Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Project management chapter 2 project lifecycle
Importance of project cycle
Project management chapter 2 project lifecycle
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Project management chapter 2 project lifecycle
A project’s life cycle: a piece of cake Many projects vary from large commercial endeavors to small hobby-like activities. Baking a cake can be seen as a casual activity by many, however, due to its process it should be considered a project. After all, there are numerous steps that are taken to accomplish such a simple project. On a grander scale, building a hospital should not be left to the inexperienced since there is very little room for mistakes. A project is defined as a temporary endeavor undertaken to create a unique product, service, or result (Meredith & Mantel Jr., 2012). Projects need to be broken down into sections that when put together, we see an end-result, in other words, project life cycles. A project life cycle is the series of phases that a project passes through from its initiation to its closure (Project Management Institute, 2013). When project life cycles are identified and strictly followed, it will make for any large project seem like a piece of cake. Project life cycles Project initiation and planning Successful projects go through a lengthy initiation and planning stage. This cycle could appear slow and lengthy considering all the factors. Every phase of initiation and planning need to have well-defined tasks and goals. Tasks such as identifying the project manager, a manager that can collaborate and …show more content…
This includes final inspections, payouts, and finalizing contractual obligations. At this stage, most of the team is no longer involved and have moved on to other projects. It is important that the client reviews and approves the final project prior to signing off. Once the project is contractually complete, it is then turned over to the owner for operation and their start to new projects. In some instances, the project manager is available after the project is turned over in the event of unforeseen issues or new
The initiation phase of a project is not complete without a clearly defined goal and realistic, measurable objectives that describe the business benefits which are expected to be delivered upon completion of a project (Laureate Educatio...
The case is made that while previous research recognizes that projects can both be complex and be conducted in a complex environment, however the research is disjointed because there is not a common taxonomy.... ... middle of paper ... ... Now, let's make it really complex (complicated): A systematic review of the complexities of projects.
SDLC( Software Development Life Cycle) , is a process used by the software industry to design, develop and test high quality software .The SDLC aim to produce good quality software that meets or exceeds the user’s expectation and reaches completion within time and cost estimates.
Large and small businesses, governments, and schools strive to build the next new gadget, manage resources more efficiently, and teach or train in more creative ways. If they set out blindly on a task without proper oversight and thought about the process, then surely the result would be a dismal failure. Project management enables these entities, and various others, to carefully consider the many variables before, during, and after the project actually takes place. Project management refers to the careful planning, organization, and management through a single one-time activity. Projects are non-routine tasks that are set out to be accomplished for a specific amount of time (Trelles-Duckett & Lonergan , n.d.). Projects have an absolute
A project is defined as a "temporary endeavor undertaken to create a unique product or service" (PMI, 2000). A project exists only after a decision has been made to address a specific business need, either internal or...
Gray, Clifford F.; Larson, Erik W., Project Management – The Managerial Process, Copyright © 2001 by The McGraw-Hill Companies, Inc.
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
A project is a temporary endeavour undertaken to create a unique product or service. They are goal oriented, have a definite start and finish time, must be done within cost, schedule and quality parameters. Projects involve the coordinated undertaking of interrelated activities (Project Management: Achieving Competitive Advantage). According to Tom Peters, “Projects, rather than repetitive tasks, are now the basis for most value-added in business”. Based on this, it is clear that projects are of utmost importance to businesses in both the service and the manufacturing industries.
“Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind” a famous quote about our goal by Seneca. It is a metaphor about the achievement goal and objectives by good planning skills. One has to plan for what one wants to achieve and where one wants to go. One of the most important things is to have good planning, before taking any project the first think you should do is to create project plan. Planning can be defined as preparing a sequence of action to achieve specific goals and objectives. According to Kerzner (2009), “project planning is desirable that the project manager is involved from project conception through execution. It must be systematic, flexible to handle, closely disciplined through reviews and control and capable of accepting multi functional inputs (pg. 412)”. The importance of planning a project is to describe the work so that it will be easily identifiable to the project team member.
A project manager should have a clear vision of the desired outcome and he/she should be aware of
Often, the goals and visions of the projects are not clearly discussed. The project management team doesn’t understand the needs of the organization.
The topic of my group (group 4) was “How to totally float through your project for free” and the presentation was held by Roger Goodman who works for PMI NZ and Ernst & Young supply chain management with many years of working experience in many different countries such as Saudi Arabia and China.
maturity: The stage in the product lifecycle where sales growth ultimately peaks, then slows as the product reaches widespread acceptance, and competition is fierce.
Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.