Phases of Project Management Life Cycle
Project management is a rationally planned and organised effort to attain a specific goal. It comprises of organising, coordinating and managing different tasks and resources for successful completion of project.
A project lasts for a definite period of time and then finishes. Projects are usually made up of different diverse elements or mini-tasks that are completed separately and finally combined together to make the completed project.
Let us now discuss each phase in detail.
1 Project initiation:
Project initiation is the first step in the project development cycle, and in simple terms: starting up the project. A project is initiated by defining its reason, business goals, and scope. The cause for initiation and the suggested solution to be implemented must be defined.
A project team is put together to define early milestones, and preliminary budget proposal. The information in project initiation assists in performing an end of phase study for getting a “GO No GO” decision.
Once the project is defined and project team is assembled, the next phase is the in-depth Project Planning phase. This includes developing the “PMP” (Project Management Plan), for guiding the team throughout the project development stage.
In this phase the required skills of development team, non-labour resources, risks plan, detailed action items and milestones are explained.
3 Project development:
On the basis of inputs received in the shape of project feasibility study, preliminary project evaluation, project proposal and customer interviews, the following outputs are produced
- System design specification
- Programme functional specification
- Programme design specification
- Project plan
4. Project implementation:
In this phase, the requirements are built and programmed. The product is presented for client acceptance and full implementation after the quality assurance analysis. If the client has accepted the final product, the project is finished and closed down.
5. Project closure:
It includes giving the final output to the customer handing the project documentation, manuals, source code, and network layouts. At last a Post Implementation Review is to be carried out to identify the extent of project success and document review outcomes