What Are The Stages Of A Project Life Cycle?

What is the first phase of the project life cycle?

Initiation is the first phase of the project lifecycle.

This is where the project’s value and feasibility are measured..

Which is the final stage in the waterfall method?

The waterfall model is a sequential design process in which progress is seen as flowing steadily downwards (like a waterfall) through the phases of Conception, Initiation, Analysis, Design, Construction, Testing, Production/Implementation, and Maintenance.

Is SDLC waterfall or agile?

SDLC is a process whereas Agile is a methodology and they both SDLC vs Agile are very important to be considered where SDLC has different methodologies within it and Agile is one among them. SDLC has different methodologies like Agile, Waterfall, Unified model, V Model, Spiral model etc.

What is Project closing process?

According to A Guide To The Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, “The Project Closing Process Group consists of those processes performed to conclude all activities across all Project Management Process Groups to formally complete the project, phase, or contractual obligations.

What is a project life cycle What is the most important stage?

3. Project execution and monitoring phase. This is the main and most important stage of your entire project management life cycle. It is the real start of the project.

How do you close a project?

7 steps to closing a projectFormally transfer all deliverables. The first step to closing out your project is to finalize and transfer the project deliverables to the client. … Confirm project completion. … Review all contracts and documentation. … Release resources. … Conduct a post-mortem. … Archive documentation. … Celebrate.

What are the five common reasons for crashing a project?

Graph that plots project costs against time; includes direct, indirect, and total costs for a project over relevant time range. What are the 5 common reasons for crashing a project?…Time to market pressures.Unforeseen delays.Incentives for early completion.Imposed deadlines.Pressures to move resources elsewhere.

What is Project Life Cycle PMP?

The project life cycle consists of the defined project phases which are usually identified and documented within the organization’s project management methodology. Dividing the project into phases allows for increased control by the organization. These phases are sequential and usually overlapping.

How do you manage a project from start to finish?

Plan Your ProjectIdentify your project. … Define goals and objectives. … Define tasks. … Build your team. … Be aware of any project killers. … Create a timeline. … Get feedback. … Adjust your plan accordingly.

What is Project process?

Project process corresponds to the project implementation that is divided into sub processes. … The components of the project process are: project start, project preparation, project planning, project implementation and project completion. The two last components should contain also the project decision.

What are the six phases of project management?

These include preparing handbooks, training the end users, setting up support team, writing project report, evaluating the project, transferring to the concerned team and dismantling the project. The six-phase model is designed on the rule – ‘think before you act’.

Why is Waterfall better than agile?

If the project timeline is fixed and can not be moved, Waterfall will offer a more predictable outcome. If you need to get the project delivered in a short amount of time, Agile is the appropriate choice here where action and getting things built is more important than documentation and process.

What is waterfall life cycle?

Advertisements. The Waterfall Model was the first Process Model to be introduced. It is also referred to as a linear-sequential life cycle model. It is very simple to understand and use. In a waterfall model, each phase must be completed before the next phase can begin and there is no overlapping in the phases.

What are the 4 phases of a project?

The project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure. These phases make up the path that takes your project from the beginning to the end.

What is project life cycle with example?

The Project Life Cycle consists of four main phases through which the Project Manager and his team try to achieve the objectives that the project itself sets. The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure.

What are project life cycle models?

The standard project life cycle model consists of four very distinct project phases that have deliberate start and end points. That is, once a project is completed, tools are archived, resources are sent to new projects, the job is closed out, and then the entire process starts over.

What are the five stages of the project life cycle?

Project management is mapped into process groups and knowledge areas by the Project Management Institute. The five key process groups are initiating, planning, executing, monitoring and controlling and closing.

What is a Project Closeout Checklist?

The project closure checklist should summarize and condense much of the information and data from the project. This data could include the following items in addition to information that is specific to the project: The scope: both the original planned scope and the scope that was met by the final result of the project.