Project Management Methodology – The Project Management Life Cycle

To improve and ensure project success, a project management methodology should be in place. It is like a step by step guide to manage the project from start to finish. It will tell you what, how and when an activity should be performed on each phase of the project. The Project Management Life Cycle usually has four phases: Initiation, Planning, Execution and Closure. To successfully complete a phase on the cycle, there are a number of activities that need to be carried out. These are as follows:

(1) Initiation
– Starting a new project, defining its objectives, purpose, scope and deliverables.
(a) Develop a Business Case
(b) Undertake a Feasibility Study
(c) Establish the Project Starter
(d) Appoint the Project Team
(e) Set up the Project Force
(f) Perform a Phase Review

(2) Planning
– Defining the scope of the project.
(a) Create a Project Plan
(b) Create a Resource Plan
(c) Create a Financial Plan
(d) Create a Quality Plan
(e) Create a Risk Plan
(f) Create an Acceptance Plan
(g) Create a Communications Plan
(h) Create a Procurement Plan
(i) Contact the Suppliers
(j) Perform a Phase Review

(3) Execution
     – Building project deliverables and presenting them to customers.
(a) Perform Time Management
(b) Perform Cost Management
(c) Perform Quality Management
(d) Perform Change Management
(e) Perform Risk Management
(f) Perform Issue Management
(g) Perform Procurement Management
(h) Perform Acceptance Management
(i)  Perform Communications Management
(j) Perform a Phase Review

(4) Closure
     – Closing the project and reporting its overall level of success.
         (a) Perform Project Closure
         (b) Review Project Completion