Project process cycle , Project Management

Project process cycle 

Any project professionally planned will target specified goals within the framework of time with available resources. The project passes through the following six phases for achieving the desired tasks: 

1.  Conceptualisation: The conceptualisation stage gives a broad outline of project, its purpose and budget estimates for the same

2. Project definition: A project, post conceptualisation enters this stage if it is technically feasible. This phase defines the project in detail, develops the project description and determines time schedules, mode of accomplishment of work and resource estimates. 

3.  Planning: This is a crucial phase of any project since the success of the project totally depends on the professionalism built in this stage. Planning takes care of creating the organisation to manage the project, developing detailed plans, identifying tasks, budget and resources. This should also define how the various tasks and activities in the project will come together to complete the task. 

4.  Preliminary studies: This stage involves a review of planning done in the previous stage before execution of the project begins. In this phase, the assumptions made in project plans are validated through various modes like data collection, discussions with experts, and so on.  

5.  Performance:  This phase entails execution of the project as per the plan. The project manager will  use all the project control tools and techniques in executing the project. This activity consumes the longest time and large resources compared to other phases of the project. 

6.  Post completion:  In this stage, the project manager evaluates the results and confirms that the results meet the expectations of the management. The project teams meet to discuss the strengths and weaknesses of the project, the effectiveness of the systems and procedures for future reference. This is followed by reassignment of project personnel to other projects. All other activities like restoration of equipment, facilities and so on are also taken care of in this stage. Documents connected with the project are filed systematically for future reference. 

We must note that the contract process cycle begins with the initial stages of the project process. Hence, documentation process can be effectively managed if the phases of the project are systematically planned and adhered to. 

Posted Date: 9/27/2012 8:11:56 AM | Location : United States







Related Discussions:- Project process cycle , Assignment Help, Ask Question on Project process cycle , Get Answer, Expert's Help, Project process cycle Discussions

Write discussion on Project process cycle
Your posts are moderated
Related Questions
Want to create a feasibility study for class assignment using consulting firm as my entrepreneur business located in Charlotte, North Carolina USA question..

Stages of Cost Reduction The quality costs are the costs which are associated with preventing, finding, and correcting the defective work. These costs are vast which runs 20% -

Define the term Earned Value Management in short. Earned Value Management (EVM): Earned Value Management (EVM) is a project management system which combines schedule and

Laudon & Laudon''s Four-Step Problem-Solving & IS-Building Model and/or the Integrated Framework for Describing and Analyzing Information Systems to:  investigate persisting busin

Define the term Scenario Planning in risk management. Scenario planning: It is about perceiving uncertainties for example identification of risks and the growth of pre-em

Describe your approach to tracking a project?

Scheduling  Once a program plan is approved, good scheduling is the heart of the program management process. Program schedules provide adequate time to ensure that the work bre

Define the critical path analysis in risk management. Critical path analysis (CPA) or network analysis: Gantt charts are a poor time management tools while projects are l

O perating characteristic curve The operating characteristic curve for a sampling plan quantifies the risks. The OC curve for an attribute plan is a graph of the percentage de

Explain about the implementation phase. Implementation phase: The project takes shape throughout the implementation phase. It includes the construction of the real projec