Presentation about project life cycle .pptx

Presentation describe project life cycle and types

1. The Project Cyc le

2. Introduction Project management is a diverse discipline essential for successfully executing tasks within organizations, spanning from small-scale initiatives to large-scale endeavors. Central to effective project management is understanding the concept of the project life cycle. The project life cycle serves as a roadmap, guiding project teams through a series of phases from inception to completion. Each phase encompasses specific activities, deliverables, and objectives, contributing to the overall success of the project. By comprehensively understanding and navigating through the project life cycle, organizations can streamline processes, mitigate risks, optimize resource utilization, and achieve desired outcomes.

3. What is a project A project is a temporary endeavor undertaken to create a unique product, service, or result. A project is a unique endeavor to produce a set of deliverables within clearly specified time, cost, and quality constraints.

4. Project characteristics : Projects are different from standard business operational activities as they: Are unique in nature . Have a defined time scale Have approved budget Have limited resources .

5. Project Management: Project management is application of knowledge, skills , tools , and techniques to project activities to achieve project requirements. Project management is accomplished through the application and integration of the project management processes of initiating, planning, executing, and closing (project cycle).

6. The project life cycle? What is a project life cycle ? Project lifecycle is a collection of project phases which are divided and assigned for the purpose of its appropriate control, management and operation . Project lifecycle is the series of phases that a project passes through from its initiation to its closure.

7. The project life cycle? Project phases: A project phase is a collection of logically related project activities that result in the completion of one or more deliverable.

8. The project life cycle Project phases: The project life cycle consists of four phases: Project initiation Project planning Project execution Project closure

9. The project life cycle Project initiation: The first phase of a project is the initiation phase. Key activities during this phase may include: Develop a business case: A description of a problem List of available options to resolve the problem List of costs and benefits associated with each solution option A recommended solution option for approval

10. The project life cycle Project initiation: Undertake a feasibility study : The purpose of feasibility study is to assess the likelihood of each alternative solutions option achieving the benefit outlined in the business case. Investigate whether the forecast costs are reasonable, the solution is achievable, The risks are acceptable

11. The project life cycle Project initiation: Establish the term of reference : The term of reference define the vision, objectives, scope and deliverable for the new project. They also describe the organization structure, activities, resources and funding. Appoint the project team: The project manager creates a detailed job description for each role in the project team, and recruits people in to each role based on their relevant skills and experience.

12. The project life cycle Project initiation: Setup a project office : The project office is the physical environment within which the team is based. Perform a phase review: At the end of initiation phase, a phase review is performed.

13. The project life cycle Project planning: During the planning phase, detailed planning is undertaken to ensure that the activities performed during the execution phase of the project are properly sequenced, resourced, executed, and controlled .

14. The project life cycle Project planning: The activities undertaken during the planning phase:

15. The project life cycle Project execution: The execution phase is typically the longest phase of the project in terms of duration. During this phase the deliverables are physically constructed and present to the customer for acceptance

16. The project life cycle Project closure: Following the acceptance of all project deliverables by customer, the project will have met its objectives and be ready for closure. Project closure is the last phase in the project life cycle, and must be conducted formally so that the business benefits delivered by the project are fully realized by customer.

17. The project life cycle Project closure: The project closure activities: Perform project closure : Determining whether all of the project completion criteria have been met. Identifying any outstanding project activities Handing over all project deliverables and documentation to the customer Cancelling supplier contract Communicating the closure of the project to all stakeholder and interested parties

18. The project life cycle Project closure: The project closure activities: Review project completion : The final stage of a project involves an independent review to assess its success based on its performance against predefined objectives.

19. The project life cycle The typical cost and staffing level across the project life cycle structure: Cost and staffing levels are low at the start, peak as the work is carried out, and drop rapidly as the project draws to a close.

20. The project life cycle The project life cycle structure (ideal vs typical):

21. Types of project life cycle There are several types of project life cycles, each suited to different project requirements, goals, and environments. Here are some common types : Predictive (or Waterfall) Life Cycle Iterative Life Cycle Incremental Life Cycle Adaptive (or Agile) Life Cycle

22. Types of project life cycle Predictive (or Waterfall) Life Cycle: Are ones in which the project scope, and the time and cost required to deliver that scope, are determined as early in the project life cycle as practically possible.

23. Types of project life cycle Iterative Life Cycle An approach that allows feedback for unfinished work to improve and modify that work

24. Types of project life cycle Incremental life cycle: An approach that provides finished deliverables that the customer may be able to use immediately.

25. Types of project life cycle Adaptive life cycle (Agile life cycle) An approach that both iterative and incremental to refine work items and deliver frequently

26. Benefits of a project lifecycle: It provides a structure for project delivery. Its improves communication between team members. It enables progress to be tracked across the organization. It provides for the progressive evolution of the project. Its provides a structure for project delivery.

27. Conclusion Understanding and adhering to the project life cycle is essential for ensuring clear objectives, efficient resource allocation, effective risk management, stakeholder satisfaction, and overall project success. Adopting the project life cycle not only provides a structured framework but also encourages collaboration, transparency, and adaptability, crucial elements for navigating the complexities of projects .