project management

1. PRESENTATION
ON
PROJECT LIFECYCLE AND ITS
PHASES
PREPARED BY:
1.Vaishnavi Chouhan
2.Anshita Gupta
3.Neha Yadav
4.Sunil Choudhary

3. PROJECT
 The word project comes from the Latin world
Projectum which means “something that come
before anything else happens’’.
 A project is a “unique endeavour to produce a set of
deliverables within clearly specified time, cost and
quality constraints’’
 Project Examples:
-New project development
-Building renovation
-Wedding
-Dinner party.

5. PROJECT MANAGEMENT
 Project management is a system procedures ,
practices, technologies and know-how that enables
the planning , organizing , staffing, directing and
controlling necessary to successfully manage a
project .

6. PROJECT LIFE CYCLE
 The sequence of phases through which the project
will evolve is project life cycle.
 The project life cycle is basically defined by it’s
phases , according to which a project swing through
and finally reaches to handover stage

7. • PROJECT
TEAM:ACQUISITION,
DEVELOPMENT AND
MANAGEMENT
• MONITORING
,CONTROLLING
,CLOSURE AND
REVIEW
• DETAILED
PLANNING:
ESTIMATION AND
SCHEDULING.
• PROJECT
DEFINITION:
PROJECT
CONSTRAINTS
AND PROBLEM
STATEMENT.
INITIATION PLANNING
EXECUTION
CLOSURE

8. 1.PROJECT INITIATION
In this phase, the project charter becomes the most
critical document as it outlines:
 The vision and mission of the business
 Goals of the project and the value it will deliver to
the business
 A list of all the stakeholders involved in the project
 Project deliverables
 Project scope and budget
 Anticipated risks

9. 2.PROJECT PLANNING
 During the planning phase, a project plan is
developed to provide all stakeholders with the
roadmap for the project.
 It outlines all the activities, tasks, timelines, roles,
costs, milestones, deliverables, and other
dependencies required to execute the project
successfully.

10. 3.PROJECT EXECUTION
 The execution phase is typically the longest and
takes up the biggest allocation of resources as the
actual implementation of the project is done.
 At this point, controlling the project’s resources,
monitoring the project’s progress, and maintaining
clear communication among all the stakeholders
becomes crucial.

11. 4.PROJECT CONTROLLING &MONITORING
Monitoring and controlling are done to ensure that
the project moves in the right direction and within
the defined scope. When the project progresses as
planned, the risk is minimized.
Ideally, monitoring the project’s actual performance
is compared against the planned performance and
the appropriate course of action taken in the event
that there is a variance.

12. 5.PROJECT CLOSURE
 The project is closed after it has achieved its goals
and the product is ready for release and delivery to
the client.
 This last phase is also known as the follow-up
phase, where the project manager and the teams
come together to discuss the project events and
insights in a closing meeting.
 They will recap the entire life cycle to draw lessons
and takeaways from it, identify strengths and
opportunities for improvement, and document them
alongside other project data for future reference.