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Project Life Cycle

bulletInitiating
bulletPlanning
bulletExecution
bulletMonitoring & Controlling
bulletClosing

Project Manager or Organization performing projects can divide projects into phases to improve management control and tracking. Collectively, the project phases are known as Project Life Cycle.

Project Life Cycle is different from Product Life Cycle. Usually, Project Life Cycle is a subset of Product Life Cycle to deliver a product and pass on to Operations.

Project Stakeholders

bulletIndividuals and organizations that are actively involved in project
bulletwhose interests may affect the project results
bulletexamples of Project Stakeholders: Project Manager, Project Sponsor, Customer, PMO and Project Team members

In general, conflict and differences among stakeholders should be resolved in favour of the customer.

Project Organizational Structure

Organization Structure Functional

Matrix

Projectized
Project Characteristics   Weak Matrix Balanced Matrix Strong Matrix  
Project Manager's Authority Little or None Limited Low to Moderate Moderate to High High to Almost  Total
Resource Availability Little or None Limited Low to Moderate Moderate to High High to Almost Total
Who Controls the Project Budget Functional Manager Functional Manager Mixed Project Manager Project Manager
Project  Manager's Role Part-time Part-time Full-time Full-time Full-time
Project Management Administrative Staff Part-time Part-time Part-time Full-time Full-time

Functional organization: team member  has a clear superior

Projectized: Project Manager has the most power

Matrix: It is common in most projects

 

 

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                                    Last modified: 06/07/2007              Website hosted since 1995