project management L3
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Project Management L4 Project Management L1 strategic management L1 Entrep
20 terms 22 terms 39 terms 36 terms
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• Every project has certain phases of development. - A PROJECT LIFE CYCLE
clear understanding of these phases allows managers
and executives to maintain control of the project more
efficiently.
• By definition, a project has a beginning and an end and
passes through several phases of development known as
life cycle phases.
• These phases are varied depending upon the industry
involved but all follow the same basic steps.
• It is important to realize that the project life cycle for
each project may differ, in both the number of phases it
may have and the detail within each of these phases.
, This is the start of the project, and the goal of this phase PHASE1: PROJECT INITIATION
is to define the project at a broad level. This phase usually
begins with a business case. This is when you will research
whether the project is feasible and if it should be
undertaken.
If feasibility testing needs to be done, this is the stage of
the project in which that will be completed.
Important stakeholders will do their due diligence to help
decide if the project is a "go." If it is given the green light,
you will need to create a project charter or a project
initiation document (PID) that outlines the purpose and
requirements of the project. It should include business
needs, stakeholders, and the business case.
This phase is key to successful project management and PHASE 2: PROJECT PLANNING
focuses on developing roadmap that everyone will
follow. This phase typically begins with setting goal Two
of the more popular methods for setting goals are
S.M.A.R.T, and CLEAR:
This method helps ensure that the goals have been SMART. Goals
thoroughly implemented. It also provides a way to clearly
understand the implications of the goal-setting process.
answer the following questions; who, what, where, when, Specific
which, and why.
Create criteria that you can use to Measure the success Measurable
of a goal.
Identify the most important goals and what it will take to Attainable
achieve them.
You should be willing and able to work toward a Realistic
particular goal.
Create a timeframe to achieve the goal. Timely
A newer method for setting goals that takes into CLEAR Goals
consideration the environment of today's fast-paced
businesses.
Leave the first rating
Save Groups
Students also studied
Flashcard sets Study guides
Project Management L4 Project Management L1 strategic management L1 Entrep
20 terms 22 terms 39 terms 36 terms
juvs_Hndsm Preview juvs_Hndsm Preview juvs_Hndsm Preview juvs
Terms in this set (32) Hide definitions
• Every project has certain phases of development. - A PROJECT LIFE CYCLE
clear understanding of these phases allows managers
and executives to maintain control of the project more
efficiently.
• By definition, a project has a beginning and an end and
passes through several phases of development known as
life cycle phases.
• These phases are varied depending upon the industry
involved but all follow the same basic steps.
• It is important to realize that the project life cycle for
each project may differ, in both the number of phases it
may have and the detail within each of these phases.
, This is the start of the project, and the goal of this phase PHASE1: PROJECT INITIATION
is to define the project at a broad level. This phase usually
begins with a business case. This is when you will research
whether the project is feasible and if it should be
undertaken.
If feasibility testing needs to be done, this is the stage of
the project in which that will be completed.
Important stakeholders will do their due diligence to help
decide if the project is a "go." If it is given the green light,
you will need to create a project charter or a project
initiation document (PID) that outlines the purpose and
requirements of the project. It should include business
needs, stakeholders, and the business case.
This phase is key to successful project management and PHASE 2: PROJECT PLANNING
focuses on developing roadmap that everyone will
follow. This phase typically begins with setting goal Two
of the more popular methods for setting goals are
S.M.A.R.T, and CLEAR:
This method helps ensure that the goals have been SMART. Goals
thoroughly implemented. It also provides a way to clearly
understand the implications of the goal-setting process.
answer the following questions; who, what, where, when, Specific
which, and why.
Create criteria that you can use to Measure the success Measurable
of a goal.
Identify the most important goals and what it will take to Attainable
achieve them.
You should be willing and able to work toward a Realistic
particular goal.
Create a timeframe to achieve the goal. Timely
A newer method for setting goals that takes into CLEAR Goals
consideration the environment of today's fast-paced
businesses.
