Foundations of PM - Module 3 - The project management Life Cycle and methodologies Flashcards
What is the project lifecycle?
is the project basic structure.
What are the 4 major phases of project lifecycle?
- Initiate the project
- Make a plan
- Execute & complete tasks
- Close the project
What is the initiate project phase?
- Define project goals and deliverables
- Identifiy budget and the resources
- People who will be involved in the project
What is the Make a plan phase?
- Creating a plan how to meet your goal
What is a execute and complete tasks phase?
- Project team has the responsibility to complete the tasks
What is the Close project phase?
- Chace to evaluate how the project went
- Take a time to reflect what went well and what went not so well
- Hand over the project to another group to continue to support the system on a day to day basis.
What are the Initiate the project phase actions?
- Define project goals
- Determine resources, people, equipment, software, vendors, physical space, location
- Get project approval
What are the Make a plan phase actions?
- Create a budget
- Set the schedule
- Establish your team
- Determine each person role and responsibilities
- Plan for risk and change
- Establish communication
What are the actions for Executing and complete tasks?
- Manage the progress
- Communicate with the team and anyone else involved to the project
- Make adjustment to schedule, budgets, allocation of resources
What are the actions of Close the project phase?
- Ensure all tasks were completed
- Invoices paid, Resources has been returned, project docs submitted - Confirm acceptaionce of the project outcome.
- Reflect what went well and what went wrong. Retrospective notes.
- Communicate results with stakeholders
-collect all project documentation, plans, share the final results with the stakeholders. Clients, department manager, users, community. - Celebrate the completing the project
- Formally move on from the project
In the project initiation phase what questions can be asked to help set the foundation of the project?
- Who are the stakeholders?
- What are the clients or customers goals?
- What is the purpose and mission of the project?
- What are the measurable objectives for the team?
- What is the project trying to improve?
- When does this project need to be completed?
- What skills and resources will the project require?
- What will the project cost? what are the benefits?
In the make plan phase what questions can be asked?
Create a detaile project plan.
1. What are the major milestones?
2. What tasks or deliverables make up such milestone?
Build out the schedule to manage the resources, budgets, materials, timeline. Create itemized budget.
Execute the project phase what actions involves?
- Monitor your porject team as they complete the project tasks
- Break down any barries that would slow or stop the team from completing the tasks
- Help keep the team aware of schedule and deliverable expectations
- Address weaknesses in your process or examine places where your team may need additional training to meet the project goals
- Adapat to changes
What actions is involved in the close the project phase?
- Check if all outcome are completed
- Release your team so they can move on to another project
- Celebrate the success
- Pas soff all remaining deliverables and get stakeholder approval
- Document the lessons learned
- Reflect on ways to improve in the future.
By following the project life cyle what can you ensure?
- Capturing the expectations of your customer
- Setting your project up for success with a plan
- Executing project tasks and addressing any issues that arise
- Closing out your project to capture any lessons learned.
What is a project management methodology?
Is a set of guiding principles and process for owning a project throug its life cycle.
What is a linear type methodology?
Linear means the previous task must be completed before the next can start.
Like building a house.