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Unit 3: Project Management




          phase deliverable, and the phases typically take their names from these items: requirements,  Notes
          design, build, test, start-up, turnover, and others, as appropriate.

          Project Life Cycle

          The project life cycle serves to define the beginning and the end of a project. The project life-cycle
          definition will determine whether the feasibility study is treated as the first project phase or as
          a separate, standalone project.


                 Example: When an organisation  identifies an opportunity to which it  would like to
          respond, it will often authorise a needs  assessment and/or a feasibility study to decide if  it
          should undertake the project.
          The project life-cycle definition will also determine which transitional actions at the beginning
          and the end of the project are included and which are not. In this manner, the project life-cycle
          definition can be used to link the project to the ongoing operations of the performing organisation.
          The  phase sequence  defined by most project life cycles  generally  involves  some  form  of
          technology transfer or handoff such as requirements to design, construction to operations, or
          design to manufacturing. Deliverables from the preceding phase are usually approved before
          work starts on the next phase. However, a subsequent phase is sometimes  begun prior  to
          approval of the previous phase deliverables when the risks involved are deemed acceptable.
          This practice of overlapping phases is often called fast tracking.
          Project life cycles generally define:

              What technical work should be done in each phase (e.g. is the work of the analyst part of
               the definition phase or part of the execution phase)?
              Who should be involved in each phase (e.g.  resources that need to  be involved with
               requirements  and design)? Project life-cycle descriptions may  be very  general or very
               detailed. Highly detailed descriptions may have numerous forms, charts, and checklists to
               provide structure and consistency.  Such detailed approaches are often called  project
               management methodologies.
          Most project life-cycle descriptions share a number of common characteristics:

              Cost and staffing levels are low at the start, higher toward the end, and drop rapidly as the
               project draws to a conclusion. This pattern is illustrated in the figure below:
                                 Figure  3.1: Sample  Generic Life  Cycle

                 Cost and                    Intermediate Phase
                  Staffing                     (one or more)
                   Level                                             Final Phase
                             Initial Phase







                                                                          Finish
                 Sample Generic Life Cycle  Time

          Source:  http://www.giorgiogiussani.it/project-managemet_EN.pdf





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