CONTENT:
Project Life-Cycle Management Student`s Name: Course name: Course number: Instructors name: Date of submission: Project Life-Cycle Management A project lifecycle is a process by which an organization is able to follow a certain sequence during the management of its projects. That is the key reason as to why, a successful project management process should be able to address its phases of the project lifecycle. In some instances, the phases are clearly defined, and the transition from one working phase to the next involves the transfer of some sort of a deliverable. For instance, it could be certain software, a document, a work product, or even a deliverable (Harris, 2003). The individual phases of a project life cycle consist of organized project life cycles. It is made up of several stages, which vary based, on the type of project that is being done or according to the type of industry which is conducting the project. However, there are four basic stages regardless of the project type or the industry type. The initial stage is the defining stage, then the planning stage, the executing stage, and finally the closing stage. Some of the benefits of project management to an organization include, the organization is able to cut costs that would have rather been incurred if at all there were no efficient management of the project. In addition, the organization is able to time itself meaning that they are able to stipulate the instance it would take to finish a certain project meaning they are able to save a lot of time. This also enhances teamwork amongst the members of the project team because they know what roles to take. The members do not have to watch others perform their duties because this is where roles are delegated to each member of the team. Finally, an organization is able to realize effective results from a project that is appropriately organized because it will put into consideration all factors that are essential in foreseeing its success. For inst...
