This lecture describes the project life cycle framework which includes 5 phases: conceptual design, advanced development, detailed design, production, and termination. Each phase involves key tasks such as defining goals and requirements, creating plans and budgets, managing the project, and suggesting improvements. However, the life cycle concept may not perfectly match some real-world projects as development is never fully linear or endable. The objectives are to provide knowledge of the life cycle and its phases and issues.

1. London School of Business and Finance
About this Lecture
The “life cycle” is a popular framework for planning projects, and for thinking about how they are planned and managed.
This lecture describes the life cycle, goes into detail about each of its stages, and identifies potential problems with the
life cycle idea.
Learning Objectives
To provide students with detailed knowledge of the project life cycle.
Recommended Reading
Core text (Shtub et al) Ch 2 pp 45-74

2. 1. Introduction
2. Designing the organisation
3. Project life cycle
4. Project tools and techniques
5. Resourcing and budgeting
6. Implementation
7. Communication and culture
8. Variance and change
9. Risk management and uncertainty
10. Project outcomes

3. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

4. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

5. Resources
and
effort
Adapted from core text (Shtub et al)
Phase 1
Conceptual
Design
Phase 2
Advanced
Development
Phase 3
Detailed
Design
Phase 4
Production
Phase 5
Termination
Goals
Scope
Baseline
Requirements
Feasibility
Desirability
Plan
Budget
Schedule
Bid proposal
Management
commitment
Responsibility
definition
Team
Organisational
structure
Detailed plan
Kickoff
Manage
Measure
Control
Update and
re-plan
Problem
solving
Sign-off
Document
Suggest
improvements
Transition
Reassign
Reflect

6. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

7. 1. Projects are temporary constructs
2. They have a start, a life, and an end.
3. They focus the organisation’s resources on
a specific development goal.
4. Development is never-ending.

8. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

9.  Goals
 Scope
 Baseline
 Requirements
 Feasibility
 Desirability

10. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

11.  Plan
 Budget
 Schedule
 Bid proposal
 Management commitment

12. Resources
and
effort
Adapted from core text (Shtub et al)
Phase 1
Conceptual
Design
Phase 2
Advanced
Development
Phase 3
Detailed
Design
Phase 4
Production
Phase 5
Termination
Goals
Scope
Baseline
Requirements
Feasibility
Desirability
Plan
Budget
Schedule
Bid proposal
Management
commitment
Responsibility
definition
Team
Organisational
structure
Detailed plan
Kickoff
Manage
Measure
Control
Update and
re-plan
Problem
solving
Sign-off
Document
Suggest
improvements
Transition
Reassign
Reflect

13. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

14.  Responsibility definition
 Team
 Organisational structure
 Detailed plan
 Kickoff

15. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

16.  Manage
 Measure
 Control
 Update and re-plan
 Problem solving

17. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

18.  Sign-off
 Document
 Suggest improvements
 Transition
 Reassign
 Reflect

19. Source: http://www.vijayforvictory.com/fun/project-life-cycle/708/

20. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

21. Source: www.method123.com/project-lifecycle.php

22. 1. About this lecture
2. What is the project cycle?
3. Why is this important?
4. Phase 1: conceptual design
5. Phase 2: advanced development
6. Phase 3: detailed design
7. Phase 4: production
8. Phase 5: termination
9. Issues with the life cycle concept
10. Exercises

23. 1. Identify a project from your own experience.
How closely did the phases of your project
match with the life cycle model discussed in
this lecture?
2. Considering the same project, draw your
own life cycle graph for the project, clearly
identifying the phases, and the main tasks
within them.

24. 1. Introduction
2. Designing the organisation
3. Project life cycle
4. Project tools and techniques
5. Resourcing and budgeting
6. Implementation
7. Communication and culture
8. Variance and change
9. Risk management and uncertainty
10. Project outcomes