Analysing The Five Stages Of A Project Life Cycle
When it comes to managing a successful project, you need to understand that projects are not something that you can do successfully without planning, you need to follow some laid down rules when it comes to managing a successful project. Also, there are stages that projects are meant to pass through from the beginning to the end of the project. This is what we normally referred to as Project Life Cycle. In this article, I want to look at stages of a project life cycle. Follow me as we will consider these stages together in this article.
First and foremost, in order to improve management control and to allow the stakeholders to follow the process of the project, projects are always divided into sequential stages called project phases, the combination of these phases is being referred to as the project life cycle. It is also possible at times that this lifecycle is customized to suit the need of a particular project. It is possible at times for the lifecycle of a project to be divided into four or five stages that are not similar in nature.
Also, when it comes to the project life cycle, it is marked by the beginning and end of a project. You need to know that the beginning of a phase might signify the end of another phase. Also, each of the phases of a project has what will call entry and exit requirements. That means if you do not fulfil the exit requirement for a project, your project cannot move to the next phase.
Now the five stages…
At the initiating phase of a project, the requirements for the project are gathered. This is when you need to determine what is it that the project actually wants to achieve. Here is where you will gather requirements and liaise with stakeholders so that you will understand what you are actually expecting from the project. This is also the time to gather all the documents that will allow you to understand what stakeholders want from the project. You should note that if you fail in gathering requirements for your project and identifying project stakeholders, your project can never be a success.
Planning is one of the critical stages when it comes to project management. At the planning stages, you are trying to see through the project so as to determine what will actually happen with the project. It is at this stage that you need to talk to a Subject Matter Expert who can assist you in identifying some of the pitfalls in the project. They can also help you to identify some of the risks for the project. They should be able to come up with mitigation strategies on how to prevent some of the risks that are associated with the project as well.
This is the stage that you try to actualize some of what you have planned for the project. At this stage, you need to ensure that you have all the vital documents that are essential in order to execute the project successfully. This is also the time that some of the risks that you have identified will start manifesting. It is also the time that you have to compare what you have on ground with what you actually planned. This will enable you to make the necessary adjustments in order to bring your project back on track.
#4 Monitoring and Control
Some scholars have argued that the monitoring and control stage is not actually the fourth stage of the project life cycle. It can actually happen at any stage of your project. The purpose of the monitoring and control stage of the project life cycle is to look at the project and determine if adjustments are needed in order to bring the project back on track. It is also the stage where some additions and subtractions are made to the project so that we can have a successful project.
The closing stage of the project is the stage where the project activities are closed successful. This is when resources are released from the project so that they can go back to their normal duties. It is also the stage where the remaining outputs and deliverables of the project are handed over to the end-users. This is also the stage where we pour a glass of champagne and celebrate the success of the project.
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