This document outlines the project life cycle and key aspects of project management. It discusses the initiation, planning, execution, monitoring, control, and closure phases of a project. It also identifies important skills for project managers, such as strategic strength, communication, scope control, and determining levels of success. Finally, it provides a formula for project success that emphasizes realistic expectations, managing stakeholder expectations, and delivering the project as planned.

1. Pr o j e c t
Life Cycle

2. 1. A Project is:
All the inter-related tasks done over a
period of time to achieve a particular
goal.
1.2. Project Management
The discipline of planning,
organising and securing
resources to bring about the
successful completion of project
goals.

3. Project
Initiation
Project
Review
Project
Definition
Project
Planning
Project
Project
Planning
Closure
Monitoring
& Control
Detailed
Planning
Project
Execution

6. Project Management
4 Valuable Skills to break into Project
Management

7. PM: Strategic Strength
• Doing more with your budget.
• Launching a product faster then
competitors.
• Acquire new business and higher profits.
• Competitive edge: speed of delivery.
• Efficiency and sustainability

8. Project Success Factors
•
•
•
•
•
Agreement on the goals of a project.
A Plan: Path & Responsibilities.
Constant & Effective communication.
A controlled Scope.
Management support.

9. • Staff
• Estimating
• Authority
• Controls
Challenges

10. Project Manager Skills
• Project Management
• Business Management
• Technical Knowledge

11. Determining levels of
success
1.
2.
3.
•
•
On time
On budget
High quality
Scope
Performance

12. Success formula for Project Managers
• Realistic expectations: Cost-schedulequality equilibrium.
• Manage expectations throughout the
project.
• Deliver as promised: Product, on time,
within budget.