The Importance Of Project Life Cycle Management

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Recommended: A research project on project management

1) All projects have at their core a specific goal or objective, a defined life span, a budget and schedule for its completion, defined quality requirements and require the effort of a people to execute (Field, Keller 1998). Knowledge of a projects core characteristics is essential in effectively managing the project through its lifecycle and ten knowledge areas of project integration management, project scope management, project time management, project cost management, project quality management, project human resource management, project communications management, project risk management, project procurement management and project stakeholder management (PMI 2013). Effective management through these knowledge areas act as a mitigating factor against the effects of the triple constraints on a project, which is critical in the application of project life cycle management.
2) In defining the scope of this project I would utilize the project scope management processes outlined by the Project Management Institute (PMI). As such a scope management plan would be done to document how the scope is to be defined, validated and controlled (PMI 2013), scope requirements would be collected by interviewing and surveying stakeholders and subject matter experts being sure to clearly define both the project and product scope requirements. The scope …show more content…

By outlining the critical path Penny Black would have had a clear guide of the activities that have no float or slack allowing her to better manage risk and time constraints on the

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