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The document outlines the Project Life Cycle, defining it as the sequence of phases a project undergoes from initiation to closure. It emphasizes the importance of this cycle for systematic planning, control, and decision-making, detailing key phases such as initiation, planning, execution, monitoring and controlling, and closing. Additionally, it provides examples and case studies to illustrate the application and benefits of following the project life cycle.

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Ibtisam Elahi
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2 views

2

The document outlines the Project Life Cycle, defining it as the sequence of phases a project undergoes from initiation to closure. It emphasizes the importance of this cycle for systematic planning, control, and decision-making, detailing key phases such as initiation, planning, execution, monitoring and controlling, and closing. Additionally, it provides examples and case studies to illustrate the application and benefits of following the project life cycle.

Uploaded by

Ibtisam Elahi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 11

Understanding

Project Life Cycle


Navigating the Stages of Project
Development

1 Rizwan Rasheed
Course Instructor, Fundamentals of Project Management
2
Agenda
 Definition of Project Life Cycle
 Importance of Project Life Cycle
 Key Phases in Project Life Cycle
 Examples and Case Studies
3
Definition of Project Life Cycle

 Definition: "A project life cycle is the


sequence of phases that a project goes
through from initiation to closure. Each
phase represents a distinct stage in the
project's development."
4
Importance of Project Life
Cycle
 Ensures systematic approach
 Facilitates planning and control
 Defines project milestones
 Guides decision-making
5 Key Phases in Project Life Cycle
 Initiation Phase
 Definition: "Defining the project at a broad level and obtaining
approval to begin."
 Key Activities: Identifying stakeholders, defining project objectives,
and obtaining initial budget approval.
 Planning Phase
 Definition: "Outlining the project, refining objectives, and planning
the course of action."
 Key Activities: Creating a project plan, defining scope, estimating
resources, and developing schedules.
 Execution Phase
 Definition: "Putting the project plan into motion and managing
project performance."
 Key Activities: Team mobilization, task execution, project
monitoring, and communication.
6
Key Phases in Project Life Cycle
 Monitoring and Controlling Phase
 Definition: "Tracking, reviewing, and regulating the progress and
performance of the project."
 Key Activities: Monitoring project variables, managing changes,
and ensuring quality control.
 Closing Phase
 Definition: "Finalizing all project activities, completing deliverables,
and obtaining customer or stakeholder acceptance."
 Key Activities: Obtaining project approval, releasing resources, and
closing contracts.
7 Visual
Representation
8 Iterative Nature of Project Life
Cycle
•Explanation: Highlight that the project
life cycle is often iterative, with
opportunities for feedback and
adjustments at each phase.

•A Case Study (Burj Khalifa)


9 Examples and Case Studies
London 2012 Olympics (2005-2012):
 Initiation Phase: Decision to bid for hosting the Olympics, setting the goal of
hosting a successful event.
 Planning Phase: Developed plans for infrastructure, venues, and event logistics.
 Execution Phase: Constructed venues, organized events, and managed logistics
during the Games.
 Monitoring and Controlling Phase: Monitored progress, and adjusted plans for
unforeseen challenges.
 Closing Phase: Successful conclusion of the Olympics, with positive impacts on
infrastructure and tourism.

Case Studies:
 Denver International Airport (DIA) Baggage Handling System (1994)
 Healthcare.gov Website Launch (2013)
 Sydney Opera House Construction (1973)
1 Benefits of Following Project Life
0 Cycle

 Improved project management


 Enhanced communication
 Better risk management
 Increased likelihood of project success
11 Conclusion

 Recap of key points: Definition,


importance, phases, and
benefits of the project life cycle.

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