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Project Lifecycle
Project life cycle Organizations performing projects will usually divide each
project into several project phases to improve management control. Collectively,
the project phases are known as the project life cycle. Usually they are
sequential. These are unique to the industries
Project Life Cycle Define:
1.
2.
3.
4.
Risk Uncertainty and hence risk of failing is high at the beginning and get
progressively lesser/better as project continues
Key stakeholders PM, customer (buy/use), org, team & sponsor (pays),
project management team, PMO
Differences In general, differences between or among stakeholders should be
resolved in favor of the customer.
Managing is primarily concerned with consistently producing key results
expected by stakeholders,
Leading Establishing direction vision of the future and strategies, Aligning
people to vision, Motivating and inspiring.
Organizational Structure Influence on Projects
Functiona
l
Weak Matrix
Balanc
ed
Matrix
PM
authority
Little or
None
Limited
Low to
Moderat
Moderat e to
High to
e
High
Total
Resource
Availability
Little or
None
Limited
Low to
Moderat
Moderat e to
High to
e
High
Total
Project
Budget
Functional
Manager
Functional
Manager
Mixed
Strong
Matrix
Project
ed
PM
PM
Part Time
Part Time
(Expeditor/coordin Full
ator)
Time
Full
Time
Full
Time
Part
Time
Full
Time
Full
Time
PM Role
Grouped by
Area of
specializati
on
Request to
departmen
tal head
then to
Communicat other dept.
ion
and back
Part Time
mix
Organiz
ed by
project
Team
member
to two
bosses
Within
project
Unique
Silos
Two
bosses
No
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