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Project Life Cycle

The document discusses the project life cycle which consists of sequential phases from initiation to completion. It describes 10 total phases including the corporate vision and values phase, business case phase, project feasibility phase, project definition phase, design and development phase, commissioning and handover phase, operation and startup phase, project upgrade phases, and project disposal phase. The purpose is to plan and organize a project by grouping activities into distinct phases to efficiently allocate resources and measure progress.

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Cassandri Labuschagne
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95 views

Project Life Cycle

The document discusses the project life cycle which consists of sequential phases from initiation to completion. It describes 10 total phases including the corporate vision and values phase, business case phase, project feasibility phase, project definition phase, design and development phase, commissioning and handover phase, operation and startup phase, project upgrade phases, and project disposal phase. The purpose is to plan and organize a project by grouping activities into distinct phases to efficiently allocate resources and measure progress.

Uploaded by

Cassandri Labuschagne
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
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PROJECT LIFE

CYCLE
Learning Outcomes
• Understand how a project can be subdivided into several phases
• Understand the structure of the ten-phase product lifecycle
• Calculate and plot a line graph of the level of effort ‘S’ curve
• Understand the life cycle costing technique
• Understand how the project life cycle can be subdivided into contracts
Project Life Cycle
◦ A project consists of sequential phases which are extremely useful in planning a
project since they provide a framework for budgeting, labor hours and resource
allocation, and for scheduling project milestones and project reviews.
◦ PMBOK defines a PLC as the series of phases that a project passes through from its
start to its completion.
◦ Project activities must be grouped into phases because by doing so, the project
manager and the core team can efficiently plan and organize resources for each
activity, and also objectively measure achievement of goals and justify their decisions
to move ahead, correct, or terminate
Project
Life Cycle
Project Initiation phase
◦ In a project’s initial phase, cost and staffing levels relatively low. There are only a few
key project team members who spend their time on the project at this point.
◦ Few Input materials are purchased, and the company’s financial commitment is still
limited.
◦ There is still a likelihood that the project may not be completed. Many projects reach
this phase only to be discontinued when if the Return on Investment (ROI) does not
meet requirements
Design and development phase
◦ Spending increases in this phase. This is a result of having more people working a
greater amount of time on the project.
◦ At this time the cost of changes and the impact of the risks increases as well, since it
will take more effort and time to make corrections.
◦ At some point the project’s rate of spending begins to decrease. This is because
some of the people on the project team have completed their work and are moving on
to other projects.
◦ Much of the material and equipment has been purchased. From this point on the
project will spend less and less.
Commissioning and handover
phase
◦ It is important that the project manager makes a transition of the
stakeholders, changing from the project team to an ongoing
maintenance and support group.
Commissioning and handover
phase
◦ Project closeout includes the following key elements:
◦ Turnover of project deliverables to operations
◦ Redistributing resources—staff, facilities, equipment, and automated systems
◦ Closing out financial accounts
◦ Completing, collecting, and archiving project records
◦ Documenting the successes of the project
◦ Documenting lessons learned
◦ Planning for Post Implementation Review
Level of Effort
The level of effort is commonly expressed as man-hours or expenses/cost. This is
differs over the different stages of the project and is useful to guide the project manager
as to how many hours to spend within each phase (Burke, 2018:104).
Project Life Cycle -Ten Phases
◦ The Ten Phase Cycle is termed the Corporate Life Cycle and combines the Product Life Cycle
as well as the Project Life Cycle.
Project Life Cycle- Ten Phases
◦ Project Life Cycle has the first four phases from the Project Feasibility Phase to Project
Disposal Phase.
◦ The Product Life Cycle starts from the Business Case Phase whilst the Corporate Life Cycle
starts with the Corporate Vision and Values
Project Life Cycle Ten Phases
Corporate Vision and Values Phase
The phase establishes the corporate vision and values, which outlines the purpose and long term
aims of the company, together with the details of the company’s culture, philosophy and the way
the company intends to do business.
Output document: Corporate Vision and Values Statements
Corporate Requirement Phase
Investigates what the company needs to do to achieve the stated vision and values, and maintain
competitive advantage to stay in business.
Project Life Cycle Ten Phases
Output document: Corporate Requirements
Business Case
Outlines the corporate strategy indicating how to address the requirements and opportunities
with a number of proposals. The company seek to use the company resources to pursue the
company course of action.
Output document: Business Case
Project Life Cycle Ten Phases
Project Feasibility Phase
Assesses the project charter and business case to confirm ton confirm they are feasible to
manufacture and implement within identified constraints.
Output document: Feasibility Study Report
Project Definition Phase
Uses the guidelines from the feasibility study to design project configuration, outline the built-
method and develop detailed schedules and plans.
Project Life Cycle Ten Phases
Output document: Certificate of completion
Project Commissioning and Handover Phase
Inspects and tests the project to confirm the project has been made to the approved design and
has achieved the required performance.
Output document: Project Close-out Report
Project Life Cycle Ten Phases
Operation and Start-up Phase
Implements the new facility, product or service into the operational environment.
Output document: Business Case Closeout report
Project Upgrade Phases
Incorporates the latest technology and systems to keep the project running efficiently and
competitively in the changing market.
Output document: Upgrade Closeout Report
Project Life Cycle Ten Phases
Project Disposal Phase
Brings the project to a formal closure by dismantling the facility and restoring the environment to
its original state.
Output document: Disposal Close out Report

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