Assignment Topic Project Life Cycle

Assignment
Topic
Project Life Cycle
Name
Course
Purpose
Date
Introduction:
A ‘project' is a fixed of agreed sports with an exact start, center and end. Together those sports
produce commercial enterprise services or products in keeping with an accredited commercial
enterprise case that's backed via way of means of senior managers inside the organization.
'Project control' offers shape and manage of the assignment surroundings in order that the agreed
sports will produce the proper services or products to fulfill the customer’s expectations.
Projects are brief systems which have to be nicely controlled and managed for you to meet their
said objectives. They are normally introduced in surroundings wherein each investment and
sources are restricted and difficulty to competition. An assignment has a lifecycle, underpinned
via way of means of a plan, that's the route and series thru the diverse sports described to provide
its products. Project control is a managed implementation of the assignment plan beneath the
course of the organization’s senior control. Traditionally, a a success assignment is one which
has introduced its services or products in line with the assignment plan, assembly normal
commercial enterprise objectives. Project achievement is now visible increasingly in phrases of
turning in projected commercial enterprise blessings or the functionality required for blessings
transport inside the commercial enterprise.
Role of customer in Project Life Cycle:
The customer must be worried during the project lifestyles cycle. The customer is the only who's
procuring the project. Unsatisfied clients had been recognized to withhold payments, by no
means name you once more for repeat commercial enterprise, and unfold phrase in their
dissatisfaction. On the opposite hand, a happy customer will do the other of these things.
A customer takes rate for speaking venture wishes and ensuring that necessities had been met at
venture completion. Customers must participate in project making plans in any respect ranges
proper from kick-off-assembly to closure. During customer discussions, the patron must
additionally be accountable in defining his wishes. The customer is the entity that offers the
finances important to perform the venture. They must be worried during the lifestyles cycle. The
idea of customer pride is utilized by venture managers to create nice merchandise and services.
One of the advantages is that it lets in venture managers to recognize if they're doing nicely to fit
customer expectations. It is likewise used to pick out clients and expand extra approaches to keep
them. Customer pride performs a vital position inside your commercial enterprise. Not best is it
the main indicator to degree customer loyalty, pick out sad clients, lessen churn and boom
revenue; it's also a key factor of differentiation that lets you appeal to new clients in aggressive
commercial enterprise environments.
What aspects of a project might involve some degree of uncertainty Why?
Many variables, together with the timeline or the budget, may be situation to a few diplomas of
uncertainty. An unexpected snow fall ought to reason a motorway production mission to be
delayed, and growing lumber prices ought to boost the value of constructing a brand-new home.
Not the whole lot may be planned, scheduled, or budgeted in a mission.
Describe how a global project can be more complex than a project performed within just
one country. How might these elements affect the successful outcome of the global project?
Currency fluctuations and trade rates, country-particular paintings codes and regulations,
company joint ventures and partnerships that create entities with a presence and centers in a
couple of countries, political members of the family among countries, and the supply of high-call
for group of workers talents are all specific influencing elements for international projects.
Globalization alters the assignment's dynamics and provides a layer of complexity that could
have a bad effect at the assignment's final results if assignment individuals are ignorant of the
cultural variations and international commercial enterprise transactions they will experience.
What do you consider will be the biggest challenges in organizing and managing a pmo?
For any PMO, the most important venture is aid control. Some underlying issues of terrible aid
control are:
• Scope creep
• Inconsistent deployment of assets
• Lack of time control
• Abysmal planning
• Unrealistic budgets and schedules
• Inability to degree ROI
Resource allocation can best be stepped forward if the PMO is aware the scope and goal of the
project. Based on this, you could allocate assets and put together for surprising constraints.
Explain with examples how the project manager leadership style can influence project
success?
The project is much more likely to be successful whilst project leaders alternate their fashion to
suit the needs of character group participants. The extra project control enjoys someone has, the
much more likely she or he is to steer a task group to a success task outcome. They use
outstanding management talents to encourage their groups to fulfill task targets and whole
project deliverables for you to meet project targets. As they make their character and institution
contributions towards reaching the project goals, leaders help group participants in helping one
another.
Why audit an organization from a project management perspective is important?

A project audit is an possibility to locate difficulties, concerns, and limitations that stand up for
the duration of the route of a project's execution. It presents the project manager, sponsor, and
team with an intervening time evaluation of what has long past properly and what desires to be
addressed so as for the project to be finished successfully. By presenting a forensic assessment
on the quilt of a project, a project audit may be applied to create achievement standards for
destiny initiatives. This evaluation will assist you to see which elements of the mission have been
efficaciously controlled and which of them posed a few difficulties. This will help the
commercial enterprise in figuring out what it desires to do with a purpose to keep away from
making the equal errors on destiny initiatives.
Conclusion:
For the organization to control the undertaking, undertaking control is critical. In order to
construct a hit undertaking plan, a crew chief ought to apprehend the undertaking lifecycle,
danger, and danger control. Furthermore, the usage of the correct era throughout system time
estimation whilst thinking about the iron triangle would possibly assist the undertaking attain its
target. However, team undertaking managers ought to take into account that if the undertaking
seems to be failing to fulfill its objectives, they ought to recognize whilst to name it an afternoon
earlier than going over budget.
Reference:
http://en.wikipedia.org/wiki/Project_management, viewed October 31, 2009
http://office.microsoft.com/en-us/project/HA102354821033.aspx, viewed October 31, 2009
http://www.brunswickis.co.uk/project-management-glossary.asp, viewed October 30, 2009
http://www.berr.gov.uk/files/file40647.pdf, viewed October 30, 2009
Bryde, David. “Perceptions of the impact of project sponsorship practices on project

success”. International Journal of Project Management. Vol. 26 Issue 8 (2008): 800-809.
http://www.traue.com/pm/page4.html, viewed November 2, 2009
Berlin, Stanislav , Raz, Tzvi , Glezer, Chanan , and Zviran , Moshe . “Comparison of
estimation methods of cost and duration in IT projects”. Information and Software
Technology. Vol. 51, Issue. 4 (2009): 738.
http://www.ehow.com/facts_5544446_advantage-management-information-system.html,
viewed October 25, 2009

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Assignment

Project Life Cycle

Role of customer in Project Life Cycle:

What aspects of a project might involve some degree of uncertainty Why?

Why audit an organization from a project management perspective is important?

http://en.wikipedia.org/wiki/Project_management, viewed October 31, 2009

http://office.microsoft.com/en-us/project/HA102354821033.aspx, viewed October 31, 2009

http://www.brunswickis.co.uk/project-management-glossary.asp, viewed October 30, 2009

http://www.berr.gov.uk/files/file40647.pdf, viewed October 30, 2009

Bryde, David. “Perceptions of the impact of project sponsorship practices on project

http://www.traue.com/pm/page4.html, viewed November 2, 2009

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