Project Life Cycle Analysis

1753 Words8 Pages
On 10th April 1912, the biggest ship in the world; the Titanic made her maiden sail.The project which had endured for three years provoked many questions regarding how it was managed when the ship sunk four days later killing 1500 people.In the same year, the Pyramids at Giza that were built in twenty years were approximately 3800, years old. The success or failure of these two projects depended on the project management conception to completion.This is referred to as the life-cycle which shows the outline of a project from its conception to its completion and improves its oversight by dividing the project life into five phases: Initiation, Planning, Execution, Monitoring and Control, and Closing while giving a distinct outline of the activities…show more content…
A project life-cycle also gives a generic and easy framework.This makes the communication to the various stakeholders i.e. the organization’s shareholders who may be well unacquainted with the in-depth details of the project easier.The distinct outline of the project life cycle and effective project oversight are one among the factors that translates to how successful a project is when completed.The essay aims to discuss the relation of project life-cycle phases to successful project management while outlining the activities in each phase of the life-cycle. The essay will also test the project life-cycle and the risk of the …... and their relation to helping …...company meet its strategic…show more content…
It depicts the consummation of the plans and activities outlined in the project charter and proposal. This makes it the longest phase as observed in large infrastructure projects a case in point given by (Koster, 2009).Whereby, the implementation may take six years while initiation and planning may both take three years; since in this phase, project objectives become tangible. As it is physically constructed and for this to happen many resources, energy and time are needed. Ten factors critical to the success of project implementation and bringing it to life as discussed by (Pinto & Slevin, 1987). These include clearly defined objectives, a competent project manager and team, top management support, sufficient resource allocation, adequate communication channels, well-established control mechanisms, excellent feedback capabilities and responsiveness to clients. An analysis of these factors shows that project managerial efficiency is vital for the successful execution of a project. For the project management to be efficient, it is crucial for the project manager to establish that these factors are either strategic or tactical. Subsequently, find a middle point that empowers him/her to be both an ingenious strategist and an adept tactician. The strategic factors; clearly defined objectives and executive management support drive and shape the tactical factors; client consultation, sufficient resource allotment, sufficient
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