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Lec 1
Lec 1
Definition
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10/20/2022
• Often, projects are divided into five project phases each of which 1. Initiation:
comes with a distinct set of tasks, objectives, and a particular
deadline. • During the Project Initiation phase, project stakeholders and
investors consider if a project is viable.
• Dividing a project into different phases enables teams to stay on
track throughout their entire life cycle. • this is when you consider what the main objective and related
goals are, and what kind of resources will be needed to realize the
project.
2. Planning: 2. Planning:
• The Project Planning phase breaks your project into its • At this stage, the most important activities are:
components and elaborates on the ways the project will work.
• Breaking your project down into smaller components
• During this phase, you consider what every participant should do • Establishing deadlines and presenting milestone charts
for the project to succeed while meeting the budget plan, • Comprising a chart that illustrates the working plan and deadlines
deadlines, quality level, and other parameters. • Estimation and gathering of resources
• Defining ways and communication modes
• Establishing the outcomes and deliveries for each step
• Risk evaluation and forecasting
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10/20/2022
• Key Performance Indicators (KPIs) are the key measurable value • Project Closing is an important element of five project management
at this stage that defines the success of your project. process groups.
• Project KPIs are based on the project reports that monitor: • It goes far beyond just presenting a final delivery and stating that
- quality levels the project is officially over.
- budget distribution
- project schedule and deadlines
- and other values.
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PROJECT Life cycle Analyze the life cycle of a definite urban project due to the
lecture.
• Mike Kulakov, 2022, 5 Phases of a Project Life Cycle, Everhour blog, through: • Submissions are group-work.
https://everhour.com/blog/what-are-the-5-phases-of-a-project/, surfed in 19th of
Oct. 2022. • Attendance is a MUST due to CIC strategy.
• No Late Submission.
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10/20/2022
Best Wishes,,,
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