The Project Management Life Cycle comprises four phases.
Initiation involves starting up the project, by documenting a business case, feasibility study, terms of reference, appointing the team and setting up a Project Office.
Planning involves setting out the roadmap for the project by creating the following plans: project plan, resource plan, financial plan, quality plan, acceptance plan and communications plan.
Execution involves building the deliverables and controlling the project delivery, scope, costs, quality, risks and issues.
Closure involves winding-down the project by releasing staff, handing over deliverables to the Client and completing a post implementation review.
Project Initiation is the first phase in the Project Life Cycle and essentially involves starting up the project. PIA will initiate the project by defining its purpose and scope, the justification for initiating it and the solution to be implemented.
PIA will also need to recruit a suitably skilled project team, set up a Project Office and perform an end of Phase Review.
After defining the project and appointing the project team, PIA is ready to enter the detailed Project Planning phase. This involves creating a suite of planning documents to help guide the team throughout the project delivery.Project Execution
With a clear definition of the project and a suite of detailed project plans, PIA is now ready to enter the Execution phase of the project.
This is the phase in which the deliverables are physically built and presented to the Client for acceptance.
While each deliverable is being constructed, a suite of management processes are undertaken to monitor and control the deliverables being output by the project.
These processes include managing time, cost, quality, change, risks, issues, suppliers, customers and communication.
Once all the deliverables have been produced and the Client has accepted the final solution, the project is ready for closure.
Project Closure involves releasing the final deliverables to the Client, handing over project documentation (CAD Drawings / As Built Drawings / Operation & Maintenance Manuals etc) to the Client, terminating supplier contracts, releasing project resources and communicating project closure to all stakeholders.
Commencement of the Defects Liability Period.
The last remaining step is to undertake a Post Implementation Review to identify the level of project success and note any lessons learned for future projects.