have the potential to impact the outcome of a project.

In the second topic, is how to make a good control over the processes throughout the project, here we mainly have 2 models with which we can support, the first is the PDCA model, PDCA means Plan Do Check Act approach, another model what is the SIPOC Means supplier-input-process-output-customer which works with flows from the supplier in the project to the customer.

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 addition to reading the course notes, I also looked at what APMBOK (Association for Project Management, Body of Knowledge 2009, 6th Edition, UK) said about this critical area of Project Management. Additionally, I researched what my Company does to maximize their effectiveness in this area by studying their attitude towards Risk Management throughout the complete life-cycle of a project, and finally I drew from my own knowledge and experiences in this critical area.

The completion of any project depends on the execution of various parameters mostly set at the beginning of the project. In order to complete the project to satisfactory levels, the project must be completed within the stipulated timelines, fall within the approximate budget and be of the required quality standards. However, most of the projects are affected by adverse changes and unforeseen events that occur during the execution period. Research shows that the magnitude of change is dependent on the size of the project, with large projects experiencing more uncertainties due to several factors including; planning and design complexity, interest groups having deferring opinions, resource availability, Economic and political climate and statutory regulations, which may necessitate change of plan. Most of the uncertainties are known to occur in the concept phase and if not intervened, they may affect the entire project. The burden falls on the management of such risk as some managers choose to ignore the uncertainties since they call for additional costs. Other inherent risks may go unnoticed and therefore remain unsolved,

The Project Management Plan (PMP) provides the general overview and establishes specific strategies and milestones for the preparation of study notes and delivery of presentation on the topic “Developing the Project Team “. The PMP will define the project 's requirements and expectations. This document will be updated as required, if there is any change in the subsidiary management plans.

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.

Projects have a defined start point, a single definable purpose and a well- defined end state