Project Lifecycle 1

Managing the project lifecycle
How you approach personal projects reflects the professional process of Project Management.

The decorating project:

1. Had a defined start date

2. Progressed through a number of stages (phases)

3. Reached a conclusion

This is the project lifecycle. All projects you manage will go through this cycle.

Phase 1 - Initiation and Definition

• Determine objectives

• Select strategy

Phase 2 - Planning

• Write specifications

• Develop schedule

• Develop budget

Phase 3 - Execution

• Monitor performance

• Take corrective action

Phase 4 - Integration/Handover

• Deliver output

• Tie up administrative details

• Evaluate the experience

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