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.