Project Life Cycles Flashcards

1
Q

Explain a Linear life cycle

A

Linear requires detailed upfront planning, delivering each part of the project before moving onto the next. Good for predictable processes, but you don’t get a usable product until the end. This model is highly predictive.

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2
Q

Explain an Incremental life cycle

A

Incremental is similar to Linear, but each step produces a usable product, so has the benefit of quick wins & gaining buy-in early on.

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3
Q

Explain an Iterative life cycle

A

Iterative or Agile is where each step feeds information back into the project, so you can adapt future iterations & change your approach.

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4
Q

Explain an Evolutionary life cycle

A

Evolutionary is good if you can’t fully visualise the final product yet. Similar to Iterative, but you only understand the final product at the end. This model is highly adaptive.

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5
Q

Explain a Hybrid life cycle

A

Hybrid uses a combination of Linear & Iterative. May switch from one method to another at different stages of the project.

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6
Q

Give the standard stages of a Linear life cycle

A
  1. Concept: outline the business case
  2. Definition: plan the timescales, costs & risks
  3. Deployment: build & deliver the product
  4. Transition: handover to BAU & closure
    An Incremental life cycle is very similar, but the Deployment stage may have handover points throughout, before the final Transition stage.
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7
Q

Why are projects structured in phases?

A
  • Helps resource allocation & estimation
  • Allows governance & control with reviews of each phase
  • More effective stakeholder communication
  • Keeps team focussed on current work & appropriate priorities
  • Risk assessment is more relevant & focussed
  • Enables continuous improvement
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8
Q

Explain the difference between a standard and extended project lifecycle

A

Extended Lifecycle also includes Benefits Realisation.
Accountability for output/benefits stays within the project until fully embedded in BAU.

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9
Q

Why use knowledge/information management to inform decision making?

A
  • Ensures lessons learnt are captured & embedded
  • Avoids repeating mistakes
  • Helps generate ideas & solutions
  • Supports decision-making process
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10
Q

Benefits of conducting reviews, decision gates & audits through the life cycle

A
  • Reviews: held during the life of a project to ensure that various criteria, important at that point, are met.
    ○ May be different types e.g. Gate Review (between phases), Stage Review (throughout Deployment phase), Post-project Review (at the end) and Benefit Review (to check the benefits have been realised).
  • Decision Gates: increased senior stakeholder involvement and agreement to move into the next phase of the life cycle.
  • Audits: provide independent assessment of compliance. Can be done by Project Management Office or an external organisation.
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11
Q

Why might projects close early?

A
  • Can be an outcome of a Gate Review
  • Governance must encourage organisation to see closure as a success rather than a failure
  • Further information may be discovered or found during research which makes the project non-viable, e.g. while developing a new medication.
  • No longer aligned to business strategy.
  • Planned benefits no longer available.
  • Results of earlier work are not favourable.
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