Phases of a Project Lifecycle Assignment Example | Topics and Well Written Essays - 1750 words

Phases of a Project Lifecycle - Assignment Example This paper illustrates that at the initiation stage, some steps are usually involved such as developing a business case, undertaking a business case, performing the project charter, identifying the project team, establishing the project office and performing a review of the phase. At the planning stage there is involvement of creating a suite of planning documents which help in guiding the team throughout the project management. The planning documents help in managing time, quality, change, risk, cost and issues. The steps involved in the planning phase are; creating a project plan, creation of a resource plan, creating a financial plan, creating a quality plan, creating a risk plan, creating an acceptance and a communications plan, then creating a procurement plan, contracting the suppliers and then finally performing phase review. This is the most challenging phase. At the execution stage, deliverables are built and presented to the customer for recognition. When deliverables are b eing constructed, a set of management processes are performed to monitor and control the deliverables being output by the project. Some of the management processes initiated at this stage are time, charge, superiority, amend, risks, issues, suppliers, consumers and communication. Closure is the last phase. It involves releasing the final proposals to the purchaser, handing over project credentials to the business, terminating dealer agreements, delivering project assets and communicating project conclusion to all stakeholders. Some of the equipment used during setting out a project for example for a company such as IT Software Company is; notebook computer which is a very important tool .this is where the researched data is being entered and stored. Electronic mail and access to the internet is made available through a high-speed modem An example of management tool is the jopro central. Jopro central is an asset of software tools that helps in managing the project workflow more effe ctively and efficiently. In addition to that, it helps the project managers in managing time and costs during the process.