Life cycle of the Project

Life cycle of the project shows the stages from the beginning of a project to its end. Let me give you an example and describe this topic more briefly. Some companies can order a feasibility study and then decide whether to undertake the task or not. The feasibility study can become the first stage of a project or transfer into an individual project. If the future results are not clear enough, we recommend you to treat the project as a separate task.

Jump from one stage to another in a projects's life cycle requires special forms of technical transfer. Before you pass to the next phase you have to fully complete the previous one. However in some cases the phases can start prior to the subsequent stages ? when the risk is at the acceptable level and such practise regarding overlapping phases is called fast tracking.

In our opinion there is no one and best way to define a perfect life cycle of the project. Part of the institutions have special policies which treat all the projects equally in a one life cycle whereas others have diffrent point of view in this matter and permit the manegement team to decide which life cycle is the best way for each project.

Generally life cycle of the project includes:

  • technical aspects in every stage of the project,
  • time which is essential to generate deliverables and methods of verification them,
  • people who are engaged in every phase,
  • what is the way to control and accept every phase.
There are some ways how to describe the life cycle of the project. You may find very short and general descriptions or highly detailed ones - depends on the topic and structure of the problem.

source: PMP® Resources
published: 2009-07-08 10:23:26

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