Unit 2: Project Life Cycle
Every project has a life cycle, or a series of milestones and accomplishments that must be met throughout the project. The first stage of the project management life cycle (PML) is initiation. In this stage, the project is chartered and mission statements as well as the project's overall goals are defined. The project manager is identified and the team is assembled. In this stage, some organizations draft a mission statement just for the project.
The next phase is the planning phase. During this second phase, tasks are assigned and details are provided to describe each task. Project deliverables are also identified. In phase three, prototypes are developed, the project is tested, quality is reviewed, and production is initiated. This is called the execution phase. It is also referred to as the control or implementation phase.
The last phase of a project is closure. Reviews are held when the project is complete. During this last phase, one has the opportunity to review lessons learned and to archive data and records. Customer feedback is sought regarding the life cycle and delivery of the system. In this unit, you will learn that projects should follow a systematic approach with a defined beginning and ending.
Completing this unit should take you approximately 9 hours.