Preview

Phases of Project Management Cycle

Powerful Essays
Open Document
Open Document
4199 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Phases of Project Management Cycle
INTRODUCTION
Project management is the discipline of planning, organizing, securing, and managing resources to achieve specific goals. A project is a temporary endeavour with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.
Project Management is the skills, tools and management processes required to undertake a project successfully. It incorporates:
• A set of skills: Specialist knowledge, skills and experience are required to reduce the level of risk within a project and thereby enhance its likelihood of success.
• A suite of tools: Various types of tools are used by project managers to improve their chances of success. Examples include document templates, registers, planning software, modelling software, audit checklists and review forms.
• A series of processes: Various processes and techniques are required to monitor and control time, cost, quality and scope on projects. Examples include time management, cost management, quality management, change management, risk management and issue management.
Traditionally, project management includes a number of elements: four to five process groups, and a control system. Regardless of the methodology or terminology used, the same basic project management processes will be used. Major process groups generally include initiation, planning or development, production or execution, monitoring and controlling, and closing. In project environments with a significant exploratory element (e.g., research and development), these stages may be supplemented with decision points (go/no go decisions) at which the project 's continuation is debated and decided. Most projects have four or five phases, but some have nine or more. Even within a single application area there can be significant variations—one organization’s software development life cycle may have a single



References:  Jason Westland. The Project Management Life Cycle: A complete step-by-step methodology for initiating, planning, executing and closing a project successfully.  www.wikipedia.org  Project Cycle Management Handbook.  A GUIDE TO THE PROJECT MANAGEMENT BODY OF KNOWLEDGE  Project Management Institute. A Guide to the Project Management Body of Knowledge.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    PMBOKV4 ITTO 42 Processes

    • 1835 Words
    • 46 Pages

    ©2009 PMServicesNW. All rights Reserved. Page 1 of 9 Project Management Process…

    • 1835 Words
    • 46 Pages
    Satisfactory Essays
  • Good Essays

    Pm567 Quiz 1

    • 1787 Words
    • 8 Pages

    Project management is the performance based process focus on one o more deliverable. It is the process of identifying a problem or need coming up with possible solution, deciding on the best one and completing the project in a manner that is acceptable to the stakeholders whether it is as quick as possible or maybe inexpensive ad possible.…

    • 1787 Words
    • 8 Pages
    Good Essays
  • Best Essays

    CIPD - 5DPP

    • 3309 Words
    • 14 Pages

    Project management is defined by, ‘initiating processes - clarifying the business need; planning processes - detailing the project scope; executing processes - establishing and managing the project team; monitoring and controlling processes - tracking performance and taking actions; closing processes - ending all project activity’ (Portny 2012)…

    • 3309 Words
    • 14 Pages
    Best Essays
  • Good Essays

    It 205 Week 9 Assignment

    • 1070 Words
    • 5 Pages

    Project management refers to the application of knowledge, skills, tools, and techniques to achieve specific targets within specified budget and time constraints. (Laudon & Laudon, 2011) Project management for information systems consist of five major variables: scope, time, cost, quality, and risk. The first variable is scope and is defined as what work is or is not included in the project. (Laudon & Laudon, 2011) The current…

    • 1070 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    A project life cycle includes the necessary steps, from beginning to end, needed to complete a project. The end of each phase is referred to as a stage gate, phase exit, or kill point, and usually marks the completion of deliverables.…

    • 2006 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    ILM M3:02, M3:03, M3:04

    • 2339 Words
    • 10 Pages

    Project Management is the employment of knowledge, skills, tools and techniques to meet project needs, and it is accomplished by the application and integration of the project management processes of initiation, planning, executing, monitoring, controlling and closing.…

    • 2339 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Read Me First

    • 1484 Words
    • 6 Pages

    PROJECT MANAGEMENT IS AN IMPORTANT SKILL FOR TECHNICAL AND NONTECHNICAL MANAGERS TO HAVE. THE SKILLS AND PRACTICES OF PROJECT MANAGEMENT LEAD TO SUCCESS. EACH PROJECT IS A UNIQUE UNDERTAKING WITH SPECIFIC TASKS TO BE ACCOMPLISHED AND RESOURCES TO BE USED. EACH SUCCESSFUL PROJECT FOLLOWS A SET OF ITERATIVE STEPS FROM BEGINNING TO END, OFTEN CALLED THE PROJECT LIFE CYCLE (PLC). THE STEPS INCLUDE INITIATING, PLANNING, EXECUTING, CONTROLLING, AND CLOSING.…

    • 1484 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    Project Management

    • 1126 Words
    • 4 Pages

    • Monitoring & control: These processes verify and validate the activities and their sequence and timelines with the project plan. The quality of activities is also considered here.…

    • 1126 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Project management is the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project goals and objectives.…

    • 330 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Reynolds, D. (2009, May 13). Phases of project management: Monitoring. Bright Hub weblog. Retrieved from www.brighthub.com/office/project-management/articles/1675.aspx…

    • 1343 Words
    • 6 Pages
    Best Essays
  • Good Essays

    The Project Management Process is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It is a set of interrelated action and activities performed to achieve a pre-specified product, result, or service. The Project Management Process is grouped into five categories which are:…

    • 879 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Project management is a planned and structured effort to achieve an objective or is the process of managing, allocating, and timing available resources to achieve the desired goal of a project in an efficient and expedient manner, for example, creating a new system or constructing a project. Project management is widely recognized as a practical way of ensuring that projects meet objectives and products are delivered on time, within budget and to correct quality specification, while at the same time controlling or maintaining the scope of the project at the correct level.…

    • 4564 Words
    • 19 Pages
    Powerful Essays
  • Satisfactory Essays

    Volkswagen Mexico Case

    • 459 Words
    • 2 Pages

    All companies are faced with completing projects, whether it is to make a product, complete a service or an outcome such as a research project. Project Management helps to ensure that the projects are done effectively and efficiently. Project management is the “application of knowledge, skills, tools, and techniques to meet the project requirements.” (Project management body, 2008) There are 5 process groups associated including initiating, planning, executing, monitoring and controlling, and closing. Managing a project is complex, a Project manager needs to define and identify requirements, needs, concerns, and balance constraints such as recourses, schedules, budget and risks.…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Project Management

    • 1111 Words
    • 5 Pages

    The presentations will primarily address the nine Project Management Knowledge Areas and the five Project Management Process Groups. This will identifies each area of knowledge in its group. It will also incorporate and elaborate on their relationships, functions and applications.…

    • 1111 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Projects are sets of activities designed to achieve a specific objective. Their key elements are tasks that define project work and staff members - the resources who perform them. Time and budget constraints guide projects. The constraints estimate and determine how long each task and, therefore, the entire project take and how much it costs.…

    • 1408 Words
    • 6 Pages
    Good Essays

Related Topics