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CAPM_Lesson03_DevelopmentApproachAndLifecyclePerformanceDomain

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100% found this document useful (1 vote)
66 views

CAPM_Lesson03_DevelopmentApproachAndLifecyclePerformanceDomain

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Lakshmi
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© © All Rights Reserved
Available Formats
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PMI® Authorized Certified Associate in

Project Management (CAPM)®


Exam Prep Course

Development
Approach and
Life Cycle
Performance
Domain
Figuring Out Your Team’s
Way of Working

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provided asofpart
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1
In This
Session
• Fundamentals of the project life cycle

• Development approach and the life cycle


performance domain

021 • Life cycles in practice

• Considerations for selecting a development


approach

• Project activities, deliverables, and milestones

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2
What Is a Life Cycle?

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3
The Concept
The high-level progression from an initial state to a completed
of a Project
state is a project’s life cycle.
Life Cycle

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4
Visualizing Execute Project Plan
the Project
Aspire
Life Cycle

Business Case Create Charter Finish Project

Develop Project Plan

Monitor and Control

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5
Phase Gates
IDEATION
PHASE

PHASE GATE
A phase gate is a point BUSINESS
for deciding whether a CASE
project should be
continued or terminated.
CREATE
CHARTER

DEVELOP
PROJECT
PLAN

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6
PROJECT PHASE
What’s the
Difference
Between a
Project Phase
and a Project
Life Cycle?

PROJECT LIFE CYCLE


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7
What’s the
Difference
Between a

PRODUCT
Project Life

Project Usage, Sales, Impact


Project 3
Project 4
Cycle and a (Additions)
(Revisions)

Product Life Project 5


(Revisions)
Cycle? Project 2
(More Features)
Project 6
(Revisions)
Project 1

PRODUCT LIFE CYCLE


(Initial Creation) Project 7
(Retirement)

Time
Product
Life Cycle Introduction Growth Maturity Decline/Retirement
Phases

Next Slide
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8
Development Approach and Life
Cycle Performance Domain

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9
What Is The The Development Approach and Life Cycle
Development
Approach and performance domain addresses activities and
Life Cycle functions associated with the development
Performance
Domain? approach, cadence, and life cycle phases of the
project.

Project Management Institute.


(2022). A Guide to the Project
Management Body of
Knowledge (PMBOK® Guide)–
Seventh Edition.

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This material is being provided as part of a PMI® course.
10
Success in
this Domain Effective execution of this performance domain
results in the following desired outcomes:

Development approaches that are


consistent with project deliverables.

A project life cycle consisting of phases that connect


the delivery of business and stakeholder value
from the beginning to the end of the project.

A project life cycle consisting of phases that facilitate


the delivery cadence and development approach
required to produce the project deliverables.

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11
Some More
Critical
Definitions

DEVELOPMENT APPROACH
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12
Development
Approach
Extremes

PREDICTIVE HYBRID ADAPTIVE

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13
Recommendations
for Choosing a Characteristics
Development
Follow a generally sequential structure from start to finish
Approach
Well-planned-out steps

Delivers an output at the end of the project, not incrementally


throughout

Best Used When


Templates from previous, similar projects are available

Planning can be done reliably up-front

There are well-defined and stable scope, schedule, cost,


and resource needs

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14
Predictive
Life Cycle Feasibility Design Permits
Example:
Construction
Project
Site work Foundation Framing

Utilities Sheathing Finishing Acceptance

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15
Adaptive
Development Characteristics
Approaches
Uses an iterative approach that repeats project phases

Project moves to the next phase after customer feedback

Best Used When


Requirements are not well known up front

Requirements are known to be changing

Opportunity to receive frequent user feedback

Flexibility to change, refine, and even replace requirements

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16
Adaptive Life Review
Cycle Prototype

Example:
Software Feasibility Analysis Gather Design/
Design
Requirements Build
Development

Detailed System
Coding Testing
Design Integration

Show Pilot

Deploy

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17
Hybrid
Development Characteristics
Approaches
Elements of both predictive and adaptive approaches

Best Used When


High need for up-front research

Requirements indicate that deliverable must be implemented


in a predictable way

Project attributes suit elements of both predictive and


adaptive approaches

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18
Taste
Hybrid Life

Cook at Home
Cycle
Concept Recipe Cook Close
Example:
Explore restaurant options, set the menu
Opening
a Small
Restaurant Test

Rent a Kitchen
Hire Chefs Train Try Close

Train additional chefs, confirm business availability

Funding Location Permits Suppliers


Restaurant
Open a

Install Workforce Market Open


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19
Project Activities, Deliverables,
and Milestones

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20
What Is an
Activity? A distinct, scheduled portion of work performed
during the course of a project.

Lexicon of Terms | Project


Management Institute. (n.d.).
Retrieved from
https://www.pmi.org/pmbok-
guide-standards/lexicon

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21
Activities for a
Company Prepare a proposal for the Finalize contracts with the

Party party and a budget vendors

Identify potential locations Design invitations

Obtain permission for a Send out invitations


venue

Personally invite stakeholders


Identify the food vendor and
menu
Execute the party
Identify the music and
entertainment vendor Close the project and record
the lessons learned

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22
What Is a
Deliverable? Any unique and verifiable product, result, or
capability to perform a service that is produced to
complete a process, phase, or project.

Lexicon of Terms | Project


Management Institute. (n.d.).
Retrieved from
https://www.pmi.org/pmbok-
guide-standards/lexicon

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Deliverables
for a
Company
Party Prepare a proposal for the
Statement of work (SOW)
party and a budget

Identify the food vendor


Signed contract
and menu

Identify the music and


Signed contract
entertainment vendor

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24
Measuring
Deliverables
When deliverables are proposed, the project manager must
consider how they are to be assessed and measured.

When a deliverable is defined and assigned to a given resource,


these measures can communicate what level of effort is
expected.

This also enables you to reasonably measure progress against


expectations.

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25
What Is a
Milestone? A significant point or event in a project,
program, or portfolio.

Lexicon of Terms | Project


Management Institute. (n.d.).
Retrieved from
https://www.pmi.org/pmbok-
guide-standards/lexicon

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26
Working with
Milestones

A milestone has no duration or resources assigned;


it is simply a marker for reference.

At the point of project planning and estimating, a target date


should be assigned to each milestone.

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27
Meanwhile, Over at Tickets!

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28
Wyocroft Has
an Idea

Tracy has some


unreleased music
in her archive.

Wyocroft would like to


release a new song each
time the team hits a
major milestone.

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29
The Pressure
Is On

Before you can set some


milestones, you need to
figure them out.

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Your Task:
Develop a list of deliverables, supporting activities, and
Create
overall milestones for each of your teams.
Deliverables

15

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31
Return and
Report

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32
Wrapping Up

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33
Summary

• Fundamentals of the project life cycle

• Development approach and the life cycle performance


domain

• Life cycles in practice

• Considerations for selecting a development approach

• Project activity, deliverables, and milestones

©2023 Project Management Institute, Inc. All rights reserved.


This material is being provided as part of a PMI® course.
34
Up Next:
Predictive
Methodologies

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35

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