Project Management Life Cycle

write 200-250 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Research the project management Process Groups and the project life cycle structure in Project management: A systems approach to planning, scheduling, and controlling, and then respond to the following:

Identify the typical phases of a project life cycle and the processes used in each phase.
Identify and explain one of the tools and techniques used in project scheduling, (examples, Gantt chart, Network Diagrams, WBS, PERT, CPM) and explain how it can be used to manage or control the project schedule.

Sample Solution

Phase 1: Initiation – This phase involves the identification of a project and its objectives, development of a charter that outlines the scope and time-frame for completion, selection of stakeholders and team members, and approval from upper management. The processes used in this phase include stakeholder analysis, cost/benefit studies, business case development, risk assessment procedures.

Phase 2: Planning – This phase involves creating detailed plans for project execution including developing a timeline with milestones and tasks as well as estimating resources needed to complete them. Processes used in this stage include Gantt charting, critical path analysis, resource allocation procedures.

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