IT Projecl managsment 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 a preliminary or very rough cost estimate is evelope d An overview of the work involved is created Work breakdown structure-WBS Context and processes
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 Projecl managsment Phases of the Project Life Cycle ■ Development phase The project team creates a more detailed project plan a more accurate cost estimate aa 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 Context and processes 12
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 Projecl managsment Phases of the Project Life Cycle a Implementation Phase The project team delivers the required work a Creates a definitive or very accurate cost estimate a Provides performance reports to stakeholders a The bulk of a project team's 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 Projecl managsment Phases of the Project Life Cycle a 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 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 Projecl managsment Phases of the Project Life cycle Project Feasibility Project Acquisition Concept_Development- Implementation_Close-out Management project plan Last work package Completed work Sample deliverables Preliminary Budgetary cost Definitive cost Lessons learned for each cost estimate estimate estimate phase 3-level WBs 6+-level WBS Performance Customer reports acceptance Context and processes 15
Context and Processes 15 Phases of the Project Life Cycle IT Project Management