a product s life cycle is divided into four stages, which are: This is a topic that many people are looking for. newyorkcityvoices.org is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, newyorkcityvoices.org would like to introduce to you 4 Stages of Project Life Cycle Phases of Project Management Life Cycle Knowledgehut. Following along are instructions in the video below:
“And welcome to knowledgehut as you may be already aware. Nthere are four stages of of the project life cycle. Namely ninitiation planning nexecution closure nand in this video. We discuss these stages in detail.
Including what these stages are nand. What are the steps taken during these stages. Let us begin with initiation business. Need problem or opportunity is nidentified in this stage.
Ways to meet this end solve this problem. Nor. Seize this opportunity are brainstormed. The objective of the project is figured out nfeasibility is determined and major deliverables are identified project management steps for the initiation nstage.
Includes identification of the problem. Which your project nwill. Solve and making it certain whether your project will be able to deliver a solution nto that problem identification of the scope by defining the ndepth and breadth of the project identification of deliverables by defining nthe product or service to provide identification of the project stakeholders nby. Figuring out whom the project affects and what their needs may be and ndevelopment of a business case.
You ll also develop a statement of work nor project initiation document at the initiation stage. The statement of work is the document that ncaptures and defines all aspects of your project. You ll note. The activities deliverables nand.
The timetable for the project. It s an extremely detailed document as it nwill lay the groundwork for the project plan next comes. The planning stage. The planning stage comes when the project nis approved to move forward on the basis of the statement of work and the business case in the planning stage teams are built the nlarge project is broken down into smaller tasks and a schedule is prepared for the completion nof.
All the assignments. Smaller goals are created within the larger nproject. So that each goal is achievable. Within the time frame project management steps for the planning nstage includes identification of the project timeline.
The ntasks. Which are to be performed and the possible constraints. Creation of workflow documents to visualize nthe project. Timeline estimation of budgets and the creation of nfinancial plans with the help of cost estimates.
Gathering resources by building teams and nmaking sure that everyone has the tools required to perform their tasks risk anticipation by identifying potential nquality roadblock. It is important to have everything outlined nand explained to the team and so that the team members can quickly get to the work in nthe next stage after planning we reach to the execution nstage in the above two stages. We worked on receiving nbusiness approval developing a plan and building our team now its time to start working in this phase. We will turn our plan into naction the project manager makes sure that the work nis on track.
He she organizes team members manages timelines and makes sure that the work is ndone. According to the original plan project management steps for the execution nstage includes creating tasks and organizing workflows by nassigning granular aspects of the projects to the right team members explaining tasks to team members providing nnecessary guidance on how the tasks should be completed and organizing process related ntraining. If necessary communicating with team members clients nand. Upper management and providing updates to the stakeholders.
At all. The levels. Monitoring quality of work. Nand.
Managing budget and finally we reach the closure stage. This is the stage. Where we provide final deliverables nrelease project resources and determine the success of the project. In this stage.
The project manager also evaluates nwhat did and what did not work with the project project management steps for the closure stage nincludes determining whether the goals of the project. Nwere met and whether the initial problem was solved evaluation of the team s performance. Including nwhether. They were able to meet the goals along with maintaining the timeliness and quality nof.
The work making sure that all aspects of the project. Nare completed with no loose ends remaining and providing reports to key stakeholders. Conducting a final analysis of the project. Ntaking into account lessons learned for similar projects in the future.
So these were the four stages in the project. Nlifecycle and the different steps taken at each stage. We hope that this video was helpful to you ” ..
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