Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                

Question One: Discussion of The Project Life Cycle: Conceptuali Ze Deliver & Close Out

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 4

Question One: Discussion of the project life cycle

Deliver &
Close out

Conceptuali
ze

Integrate

Planning

Control

organize

implement

Any projects have to pass through the following 7 life cycles to be concluded
consecutively: conceptualize, plan, organize, implement, control, integrate, deliver
& close out, and finally, knowledge leverage.
Conceptualize : This is the initial stage in the project. At this stage the project is
sprouted as an organizational dream or vision which stems out of the demand of the
business, social or environmental need of the organization in line with its stated
business objective. The conceptualization takes place at Apex level of the
organization ( Sponsor of the project) may or may not relay upon the feed backs
from various stake holders. At this stage a business case analysis duly authorized by
the top management is carried out to evaluate the following:
The need and reason for which the project is undertaken
The changes that the project is expected to accomplish
The key project requirement that are required to achieve the project goal(s)
Further to the business case analysis, feasibility study covering both financial
and nonfinancial aspect of the project is done. Various evaluating tools available
for this purpose is employed as per the scale of the project. A Project Charter
comprising of the above aspects is delivered in to next stage in the life cycle.
Planning. Planning is an art and science of converting a set of objectives to
realization through a series of steps executed in an organized and predicted
way so that there will be less requirement of changes in the scheme on a later
day. Planning is a dynamic activity and it may change from time to time but

planning is essential before the implementation or execution phase of the


project starts.
The ultimate aim of the plan is to avoid course and mid course changes as too
many changes can lead to time and cost over runs and eventually affect the
project success. Role of a Project Manager and his team is of paramount
importance at this stage. A Project Management Plan is the outcome of this
stage of project life cycle. The project management plan encompass the
following aspects in details.
Why of the project ( Mitigating a threat or utilizing an opportunity)
What is the objective of the project
Who will execute what
When will various activities be executed
Where will the project be set up.
How the project activities will be carried out
How much of various items will be executive.
Plan and control are two significant stages in the project. The plan forms the
basis for control of project activities. In essence, without plan there will not
anything to control. Therefore, planning forms a major stepping stone towards
project implementation and its success.
Organize: This stage follows the planning stage. Organizing stage deals with
laying foundation for implementation stage. In organization stage various
statutory approvals, financial commitment from sponsor, concurrence from other
stake holders of the projects etc are obtained. Responsibility matrix, in line with
the work breakdown structure delivered from project management plan, is put in
place. The implementation team and control teams are drawn and due
responsibilities are assigned.
Various vendors, suppliers and service providers are finalized. A start up check
list is drawn. The readiness to commence the physical work is the outcome of
the Organization stage. The organization stage marks firm financial and
management commitment on the project and abandoning the project at this
stage and beyond carries increased risk. Therefore a system of risk and risk
management system is also put in place at this stage and beyond.
Implement. Implementation stage is marked with increased physical activities
and cash flow. The various elements of the projects are procured, constructed,
installed and monitored. A project implementation team is put in place before
the commencement of this phase. They derive inputs from planning and
organizing stage to draw execution strategies.
Issue management, team management and interface management play vital
role in project implementation. The implementation team has to coordinate with
planning and organizing team on one hand, Client and other stake holders on the

other hand.
As the expectation of the stake holders can vary, the
implementation team has to play a balancing role while keeping the project
charter in general and objective of the project particularly in focus. Abandoning
of the project at this is highly risky. The changes in the scope at the advanced
implementation stage become difficult, costly and risky. This calls for greater
change control management and cost control management.
Control. The control phase of the project spreads over the implementation,
integration and delivery stages of the project. Controls are exercised in order to
avoid deviations from the plan. It also ensures conformance of the project to the
set goals. Various Control aspect and their brief function are listed
Budget control
: Monitoring of project budget and controlling cost.
Quality control
: Compliance to standards are monitored
Schedule Control: Monitoring of time duration of the project activities
Change control: Evaluation and implementation of changes.
Risk Control: Evaluation and mitigation of risks
The control process starts at post planning stages and span over the rest of project
life cycles. It provides vital management information to the various stake holders to
enable them to evaluate the project progress from their perspective. Control
process calls for through understanding of project charter and project
implementation plan with specific stress on the scope of the project. It is the control
that steer the project into success with least deviation in time frame, budget and
scope.Control phase also delivers valuable information for similar future projects.
Integrate. Integration phase is where interfacing of different project elements
takes place . Different activities, elements and interfaces are integrated, checked
and tested in conformance with the stipulated scope objective.It involves
assembling, articulating, consolidating and executing integration activities so that
the project output is ready to be delivered.
Since integration stage acts as a conformance conduit through which the finished
product or service reaches the client or end user, it is essential that the stage is
handled with high personnel and professional standards in order to avoid rejection
of the product or service and thereby affecting the project goal and organizational
objective. The product or service that does not conform to the standard shall be
sent back to the implementation stage for re work or rectification.

Deliver and Close out Stage. Once the output of the project is ready and has
passed through the integration phase, it has to be handed over to the client for
intended use. This involves provision of certificate of completion, installation/
implementation, training and conformance acceptance by client or end user etc.
Once the delivery is successfully completed and the deliverable and handed over to
the client and maintenance is taken over by services or operation department, the

close out activities of the project began. The close out stage is related to following
activities are of prime importance.
PO Close out
Legal Close out
Project close out
All the vendor transactions have to concluded and closed. All agreements have to
be taken to their legal conclusion and files have to be closed. The project team has
to be disbanded after due performance evaluation for awards, recognition and
future records. All the files, drawings, assets and accounts have to be deposited
with the project sponsor or management authorized by its. A details project close
out report is the outcome of the close out stage. It provides valuable inputs to the
Knowledge leverage stage.
Knowledge Leverage: Every project is unique and therefore brings out new
revelations which can gainfully be used in similar projects. In view of the above, the
lessons learned from a projects is systematically recorded and deposited with the
organizations knowledge bank for future use, Such reports derived from project
close out reports provides immense information and aid the management to decide
upon further scaling up of the project and embarking on similar projects. The project
conceptualization and evaluation becomes less risky when bench marked against
already successfully completed projects. Thus knowledge leverage provides the
management with a decision making indicator.

You might also like