Project Life Cycle (Steps)

INITIATION

Select project-determine project objectives-determine high level deliverables time, cost-determine high level constraints &assumptions- determine business need-develop product description – define PM’s responsibilities -Determine High Level Resource Requirements

PLANNING

Create Scope Statement and management, Create WBS – Create Network Diagrams – Determine Critical path – Develop Budget – Create QM Plan – Create Procurement management Plan – Determine Project team – Hold Kick Off Meeting – Create resource management – Estimate Time & Cost – Develop Schedule , & management – Create Communication Management Plan – Risk management Plan – Create Project Control Plan -Gain Formal Project Plan Approval..

EXECUTION

Execute the Project Plan – Manage Project Progress – Complete Work packages -_Distribute Information – Quality Assurance – Team Development – Progress Meetings

CONTROL

Integrated Change Control, Project Performance Reporting – Scope Change Control – Quality Control – Risk monitoring Control – Schedule Control – Cost Control – Scope Verification – ensure compliance with plans – recessive plans – take Corrective Actions

CLOSEOUT

Procurement Audits -Formal Acceptance – Product Verification – Lessons Learned – Update, Archive records – Release resources

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