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The Project Lifecycle refers to all the stages or stages between a project's conception and its conclusion.

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Projects may vary both in terms of scope and complexity, but every planned project steps through a series of stages from start to finish.

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The Project Lifecycle

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Refers to stages between a project's conception and conclusion.

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Projects may vary:

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Scope

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Complexity

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Initiation is the first stage in the project lifecycle.

Initiation

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In this stage, the outputs expected from the project are defined as are critical success factors

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that will enable it.

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The Project Management team defines the scope of the project and decides on the best approach to deliver the desired outputs.

The Project Lead then selects the team members based on their skills, experience, and compatibility with the needs of the project.

Commonly used tools or methods in the Initiation stage include the Business Plan, the Project Framework (or Overview), and Milestone Reviews.

Project Management team defines:

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Scope

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Best approach to deliver the desired outputs

Project Lead selects the team members:

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Skills

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Experience

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Compatibility with the needs of the project

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Business Plan

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Project Framework/Overview

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Milestone Reviews

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This is followed by a Planning stage where the project is broken down into smaller tasks. ...followed by a Planning stage

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Key activities typically include identification of all tasks, the assignment of those tasks to resources, a timeline for completing them, an analysis of the risks, and the expected quality for the deliverables associated with each task.

Key Activities:

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Identification of tasks

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Assignment of those tasks to resources

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Timeline for completing them

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Analysis of the risks

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Expected quality for the deliverables

M10 Further, the governance process is outlined, and the key stakeholders and reporting structures are put in place.

M11 Commonly used project management tools and methods in this stage include the Business Plan and Milestone Reviews.

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Commonly used project management tools:

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Business Plan

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Milestone Reviews

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The next stage in the lifecycle is Execution.

M13 In this stage, the planned solution is implemented by the team.

The project activities are controlled and directed to produce the desired outputs.

The next stage is Execution.

In this stage:

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Planned solution is implemented

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Project activities are controlled

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Project activities are directed to produce the desired outputs

M14 Typically, the Execution stage begins with the creation of the design, or the outline of the proposed solution, at the highest level.

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Execution stage begins with the creation of the design.

M15 Based on the agreed design, the team executes the tasks to arrive at the final solution.

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M16 The implementation stage is characterized by the creation of prototypes, testing, and reviews.

M17 The most common tools or methods used in the Execution stage are Risk Analysis and Score Cards, the Business Plan and Milestone Reviews.

M18 The last stage in the lifecycle is Closure where the project is completed and the outputs are delivered to the client.

M19 Primarily, this stage involves client acceptance of

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Most common tools:

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Risk Analysis

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Score Cards

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Business Plan

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Milestone Reviews

The last stage in the lifecycle is Closure.

This stage involves:

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the final product.

However, there are other important activities that the Project Team must perform.

M20 This includes rewarding the team, preparing a list of lessons learned, releasing project resources, and ensuring a formal project closure notification.

Client acceptance of the final product

This stage involves:

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Rewarding the team

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Preparing a list of lessons learned

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Releasing project resources

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Ensuring a formal project closure notification

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M21 By organizing project activities into different stages, the Project Team can efficiently plan and organize resources, measure the achievement of project goals with relevant metrics, anticipate risks, and make timely decisions ensure successful completion of the project.

M22 Although all’s well that ends well, yet a project manager always keeps in mind that well begun if half done.

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NOTE: The 22 markers can be adjusted into 3-4 frames if the development team expects. This SB is focused more on the presentation and the chunking of the content to achieve the learning objectives than the formatting etc.

Puneet Srivastava