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Project Life Cycle

This document discusses the typical project life cycle phases: initiation, planning, implementation, and closure. It describes the key activities in each phase, including assessing feasibility, defining objectives, developing detailed plans and schedules, executing the project as planned, and commissioning the completed project. The intensity of project activities generally increases through the planning and implementation phases before decreasing in the closure phase. Understanding the typical phases and sequencing allows for more efficient project management and control.

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82 views10 pages

Project Life Cycle

This document discusses the typical project life cycle phases: initiation, planning, implementation, and closure. It describes the key activities in each phase, including assessing feasibility, defining objectives, developing detailed plans and schedules, executing the project as planned, and commissioning the completed project. The intensity of project activities generally increases through the planning and implementation phases before decreasing in the closure phase. Understanding the typical phases and sequencing allows for more efficient project management and control.

Uploaded by

paras ke ideas
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BBA VI SEM

PROJECT PLANNING AND MANAGEMENT


(606FM)
UNIT 1
PROJECT LIFE CYCLE

-By
Ms. Simran Agarwal
CONCEPT

• The project life cycle shows how a project can be subdivided into several
phases presented sequentially along a project timeline.
• Every project has certain phases of development. A clear understanding of
these phases allows managers and executives to control the project more
efficiently.
• All the phases of a project from start to end are known as life cycle phases. The
project life cycle i.e. the number of phases may differ from project to project.
PROJECT INITIATION
• The feasibility phase assesses the business case to confirm it is feasible to
manufacture and implement.
• If there are several possible business case solutions, the feasibility study will rank
the business cases in order of how well they are addressing the client's
requirements.
• This is the phase when a problem is identified and potential solutions are suggested
i.e. ideas are conceived.
• After the feasibility study, once the objectives have been clearly defined then the
appraisal of the solutions is conducted in terms of risk, financial commitment, and
benefits.
• In case project ideas are found feasible from all considerations, it is then given a go-
ahead signal.
PROJECT PLANNING
• The project definition phase uses the guidelines from the feasibility study to design the
product, outline the build method and develop detailed schedules and plans (baseline
plan) for all the knowledge area topics required to make the project.
• Once the investment decision is taken, the design or the planning stage of the project
starts.
• In this phase, original ideas are amplified to prepare a 'blueprint' for the next stage. It
means technical parameters are frozen and basic designing is completed and specifications
for equipment are finalized, costs are estimated in detail, a schedule for the project is
planned and steps are taken for raising funds and resources at the end of the design phase
blueprint is ready for execution. The output of the design phase is called "Detailed Project
Report (DPR)".
• Usually, DPR is further examined by the concerned organization. From the first phase to
the second phase of the project life cycle, the intensity of activities continuously increases.
PROJECT IMPLEMENTATION
• The project execution phase uses the design and project plan from the
definition phase, together with the execution strategy, to construct the project.
• In the third phase project moves for execution or production where the
emphasis is given to give physical shape to the ideas presented in DPR.
• In this phase procurement of resources (material/machinery) starts.
• The intensity of activities further builds up and reaches to peak in the 3rd
phase, however when execution approaches completion the intensity of
activities starts falling again. This is the most important phase. The demand for
the project manager is at its peak in this phase.
• There is a great need for continuous monitoring and control of all activities in
this phase.
PROJECT CLOSURE/TERMINATION
• The project commissioning and handover phase inspects and
confirms the project has been made to the approved design and
then hands over the project to the client for operation.
• It is the last phase of the project cycle. During this phase, the
constructed facilities are tested one by one and final teething
problems are solved. If the trial is successful then the
commissioning is complete.
• After commissioning, the project is handed over. This stage might
include training of operating personnel. In this phase intensity of
activities reduces to minimal at the end.
LIFE CYCLE GRAPH BETWEEN INTENSITY OF ACTIVITIES AND
TIME

Phase-I → Feasibility/ Appraisal/ Conception


Phase-II → Design/ Planning and scheduling /
Development/ Definition
Phase-III → Implementation / Execution/ Production
Phase-IV → Commissioning/ Termination/ Transfer
• The important elements of a project life cycle are:
– Operations /activities: Which should be performed in sequence
– Resources: Manpower, Material, Money Machinery, etc.
– Constraints and external conditions.
THANK YOU!!

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