Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you f
Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.
Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.
Also, provide a graduate-level response to each of the following questions:
- Are there any disadvantages to following a life-cycle approach to project management? If so, what are they and why?
[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student's own words – do not provide quotes!]
[Your initial post should be at least 250+ words and in APA format (including Times New Roman with font size 12 and double spaced).
Book: Watt, A. (2019). Project Management, 2nd Edition. BCcampus Open Education. Retrieved from https://opentextbc.ca/projectmanagement/
The Project Life Cycle
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Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
1
Phases of a project
Initiation
Planning
Implementation
Closing
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Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
Initiation phase
Project sponsor is identified
Scope and deliverables are defined
Relationship to organizational goals is key
Budget is approved
Broad statements are made about risks, approach, timelines
Stakeholders are identified
Project Manager is assigned
At end of phase, approved project charter is the approval to proceed to the planning phase
This work is licensed under a
Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
Planning phase
Deliverables are clearly defined
Based on the deliverables, a work breakdown structure or WBS defines the “work packages”
The work packages are used to develop a schedule
Plans are made for management of stakeholders, communication, quality, costs, risks, procurement, resources including human resources
This work is licensed under a
Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
Implementation (Execution) Phase
Project team is hired and developed
Procurements take place
Project work is underway
Project must be monitored and changes managed
Communication to stakeholders is an important ongoing activity
This work is licensed under a
Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
Closing phase
Reporting
Closing out procurements—final payments
Identify lessons learned
Celebrate
This work is licensed under a
Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
Summary
Project Phases
Initiation
Planning
Implementation (Execution)
Closing
This work is licensed under a
Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
Questions?
This work is licensed under a
Creative Commons Attribution 3.0 Unported License (CC-BY).
Project Management
Chapter 3: The Project Life Cycle
8
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