2.project lifecycle
description
Transcript of 2.project lifecycle
Project Life Cycle
1. A Project is:All the inter-related tasks done over a period of time to achieve a particular
goal.
1.2. Project ManagementThe discipline of planning,
organising and securing resources to bring about the
successful completion of project goals.
Project Initiation
Project Planning
Project Execution
Project Planning
Project Closure
Project Definition
Detailed Planning
Monitoring & Control
Project Review
Project Management
4 Valuable Skills to break into Project Management
PM: Strategic Strength
• Doing more with your budget.• Launching a product faster then
competitors.• Acquire new business and higher profits.• Competitive edge: speed of delivery.• Efficiency and sustainability
Project Success Factors
• Agreement on the goals of a project.• A Plan: Path & Responsibilities.• Constant & Effective communication.• A controlled Scope.• Management support.
Challenges• Staff• Estimating
• Authority• Controls
Project Manager Skills
• Project Management• Business Management• Technical Knowledge
Determining levels of success
1. On time2. On budget3. High quality• Scope• Performance
Success formula for Project Managers
• Realistic expectations: Cost-schedule-quality equilibrium.
• Manage expectations throughout the project.
• Deliver as promised: Product, on time, within budget.