Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Project management life cycle
1.
2. What is Project Management?
• A project is temporary in that it has a defined beginning and end in
time, and therefore defined scope and resources.
• Project management, is the application of knowledge, skills, tools,
and techniques to project activities to meet the project requirements.
3. What Is The Project Management Life Cycle?
The project management life cycle is really just a way of describing the
life of a project. It’s how projects happen; how the phases of a project
conduct a team from brief through to delivery. Every project has a start
and end; it’s born, matures and then “dies” when the project lifecycle is
complete.
4.
5. 1. Initiating: Defining what needs to be done
• A project objective or need is identified.
• A feasibility study is conducted.
6. 2. Planning phase: Defining how to do what needs
to be done
• The necessary steps to meets the project objective are planned.
• The Project tasks and resource requirements are identified.
7. 3. Executing: Making a project happen
• The project plan is put into motion.
• The actual work of the project is performed.
8. 4. Monitoring & Controlling: Keeping a project on
track
• Monitoring the project life to ensure the project is going according to
plan.
• To track progress effectively against the original plan.
10. CONCLUSION
The project life cycle consists of phases that are necessary to
successfully complete a project. The project life cycle shows the levels
of consistency in project management and each stage must be
approved or it will not go on. As the project goes through each phase
there has to be some sort of review to determine the status of the
project.