Project Life Cycle
Project Management Process Group
Product Life Cycle
Cost and Staffing requirement are constant throughout the project Life Cycle.
The ability to influence the final characteristics of the project’s product, without significantly impacting cost is highest at the start of the project and decreases as the project progresses towards completion.
The cost of changes and correcting errors typically increases substantially as the project approaches completion.
Stakeholder influences, risk, and uncertainty are greatest at the start of the project. These factors decrease over the life cycle of he project.
It is marked by completion of one or more deliverables.
It is marked by Go-No go to next phase.
Includes a Quality Audit.
Also called phase-exit, stage gates or kill points.
They are persons or organizations who are actively involved in the project.
They are persons or organizations whose interests may be positively or negatively affected by the performance or completion of the project.
They are persons or organizations that may exert influence over the project, its deliverables, and the project team members.
They are persons or organizations that are actively supportive of the project.
Includes a Quality Audit
Must be used to initiate the subsequent phase
Can have an explicit goal of obtaining authorization to continue
Can be delayed untill project closure
Reverse Resource allocation