What is Project Life Cycle Process?
What is Project Life Cycle Process?
Project management is mapped into process groups and knowledge areas by the Project Management Institute. The five key process groups are initiating, planning, executing, monitoring and controlling and closing.
What is the first phase in project life cycle?
The first phase of the project management life cycle is initiation. This is where the project’s value and feasibility are measured.
What are the five steps in the control process?
The control function can be viewed as a five-step process: (1) Establish standards, (2) Measure performance, (3) Compare actual performance with standards and identify any deviations, (4) Determine the reason for deviations, and (5) Take corrective action, if needed.
How do you close out a project?
7 steps to closing a project
- Formally transfer all deliverables. The first step to closing out your project is to finalize and transfer the project deliverables to the client.
- Confirm project completion.
- Review all contracts and documentation.
- Release resources.
- Conduct a post-mortem.
- Archive documentation.
- Celebrate.
What is the first step in controlling process?
Controlling involves ensuring that performance does not deviate from standards. Controlling consists of five steps: (1) set standards, (2) measure performance, (3) compare performance to standards, (4) determine the reasons for deviations and then (5) take corrective action as needed (see Figure 1, below).
What are the six phases of a project?
The “six phases of a project” have been jocularly described as: Enthusiasm, Disillusionment, Panic, Search for the guilty, Punishment of the innocent, and Praise and honor for the nonparticipants.
What are the different phases of a project?
A standard project typically has the following four major phases (each with its own agenda of tasks and issues): initiation, planning, implementation, and closure. Taken together, these phases represent the path a project takes from the beginning to its end and are generally referred to as the project “life cycle.”.
What are the phases of project planning?
The number of phases in a project will vary according to the project’s type and the manager’s techniques, and may range from four to six steps. These steps can be grouped into four phases which consist of initiation and planning, execution, monitoring and control, and closing.
What are the phases of a PMP Project?
Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.
