Project Management
Your company planning construct a nuclear power plant Oregon.
What is a project life cycle, and how does it support project success? Ensure you define the basic stages of a project life cycle and the primary activities that take place.
According to Bin and Heiser (2004)
project life cycle refers to the stages a project goes through from the beginning till it is completed. The project life cycle will indicate how a project will be controlled, planned, and monitored. To ensure that a specific project does progress as required, there is need to have a project life cycle that will model the different phases that the project will go through. The phases make it easy for a project manager to establish exactly where the project has reached, and to identify how long the project will take at each particular phase. Without a project life cycle, one would not be able to manage a project properly as the project will not have set milestones that need to be completed within specific timeframes.
A project life cycle has four basic stages namely initiation, planning, execution, and closure. At the initiation phase, information is gathered in regards to the planned project in order to determine if the project is viable. This is the stage where justification of the project takes place. Once the project has received a go ahead, the next stage is planning. Identification of the specific problem and the solution that will be employed to solve the problem takes place. Development of the implementation plan also takes place in this phase. During the execution phase, the various project tasks are implemented in a structured and organized manner. There should be project management processes taking place continuously to ensure the project is executed as planned. The closure phase is the final phase of the project. This is the phase where a project audit is conducted by evaluating and reviewing of the project and the outputs. Once the project has passed evaluation it is officially signed off.
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(Braunschweig; Day, 150) Most of the current generation of project managers expects the project management tools to furnish them with almost real-time knowledge in order to facilitate their decision-making. Some of these tools like DOFF, "Field of the Future," "Smart Fields," Microsoft's "Oilfield Connectivity" and i-Fields are currently being examined by exploration and production oil companies. Some of these tools have the capability of generating information from apparently incongruent data
Project Management and the Transformation System In this research paper, the author discussed he concept of project management employing in a construction firm. The author described briefly, the mission of construction organization, i.e. its product and services, intended markets, and how the product or service is distinct from those offered by competitors. The author also analyzed the scope of integration of project management concepts such as; Project Planning, Portfolio, Life Cycle,
All sheets must be accounted for and either closed off or re-scheduled before the new 'work to' list is formed. The maintenance superintendent checks all sheets to ensure quality of the system. Defects are entered into the system by the operations personnel who monitor the operation of all equipment or are usually the first point of contact for other personnel. The technician who rectifies a defect is responsible for
Project Management Project Information, History, Intent, and Life Cycle Gray and Larson, (2008) define project as "a temporary endeavor undertaken to create a unique product, service, or result." (p 5). Essential feature of a project is that it has a defined beginning and end often subject to time or fund constraint to achieve stakeholder's goals and objectives. Gray and Larson (2008) differentiate between project and program. "A program is a group of
Starting with the pre-contractual phase, which was for the most part skipped as the EDS teams focused primarily on technologies first, the project lacked the necessary foundation to succeed from a planning standpoint. Focusing on the pre-contractual phase could have also helped to have more clearly defined the SLAs and metrics used for managing the project over the long-term as well (Cross, 2007). With 23 SLAs and 51 metrics,
Rather, the issue needs to be seen from all angles to truly evaluate the needs and responses to these risks as they are identified. a. List the potential threats and uncertainties associated with staging the Rock 'n' Reggae concert using the information contained in this case description. Threats will include drunken or otherwise inebriated fans, accidental fires (especially from electricity or smoking). Also, acts of God such as weather disasters must be
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