¶ … Life Cycle Management
Managing a project is a process which begins well before implementation and which extends beyond the final steps of execution. This is because the project manager is not just responsible for overseeing a contract's realization. The project manager must also be fully involved in the steps leading up to this realization and the evaluative steps that must be engaged following. This is why the Project Management Life Cycle is such a critical concept. It provides a more complete framework for seeing an awarded contract, an internal team assignment or even an independent venture from its true start to finish. The discussion here considers some of the most important aspects of each of the four Project Life Cycle stages.
Initiating
The process of Initiating the project life cycle involves the preliminary steps that a project manager must take in order to establish the validity and value of a project. The text by Method 123 (2013) offers a comprehensive outline of the project life. In its discussion on the initiation phase, the article indicates that "you can start a new project by defining its objectives, scope, purpose and deliverables to be produced." (Method 123, p. 1) First and foremost in this phase of project initiation is developing a business case. The project manager will be responsible for helping to bring light to the intended outcome by presiding over the creation of an effective business proposal.
According to the text by Gido & Clements (2011), there are a number of ways to approach this proposal and these will depend significantly on the size and scope. Accordingly, the text notes that "many projects that are small or not complex may not require an extensive proposal. In other cases, contractors may even submit an unsolicited proposal prior to the customer preparing an RFP. In both of these situations, a simplified or basic proposal may be appropriate and sufficient. Such a proposal should include the following elements: statement of the customer's need, assumptions, project scope, deliverables, resources, schedules, price, risks, and...
Supply Chain Management Theory and Case Study The process of constructing and maintaining of the immense and integral networks of infrastructure which are vital to the support and survival of municipalities and nations invariably relies upon the cooperative efforts of private enterprise and public entities to ensure that key elements such as a project's budgetary and scheduling concerns are addressed in an with economy and efficiency. Throughout the last century both
life cycle is best for your project?." It was authored by some entity referred to as ExecutiveBrief. The article focuses on the development life aspect of project management, which is actually the type of methodology employed for developing a project prior to its movement to the production stage. This topic is extremely important in the field of project management, particularly because there are a number of different development models
But the spiral model stresses the maintenance aspect more than general project models. The spiral model stresses the need to constantly take into consideration the ability to simplify a product for the market and render it impermeable to advances by hackers. Indeed, much of the motivation behind utilizing a life cycle model is to provide structure to avoid the problems of the "undisciplined hacker." Thus, the model seems particularly applicable
The performance of each team member depends on the performance of all others, this being a team project. Constraints include time and financial resources; as such improvement requires permanent improvement effort. Risk Management. No risk has been identified related to the project's completion. Monitoring and Controlling Mechanisms. The data analysts will develop a metric system to measure each member's performance on a weekly basis. This weekly performance will be submitted to
The successful adaptation of life cycle costing to environmental accounting opens the door for the application of life cycle costing techniques to other emerging areas of managerial accounting. This paper will examine the usefulness of life cycle costing in the context of not only its existing uses but with respect to potential future uses as well. It is expected that this analysis will conclude that life cycle costing is
4. Control Phase: This phase is the one in which maintaining the project within the "scope, cost, and schedule" as well as "within acceptable quality" is addressed due to the possible variables. "Unknown or unproven technologies....make these projects difficult for the project manager to baseline the scope, schedules, and costs during the Planning Phase." (Systems Lifecycle Development, 2001) Key deliverables in this phase are the development, testing, implementation and documentation
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