IT Projectmanagement Phases of the project life cycle Concept Phase Managers usually briefly describe the project Develop a very high-level or summary plan for the project, which describes the need for the project and basic underlying concepts a preliminary or very rough cost estimate is develope d An overview of the work involved is created Work breakdown Structure- WBS Context and processes 11
Context and Processes 11 Phases of the Project Life Cycle ◼ Concept Phase ◼ Managers usually briefly describe the project ◼ Develop a very high-level or summary plan for the project, which describes the need for the project and basic underlying concepts. ◼ A preliminary or very rough cost estimate is developed ◼ An overview of the work involved is created ◼ Work Breakdown Structure – WBS IT Project Management
IT Projectmanagement Phases of the Project life cycle ■ Development Phase The project team creates a more detailed project plan aa more accurate cost estimate A more thorough Wbs This phased approach minimizes the time and money spent developing inappropriate projects aa project idea must pass the concept phase before evolving during the development phase Context and processes
Context and Processes 12 Phases of the Project Life Cycle ◼ Development Phase ◼ The project team creates a more detailed project plan ◼ A more accurate cost estimate ◼ A more thorough WBS ◼ This phased approach minimizes the time and money spent developing inappropriate projects. ◼ A project idea must pass the concept phase before evolving during the development phase. IT Project Management
IT Projectmanagement Phases of the Project life cycle Implementation phase The project team delivers the required work Creates a definitive or very accurate cost estimate Provides performance reports to stakeholders The bulk of a project teams efforts and the most money are usually spent during the implementation phase of projects Context and processes 13
Context and Processes 13 Phases of the Project Life Cycle ◼ Implementation Phase ◼ The project team delivers the required work ◼ Creates a definitive or very accurate cost estimate ◼ Provides performance reports to stakeholders ◼ The bulk of a project team’s efforts and the most money are usually spent during the implementation phase of projects. IT Project Management
IT Projectmanagement Phases of the Project life cycle a Close-out Phase All of the work is completed a Customer accepts the entire project The project team should document their experiences on the project in a lessons-learned report Context and processes 14
Context and Processes 14 Phases of the Project Life Cycle ◼ Close-out Phase ◼ All of the work is completed ◼ Customer accepts the entire project ◼ The project team should document their experiences on the project in a lessons-learned report IT Project Management
IT Projectmanagement Phases of the project life cycle Project Feasibility Project Acquisition Concept-Development- Implementation-Close-out Management Project plan Last work package Completed work p Sample deliverables Preliminary Budgetary cost Definitive cost Lessons learned for each cost estimate estimate estimate hase 3-level WBs 6+-level WBS Performance Customer reports acceptance Context and processes
Context and Processes 15 Phases of the Project Life Cycle IT Project Management