The success criteria. , requirements, and risks , costs

The Project Life Cycle

This
process provides basic help while doing any task. It gives us all info , which
is required to perform a big task , so we should be well aware of its
functionality, working , all sub tasks in that big task , which we want to do.
So , in this way , in that task’s goal achieving , project management plays an
important role.

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Phases

In a
project there is precise beginning and end .& among these two factors,
project is divided into four subproject tasks

Initiation
Planning
Execution
Termination

Let’s have
a look at them.

Initiation

The reason of
this phase is to outline the starting workout of the project.

The person
has to go through all the information given to him,  in order to start the project. And then he has
to do documentation for start of project and it includes all the decisions ,
and planning documents of that project.

It
generally includes information such as mission , objectives and success
criteria. , requirements, and risks , costs etc like factors.

Main part
of it is stakeholder deciding i-e understanding that which human beings may be
impacted through or can influence your undertaking is important for its
fulfillment. And it is one of important part of this phase.

Planning

The purpose
of this phase is to discuss and decide the perfect path to reach our goal
and in intermediate , its most important as it is basic plan for reaching our
goal.

It has two
parts

Strategic techniques.
Implementations.

During Strategical work we
decide techniques to be used for our goal achievement and then in Implementation
we discuss the workout plans by which we can achieve our goal.

Let’s
consider making a decision to drive. if so, at some point of Implementation we
will map out our path, discover which hotels we may stay at alongside the way,
decide how long every side of the ride will take, and so on (all of the info).

Execution

The cause of
it is to perform all the workout we have decided previously in project
management sections.

That’s the
stage where most of the time, money, and people are used to on a challenge.
This is where the main work initializes.

During this
, we have  to keep all the activities at
our focus and mistake in only one can cause a big loss , so we have to be
really conscious and careful at this stage. While the scenario changes , we
have to focus mainly on our development and gain in project.

Termination

The reason of
this phase is to officially terminate the project.

These are
main subtasks n this section “Verify that the final criteria are met, create
project closure records , collect project artifacts , perform a project go
through ” etc.

Many
project managers don’t go through this section and don’t feel that it is
important to be done . While when they reach a stage in future of doing some
changes in that project or using that project’s work in some other projects ,
the they realize how much important this section is.

This
section will advantage us. If in case we performed all required tasks in this
section, wou will set ourself up to guide high-visibility.

So, in
order to reach our goal , we have to give importance and do hard wark on each
section of project life cycle. Only then , we can achieve our goal.

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