Project Management: Achieving Competitive Advantage, Fifth Edition

Project Life Cycles

1. LO 1.4 Understand and explain the project life cycle, its stages, and the activities that typically occur at each stage in the project.

Imagine receiving a term paper assignment in a college class. Our first step would be to develop a sense of the assignment itself—what the professor is looking for, how long the paper should be, the number of references required, stylistic expectations, and so forth. Once we have familiarized ourselves with the assignment, our next step would be to develop a plan for how we intend to proceed with the project in order to complete it by the due date. We make a rough guess about how much time will be needed for the research, writing the first draft, proofreading the paper, and completing the ...