Project Life Cycle

Project Life Cycle

Initiation Phase
 Define the need
 Return on Investment Analysis
 Make or Buy Decision
 Budget Development
Definition Phase
 Determine goals, scope and project constraints
 Identify members and their roles
 Define communication channels, methods, frequency
and content
 Risk management planning
Planning Phase
 Resource Planning
 Work Breakdown Structure
 Project Schedule Development
 Quality Assurance Plan
Work Breakdown Structure
 For defining and organizing
the total scope of a project
 First two levels - define a set
of planned outcomes that
collectively and exclusively
represent 100% of the project
scope.
 Subsequent levels -
represent 100% of the scope of
their parent node
Implementation Phase
 Execute project plan and accomplish project goals
 Training Plan
 System Build
 Quality Assurance
Deployment Phase
 Production Review
 User Training
 Start Using
Closing Phase
 Contractual Closeout
 Post Production Transition
 Lessons Learned
Why do Projects Fail?
According to a latest 30-70% of
report, projects fail, reasons
being:
2/3rd of the projects are
out of budget

Crossing the deadlines

is one of the most
common issues
Few are far from initial
estimation

Another quarter fails

customer specification
Home Work “Define the Basic
Terminologies"
• Customer • Objective • Corrective Action
• Stak eholder • Quality Objective • Audit
• Project Charter • Float • Inspection
• Scope • Critical Path • Risk
• Scope Creep • Budget • Quality
• WBS • Baselines • Gold plating
• Type of • Monitor & Control • Outsourcing
organization • Defect • Changes
• System • Failure • Closure
• Process • Output • Org. Assets
• Activity • Outcome • Enterprise
• Resource • Quality Assurance Process Factors
• Deliverable • Quality Control
• Product • Correction
•
 Miscellaneous
 Management: The direction and supervision of
resources towards the achievement of a defined goal
within time scale.
 Project Management is “the application of
knowledge, skills, tools and techniques for project
activities to meet the project requirements”
 Triple constraints of project management
Scope ; Time; Cost
 Project Management is today a complex
“management” challenge requiring not only technical
skills but broad based set of people skills. (management
of technology, skills etc, planning, scheduling control etc.)
 Miscellaneous (Cont’d)
 Planning: The act or process of setting out goals
intended to be achieved and what course of action
should be used in achieving goal
Setting targets/time course limits
Planning leads to reduce uncertainty of future
 Projects are one of the principal means which can
Change our world.