This series provides a review of the steps and stages associated with project management according to the Project Management Institute® (PMI). In the development stage, you will generate the idea and create the product. So for the delivery of the project you can see it starts and then begins to build and then it tapers off towards the finish, but for the project management they’re doing different things going on so as the delivery process starts the initiating of the project because within initiating remember we have the project charter, which is the main deliverable from initiating so you get the approval and the sign off for the project so it makes sense that that’s here at the start. So the main deliverables there are the user acceptance, the approval of the project, any kind of final reports that go out to different team members, the stakeholders, the change control board and the project documents and also the lessons learned. It’s not over until it’s over. What is a Project Life Cycle? The product life cycle starts at the conception of a new product and ends at its withdrawal. Try ProjectManager.com today with this free 30-day trial. In order to understand project management according to PMI, it is necessary to understand the boundaries between the project-life-cycle stages or process groups. These phases are sequential and usually overlapping. There are five key phases the team is responsible for as part of their delivery process. An appropriate response to the need is documented in a business case with recommended solution options. Every phase of the project requires tools to make the process more effective and efficient. PMI Project Life Cycle (PLC) – Introduction (#1 in the series PMI Project Life Cycle) By Brian Denis Egan, B.Sc, M.Sc., M.B.A., PMP – Global Knowledge Course Director. This deliverable becomes an input to the coding phase, which in turn can go through the entire project management life cycle. Predictive project life cycle. It is simpler for a project manager to ha… Plan for every phase of the project life cycle. By Brian Denis Egan, B.Sc, M.Sc., M.B.A., PMP – Global Knowledge Course Director. When focus is shifted from the delivery of the physical facility to the creation of a business to service project objectives, it becomes clear that the traditional project delivery approaches will have to give way to a new system in which project life-cycle objectives will be the basis for decisionmaking throughout the project's life. That’s distinct from project manager’s process for running a project from start to finish. The project life cycle also allows for the gate procedure to be used. Some methodologies also include a fifth phase, controlling or monitoring. The project life cycle is an aspect of project management that lets the stakeholders know the scope and length of the project. So the initiating begins and then at the same time, other activities can also begin as well. The project initiation stage: understand the goals, priorities, deadlines, and risks of the project For project managers seeking to understand their process and work according to best practices, they are often guided by the PMI standards of practice which outlines the project management life cycle. Dividing the project into phases allows for increased control by the organization. They are explained below. Stakeholders provide input. Initiation is first phase of project management life cycle where the feasibility and the business value of the project are determined. Monitoring & Controlling 5. Successful project management identifies these components, and tracks and monitors progress, so as to stay within time and budget frames already outlined at the commencement of the project. Product Life Cycle. A progression through a series of developmental stages is termed as a lifecycle. To clarify, we first need to explain the difference between the delivery process and the project management process. It is developed by the performing organization (i.e. Life cycles (section 1.2 of the PMBOK® Guide) 2. In this Topic, we are going to learn about Project management life cycle. Iterative Project life cycle; Adaptive life cycle; If a project is divided into multiple phases, each phase goes through all the SDLC stages (Requirements, design, coding, testing, deployment and support), irrespective of project life cycle. This blending was critical to institutionalizing project … Knowledge and planning for the five project management steps will help you plan and organize your projects so that it goes off without any hitches. It is the bible of your Project! More than one design might be developed during this phase, which can include dioramas, sketches, flow charts, site trees, prototypes, etc.—depending on the type of project it is. The project management life cycle is really just a highfalutin way of describing the life of a project. In order to understand the boundaries between the stages, it is necessary to know what management activities (called processes) are included within each of the stages (called process groups). Top content on Budget, PMI and Project Life Cycle as selected by the Project Management Update community. Their aim was to set standards for project management, conduct research in improving the way projects are managed, and to provide the growing number of project managers the opportunity to exchange knowledge and educate themselves in the disciplines of project management.. Plus, those phases tend to overlap. As common logic says – before we undertake any endeavor we perform certain background checks, initial research, execution feasibility, an… Planning 3. The key outcome of the Initiating phase is our "Project Charter"! The project manager will choose the final design. It will be followed by all involved in the project. Try ProjectManager.com and get award-winning PM tools that can help you manage projects from start to finish. Every phase is important and is determined by specific deliverables to be achieved which are predetermined during phases 1 and 2. The list of requirements collected in the previous phase are now used to make design choices. So if you need some tips, tools and techniques and better yet software to help you manage your project management lifecycle, then sign up today for our software at ProjectManager.com. So the closing is at the end, as the departure so the team members begin departing from the project so you’re closing things out. The PMI(Project Management Institute) have defined these five process groups which come together to form the project management lifecycle The PMBOK project phases are: 1. The project schedule is made at this point, materials are ordered and any tools that are needed are attained. 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