Project Hand Over Phase. "@type": "thing", Using a standardized work process allows managers to deliver reliable levels of support and maintain better control of the project scope. In this phase, previous planning is put into action. Now it’s time to set to work. So this is the project management life cycle as documented from the source of the Project Management Body of Knowledge produced by PMI, the Project Management Institute. "item": { Here are the different steps each project life cycle usually goes through: The first project management stage is initiation. While there are different models for project life cycles, almost all of them include the following four or five stages: During the project initiation stages, managers identify a problem and evaluate whether it is worth creating a project-based solution. Furthermore, it has also explained the different structures and types of life cycle that many organisations adopt into their project strategies. Often considered the most important stage of project management, the project initiation phase includes all the preliminary work that must be done before any other project activities can take place. They can also ensure that every prerequisite task is completed in advance of the next step. All of this is delivered by the project manager, who shares the project plan. "url": "https://kissflow.com/project/stages-of-project-management/#step4" This is the second phase of project management. The phases are: 1. Communicating the closure to stakeholders and business partners. This stage is particularly useful to ensure that members of the team can understand how the process will be carried out and be sure on how to handle the situation if they have a problem. This means Specific, Measurable, Attainable, Relevant and Time-bound. This tightly planned life cycle structure ensures that the work is predictable and closely follows the time, cost and scope constraints. The Waterfall life cycle is one of the most traditional and the first model that most projects followed. This is where many people might get confused. So the initiating begins and then at the same time, other activities can also begin as well. It’s everything the project goes through, from inception to close. Collaborations with others may end and sometimes they will have a team meeting to congratulate their team mates. What is the project life cycle? The essential elements can be roughly divided into four activity categories: This is the why of your project. Releasing the deliverables(product/service) to the stakeholders. Project management in construction, which includes juggling various tasks and ensuring a project meets its deadlines, takes a great deal of expertise. Key benefits of using these tools are: Simplified organization for a project team. A more detailed plan is created before the project moves on to each sequential step. Easily apply to jobs with an Indeed Resume, Active Listening Skills: Definition and Examples, 5 Phases of the Project Management Life Cycle, Benefits of using a project management life cycle. 5 (10) Contents1 Project Life Cycle Definition:2 Project Life Cycle Stages:3 1. Knowledge and planning for the five project management steps will help you plan and organize your projects so that it goes off without any hitches. It has helped those who cooperate from different countries and different departments of a business. The Project Life Cycle | The 5 Stages What is the Project Life Cycle? } Team members create deliverables and execute the plan created during the previous phase. Build your knowledge with top universities and organisations. Identification Phase:4 2. Carry on browsing if you're happy with this, or read our cookies policy for more information. As well as there being the 5 stages of the life cycle mentioned above, there are also different types of structures of the life cycle that a project may choose to work with. But these phases aren’t mutually exclusive, they may overlap in practice. We use cookies to give you a better experience. Give stakeholders adequate time and information to conduct due diligence. Plan for every phase of the project life cycle. Done with the project idea finalization and planning. Company Training Courses: What Are Your Options? This phase is merged with the execution phase because both occur at the same time. There are software’s tailored to construction workers, marketers, software developers and more.