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Project life cycle
The document discusses the project life cycle (PLC). It states that the PLC describes all activities from the start of a business to its successful completion. The PLC consists of four phases: initiation, planning, execution (including monitoring and controlling), and evaluation. The initiation phase defines the project scope and objectives. The planning phase develops a project plan to monitor time, cost and quality. The execution phase involves producing deliverables while monitoring and controlling the project. The evaluation phase determines the overall success of the project and identifies lessons learned.
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Project life cycle
- 1. MANAGING Tough Times SNIST SCHOOLOF MANAGEMENT STUDIES PROJECT LIFE CYCLE
- 2. MANAGING Tough Times SNIST SCHOOLOF MANAGEMENT STUDIES What is PLC ? 1. It describes all the activates which are involved from the start of the business to successful completion 2. It explains a series and phase of project completion 3. The project life cycle consists of four phases, initiation, planning, execution (including monitoring and controlling) and evaluation.
- 3. MANAGING Tough Times SNIST SCHOOLOF MANAGEMENT STUDIES SDLC:
- 4. MANAGING Tough Times SNIST SCHOOLOF MANAGEMENT STUDIES
- 5. MANAGING Tough Times SNIST SCHOOLOF MANAGEMENT STUDIES PROJECT LIFE CYCLE
- 6. MANAGING Tough Times SNIST SCHOOLOF MANAGEMENT STUDIES Stages in PLC 1. The Initiation phase begins by defining the scope, purpose, objectives, resources, deliverables, timescales and structure of the project. The next step is to develop a Business Case (Feasibility study, Terms of Reference, project team) 2. Project Plan which the project manager will refer throughout the project to monitor and control time, cost and quality. (Resource Plan Financial Plan, Quality Plan Risk Plan, Acceptance Plan)
- 7. MANAGING Tough Times SNIST SCHOOLOF MANAGEMENT STUDIES Stages in PLC 3. Project Execution phase the project team produces the deliverables while the project manager monitors and controls the project delivery by undertaking (Time Mgt., Cost Mgt, Quality Mgt, Change Mgt, Risk, Communication Management) 4. Evaluation (also known as a Post-Implementation Review) should be carried out to determine the project's overall success and find out whether the benefits stated in the original Business Case were actually realised. Any lessons learned should be documented for future projects.
- 8. MANAGING Tough Times ThankYou SNIST SCHOOL OF MANAGEMENT STUDIES