Project their right task according to their

    Project Life Cycle

 

The Project Life Cycle

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It is Special Technique which involves all  phases, activities & tasks related to a Project’s
completion. Almost every organization or company finds it useful to use Project
Life Cycle as the basis for creating & finishing their projects. A Project
life cycle figures out that projects have limited resources, skill & scope  and that there are some possibility of
increments towards Project and concentrate over the Completely finished Project
by considering all related processes, procedures, activities etc. in a well-organized
order.

 

Characteristics of Project Life Cycle

 

·        
Identify
a well-defined beginning and the end with

·        
Collaborates
the all liked operations & finds organization for Project

·        
Allows
phase overlapping

·        
Identifies
the required Technology

·        
Allocation
of staff to their right task according to their skill

·        
Cost
estimation at each phase

·        
Ensures
the Risk Management process for the Project

·        
Finds
the capabilities of the stakeholders to influence the project’s application,
scope & other reliabilities.

·        
cost
is higher in the beginning and gets progressively lower as project continue

·        
Identifies
the repair-cost at each phase of Project development

 

There are a number of different life-cycle models in
project management literature. Many are unique to a specific industry or type of
project. For example, a new software development project may consist of five phases:
definition, design, code, integration/test, and maintenance. A generic cycle is
depicted in Figure 1.1. The project life cycle typically passes sequentially
through four stages: defining, planning, executing, and delivering. The starting
point begins the moment the project is given the go-ahead. Project effort
starts slowly, builds to a peak, and

then declines to delivery of the project to the customer.

1.   
Defining
stage:  Specifications of the project are defined; project
objectives are established;  

                            teams are formed; major responsibilities are assigned.

2.   
Planning
stage: The level of effort increases, and plans
are developed to determine what the 

                            project will entail, when it will be scheduled, whom it
will benefit, what quality  

                                        level
should be maintained, and what the budget will be.

3.   
Executing
stage: A major portion of the project work
takes place—both physical and mental.  

                              The physical product is produced (a bridge, a report, a software
program).        

                              Time, cost, and
specification measures are used for control. Is the project  

                              on schedule, on
budget, and meeting specifications? What are the        

                              forecasts of each
of these measures? What revisions/changes are    

                              necessary?

4.   
Closing
stage:  Closing includes three activities: delivering the project
product to the 

                           customer,
redeploying project resources, and post-project review. Delivery  

                                       of the
project might include customer training and transferring documents.

                                       Redeployment
usually involves releasing project equipment/materials to

                                       other projects and
finding new assignments for team members. Post-project  

                                       reviews
include not only assessing performance but also capturing lessons     

                                       learned.

 

In
practice, the project life cycle is used by some project groups to depict the

timing
of major tasks over the life of the project. For example, the design team

might
plan a major commitment of resources in the defining stage, while the quality

team
would expect their major effort to increase in the latter stages of the project

life
cycle. Because most organizations have a portfolio of projects going on concurrently,
each at a different stage of each project’s life cycle, careful planning

and management at the organization and project levels are
imperative.