The Project Management Life Cycle Page 5 of 10 AEW Services, Vancouver, BC ©2007 Email: firstname.lastname@example.org "Create a quality plan: Meeting the quality expectations of the customer can be a challenging task.To ensure that the quality expectations are clearly defined and can reasonably be achieved, a quality plan is Let us continue discussing the construction phase in the next section of the program lifecycle management tutorial. The Product Life Cycle is a conceptual marketing concept. Appointing a program manager to run tâ¦ In this lesson, we would be covering the fifth program management performance domain, which is program lifecycle management. The customer service from Simplilearn is outstanding. -Program Life Cycle Management Provide six actions related to component interdependencies for the program manager to oversee and analyze. In the world of ever-changing technology and business trends, project management is in great demand. This phase comprises two sub-phases program transition and program close-out. The project management life cycle provides a framework for managing any type of project.By definition, a project has a definite beginning and end. The project life cycle, also known as project management life cycle, refers to all the phases and the list of actions necessary to successfully fulfill all of the project's goals and demands. You will also observe that not all the columns in the table are filled. â¢ Life-cycle environmental and economic assessment can be conducted using the system. PMBOK concept of the project management cycle Itâs inevitable to discuss project life cycle while talking about project management phases. The program life cycle mainly focuses on the following three main attributes: Benefits acquired from the Program (the deliverables), Rules governing the development of the program lifecycle. Formulation means understanding the business cases, getting approvals, and forming a core team. The project initiation phase is very important. Developing a high-level business case to justify the program 5. Most books and guides on program management written in the last 10 years have suggested program ‘phases’, which are simply transpositions of the project linear perspective. For information on the process groups involved in the program management lifecycle, access the Process Groups document from the “Additional Reading” section. His latest book. Let us now check your understanding of the topics covered in this lesson. During this phase, the components will get initialized, perform their work, and get closed. So in this phase, there are two major activities that are performed, which are further elaborated in the sub-phases, which we will be discussing later. In the next lesson, we will look into the program definition phase of the. Welcome to the eighth chapter of the PMI-PgMP tutorial (part of the PMI-PgMP® Certification Training.). The construction phase is a very important phase of the program lifecycle management as it builds the program management and technical teams based on establishing the rules and regulations that govern the program. Project cycle management is a long and complex process that requires a dynamic and expansive set of tools to track all the data it collects. There are five dominant phases that determine the successful tenure of a program. There are many organizational tools that are used by the program manager to track the activities and manage the program. Program performance monitoring and control, Program transition and benefits sustainment, Program financial framework establishment, Program financial management plan development. The program manager should maintain a register to track the benefits acquired during the program. Processes belonging to program definition are in the second column, program benefits delivery processes are in the third column, and program closure processes are in the fourth column. Let us understand the program life cycle with the help of a diagram in the next section of the program lifecycle management tutorial. In this article, we look at what a project life cycle is, the various stages of the life cycle and different types of life cycles. Click here to know more! You can take a look at this table for a bird’s eye view of all the processes and the way they are classified. During the first of these phases, the initiation phase, the project objective or need is identified; this can be a business problem or opportunity. Project Cycle Management or PCM is an approach that allows you to manage many different projects and improve the quality of your projects over time. Program management is the link between the business strategy and the value it will generate when implemented. No matter what project it is that youâre preparing for, the 5 phases of a project life cycle can assist you and your team in narrowing the projectâs focus, keeping itâs objectives in order and finishing the project on time, on budget and with a minimum of headaches. A Simplilearn representative will get back to you in one business day. Every project has a beginning, a middle period during which activities move the project toward completion, and an ending (either successful or unsuccessful). Describe program definition 3. MMMM IRREN Defines program management and related concepts; Defines the program management life cycle and outlines related processes; It is â¦ The projects are selected based on the cost, technical relationships, and regulatory factors. I am really benefited from the course and found it to be well s...", Hear from a Simplilearner: Subhankar Sharma, Project Management Rockstar. A project management life cycle is a five-step framework planned to assist project managers in completing projects successfully. Not all products make it through all stages of the life cycle. So whatâs the difference? These periods of stability, which usually correspond to stage gates, are typically determined when pacing the program. Let us now focus more on program benefits delivery in the next section of the program lifecycle management tutorial. If you want to come up with satisfactory results, it is essential to follow all these different stages of the software The program development life cycle is a set of steps or phases that are used to develop a program in any programming language. The course will be divided by the project life cycle phases. : The person involved in managing the program and the associated projects, and who serves as a bridge between the organization and the project members. Project Management Life Cycle and Project Management Methodology. The fundamental difference is that while program management aims at dealing with results and gains and its value to the organization, project management aims at delivering products on time and obtaining customer satisfaction. It calls for a series of tasks to meet stakeholder and client requirements; a lot is involved in the process before the project reaches completion phase. Project Initiation. It shows the stages a product goes through from when it is first introduced to the market until it is removed. "Simplilearn is the best online learning platform. In the next lesson, we will look into the program definition phase of the program management supporting processes. The technical base team comprises members who coordinate, contribute and guide people in fulfilling the objectives of the program. The program manager develops techniques and processes to key out, record, track changes and maintain the benefits created by the program. Here are six things youâll need to know to start implementing in your day-to-day. In the early 2000s, PMI administrators, leaders at the global and chapter levels, and committee volunteers became aware that men and women who were committed to effective project management practice were clamoring â¦ During this phase, PMs first measure the feasibility and value of a project in order to determine whether or not it is worth pursuing. As mentioned already, there are multiple phases involved in the lifespan of a program. Let us look at the setup phase in the next section of the program lifecycle management tutorial. In program lifecycle management, a phase is defined as the stipulated time frame within which a series of events and activities take place as part of the development of the program. The program mandate, also known as the program brief, consists of minimum objectives of the program, its benefits, and the manner in which the program aids in achieving the strategic goal of the organization. The project management life cycle describes high-level processes for delivering a successful project. Managing the benefits of a program involves a series of stages, namely: Examining the Benefits Management Techniques. A sound program management lifecycle should reflect this perspective and allow for feedback from the measure of benefits at operational level to the strategy itself. Let us start looking at the picture from left to right. : The person in complete possession of the program is the director or the executive sponsor. : The team whose members are associated with the Program Manager to assist him in leading the team in a better manner This organizational structure of the program enables the program manager to direct the project managers and his team to achieve the strategic goals of the company. When discussing project management phases, the mention of project life cycle is inevitable. It is the process through which executives will be able to express their needs and make sure they are fulfilled. These activities may go by different names, depending on the methodology, but tend to be similar in nature. Project Execution 4. In the subsequent sections, we will look into the program life cycle phases and subphases in more detail. As we have mentioned before, the following three component level sub-phases are repeated several times during the program benefits delivery: The program benefits delivery phase ends when the program’s planned benefits are achieved or whenever a decision is made to terminate the program. The certification names are the trademarks of their respective owners. Then a high-level plan, which indicates how these activities will be carried out in order to realize the objectives, is created. Dividing your project management efforts into these five phases can help give your efforts structure and simplify them into a series of logical and manageable steps. Edited by Dr. Ginger Levin, the second person to become a PMI(R) certified program manager The primary competency of a project manager is to gain a thorough understanding of project management stages. After drafting the program charter, a complete program development plan is created with three main statements, namely: Mission, which is the need for initiating the program and its main goals from the organization’s perspective. Projects are a part and parcel of our professional life. There are many ways to look at the lifecycle of a program. Meeting the scheduled requirements of the program, Supervising, discovering, and documenting any changes, Communicating with the company’s stakeholders to update the status, Identifying risk factors, and performing risk mitigation and documentation of risk elements, Evaluating and approving any program change requests, Coordinating with the project managers and allocating resources, schedule activities, and inspecting performance. Let us discuss the attributes of the program life cycle in the next section of the program lifecycle management tutorial. These processes are divided into 9 knowledge areas and 3 life cycle phases. The initial phase is the program definition phase, which is about defining the intent, purpose, and the content of a program. The program set up phase is the core area of planning the execution of the program and involves making many decisions and creating several documents such as: Defining the activities and placing them in sequence, Evaluating the cost estimates and budgets, Personnel management and staff allocation. Executive Sponsor: A person involved in making program-related decisions and is always associated with the program management office. Below are diagrams that represent my own interpretation of the lifecycles that are described in these guides/standards. Program Director: The person in complete possession of the program is the director or the executive sponsor. Itâs inevitable to discuss project life cycle while talking about project management phases. PMBOK concept of the project management cycle. The key elements that are involved in the selection and commencement of a program are: The objectives of the program which aid in achieving the company’s long-term strategic goals, Analysis of the risk factors in implementing the program, Resource Management in terms of funds, personnel, and technology, Budget Estimation for the commencement of the program. The initiation stage of the project management life cycle is when you meet with clients and stakeholders to understand their goals, motivations, and hopes for the project. program definition, benefits delivery, and closure. The design of the program management plan for executing the program, Any other constraints that affect the development of the program. I also liked the examples provided du...", "The trainer was very knowledgeable, and was helpful in providing extra material. The Project Life Cycle (Phases) The project manager and project team have one shared goal: to carry out the work of the project for the purpose of meeting the projectâs objectives. Understanding the program management lifecycle, Government funding supports better project delivery, Remote workers prefer trust over technology, Flexibility is key to post-COVID work practices, AIPM celebrates 20 years of project excellence, Design and Building Practitioners Bill not adequate for projects, says AIPM, Project Management and its Barriers—Joelle Jello, Project and organisational barriers in the site inspection phase—Amish Trilok Joshi, Improving project performance through tacit knowledge sharing—Katja Sinning, Learning styles in today’s business domain—Nick Dominique-Bouvat, The importance of effective knowledge management and conversion—Alice Chivell, Mature portfolio management offices—a key to success. According to the PMBOK ® Guide, the elements of a project life cycle should define: What work must be accomplished Let us concentrate on the methods that the Program Manager adopts to achieve maximum benefits from a program. Once the program is initiated and the team members are identified, the program managers, along with the members, are headed towards enforcing the tasks for creating benefits to the organization in terms of maximizing its profits and achieving its objectives. Once a project is given the green light, team members will be briefed on the projectâs objective and assigned goals during the Initiation Phase. For example, there is no scope management process in the program closure phase. Project Management Life Cycle. Welcome to the eighth chapter of the PMI-PgMP tutorial (part of the. Executing â¦ - Just like a project, a program â¦ The PM life cycle contains the steps you need to deliver your project on time. To clarify, we first need to explâ¦ Once the program charter is finally sanctioned, the stakeholders sign the document, and a Program Manager is appointed to officially take charge of the program. The benefits of the program should be fused and documented before being transferred to an ongoing program. Identification Phase:4 2. In this stage, you and your team will identify the key issues the new project will strive to soâ¦ The organizational pattern of a program comprises the following: Program Management Office/Board: The main focus of the members of the broad is to inspect the development of the program with regard to satisfying the strategic goals of the organization. The program definition phase consists of program formulation and program preparation. Order the phases of the program lifecycle 2. Phases of a Project Life Cycle. Each step in the project management life cycle, which consists of distinct phases used in traditional project management, is explained in this post. Like project closures, programs are also subject to close down, and the benefits should be transferred to the customers or people within the organization. Project management life cycle is the term used to describe the series of phases a project passes through from its start to its completion. â¢ The design alternatives can be analyzed The definitive reference on program management, Program Management: A Life Cycle Approach provides this much needed guidance. In this complete guide to the project management life cycle, weâll give the lowdown with handy links to more information on managing the different parts of the project management process. This typically happens during the formulation phase. The program lifecycle diagram above exhibits the cyclical nature of programs where benefits are appraised on a regular basis and the resulting operational outcomes are used to realign the strategy, if required. Consequently the PM is responsible â¦Continue Readingâ The time was managed ver...", "I did my PMI-ACP course with Simplilearn. This will include the following activities: 1. Successful completion of a project is not an easy endeavor. Traditionally, there are 5 stages of project management. Once the program has been approved, the setup phase begins whereby the factors that enable the attainment of program objectives are determined. How important it is to see thâ¦ The program managers, project managers, and the team members strictly follow the rules and regulations in order to uniformly carry out their duties and to accomplish the objectives of the program. Life cycle management does not need to consider the entire life cycle, but instead, it can consider discrete phases or parts. Program Manager: The person involved in managing the program and the associated projects, and who serves as a bridge between the organization and the project members. As we have seen before, the program definition phase is divided into two sub-phases program formulation and program preparation. 1. The components of the program get initiated, authorized, and planned in this phase. The project phases make up a project life cycle and the phases are decided and chosen in a way that perfectly goes with the project requirements. These activities may go by different names, depending on the methodology, but tend to be similar in nature. The program exists to build products/deliverables that create business benefit for the organization. Benefits management activities take place across the program life cycle, as shown in this graphic adapted from the Standard for Program Management: Program benefits can come about in â¦ After completing this lesson, you will be able to: Order the phases of the program lifecycle, Explain program formulation and preparation, List the steps involved in program benefits delivery, Relate program transition and program closeout of the program closure phase. In the next section of the program lifecycle management tutorial, we will map the 36 processes of program management with the life cycle phases. Let us now quickly review what we have learned in this lesson. Worldwide, there is a need for people who design, build and manage companies with environmental, societal and â¦ With this, we have come to the end of this lesson. No parts of this site can be copied without the explicit permission by the owner. Securing approval to start the program 6. A survey by Genecafound that 75% of surveyed companies felt their projects were often âdoomed right from the startâ, which highlights the importance of getting off on the right foot when it comes to your projects. There are a lot of activities going on at different phases of a project. The project management life cycle is really just a highfalutin way of describing the life of a project. Every step in the project lifecycle is explained here, helping you complete projects more successfully. As you may observe, the first column contains a description of the knowledge area that the processes belong to. Project Management Life Cycle: Execution Now that youâve set everything up correctly, itâs time to bring the team on board and get to work! In the next section of the program lifecycle management tutorial, we will look at the objectives of this lesson. The major activities within this phase are as follows: The program components are initialized and planned; their output is integrated and managed so that the program benefits are realized. Interested in our PMI-PgMP Course? Let us now move on to the next section on program lifecycle management which focuses on managing the programâs activities throughout the life cycle. Within program closeout, the following activities are performed. All the details, information, communications and records of the program should be delivered to the organization, and they become the assets of the company for any future references to build another program or incorporate them in the existing programs. Program Management: A Life Cycle Approach Edited by Ginger Levin CRC Press, 2012 , ISBN: 9781466516878 , hardcover, 584 pp., $75.95 Member, $79.95 Nonmember. The program provides oversight to the components and integrates the output of the components to realize the program benefits. Vision, which is the state of the company after the closure of the program. The PM life cycle contains the steps you need to deliver your project on time. This phase of benefits management mainly focuses on the associated projects of the program and their deliverables. Initiating 2. The 5 process groups of project management We know that each program is comprised of a number of related projects and the success of the program is dependent on the success of its projects. We will look at these phases in detail in the following section of the program lifecycle management tutorial. This phase targets the closure of the program on account of the attainment of the objectives or cancellation of the program. Defense Acquisition Life Cycle Compliance Baseline (Pre-Tailoring) Acquisition & Procurement Milestones, Phases and Decision Points These decision points, milestones and phases are standard elements of the Defense Acquisition System; however, MDAs, with PM input, have full latitude to tailor programs in the most effective and efficient structure possible, unless constrained by statute The benefits acquired from the program should be consolidated and transferred to the ongoing program. Within the definition, the two sub-phases are formulation and preparation. Knowledge and planning for the five project management steps will help you plan and organize your projects so that it goes off without any hitches. We will continue learning about the setup phase in the next section of the program lifecycle management tutorial. The main objective of this phase is to establish a firm foundation of support and approval for the program. Planning Phase:5 3. Identifying the key stakeholders and their expectations/interest 3. Sponsors will be able to define the improvements they are expecting and clearly link them to the strategy to ensure they are realized and aligned with the business objectives. Firstly, the program sponsor and stakeholders should be informed about the closure of the program. Our Life Cycle Management Program was created to provide customers with a rotating supply of high performing bakeware and coatings resulting in optimal operational efficiency and product quality. ProjectManager.com is a cloud-based project management platform with the features that help manage the project cycle. You will learn about the project management life cycle from initiation to closing. The PM life cycle contains the steps you need to deliver your project on time. With this, we have come to the end of this lesson. This is the key phase in which the work of the program is carried out. Program Team: The team whose members are associated with the Program Manager to assist him in leading the team in a better manner This organizational structure of the program enables the program manager to direct the project managers and his team to achieve the strategic goals of the company. In the next section of the program lifecycle management tutorial, we will look at the component level sub-phases to understand the benefits delivery phase with more clarity. This is where many people might get confused. This phase determines the program objectives and goals that will receive complete support and approval from the members of the executive committee, stakeholders, and the portfolio management committee. This diagram below illustrates the program life cycle at a high level. The Project Management Cycle Let us discuss the conceptualization phase first in the next section of the program lifecycle management tutorial. Edited by Dr. Ginger Levin, the second person to become a PMI ® certified program manager (PgMP ® ), this handbook presents a cohesive compilation of program management knowledge from more than 20 certified PgMPs. This table is also present in the program management standard. This is an iterative phase. The definitive reference on program management, Program Management: A Life Cycle Approach provides this much needed guidance. These stages require the application of value management tools and techniques, as well as sense-making. Managing a program involves a series of transformation phases wherein each phase permits the program to move to the next phase until it reaches the closure state. The Bachelor's Program in Life Cycle Facilities Management is a unique program focused on the sustainability of building construction and design. This depends on the needs of the organization. When the organization decides to close a program, the first task is to transition the program into a receiving unit that is responsible for sustaining the benefits. These are integration management, financial management, and procurement management. We will address the behavioral and quantitative facets of project management, as well as the use of methods, tools and techniques for the initiation, planning, execution and closing of projects. For every $1 billion invested in projects by companies in the United States, $122 million was wasted due to lacking project performance , according to Project Management â¦ Program Office: The office of the program manager and his team that inspects whether the performance of the project team members is in accordance with the strategic goal of the organization and there is no deviation from the same. 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