Project Lifecycle

1221 Words 5 Pages
of compiling this document allows you to briefly explain what the purpose of the project will be, costs associated with this and the benefits behind the project e.g. financial savings. To create a business case, often organisations have a template that they require you to utilise ensuring that you capture all needed information and enforce structure. Once this has been completed, this is given to management / managers who then read through the business proposal and examine the feasibility and benefits behind the project to allow them to approve or reject a proposal.
In order to capture needed information, business cases have specific sections that aim to capture essential information. Generally and in my organisation, the business case begins
…show more content…
Before beginning a project, the lead will complete various documents that plan out the purpose and milestones that need to be hit before certain progressions can be made, often referred to as a timescale design. During the initial stages the scope of the project is decided and any end outcomes / deliverables are established.
Throughout the project, there are various plans that are enforced and used to ensure timescales / timeframes are met. The plans used ensure essential components of the project remain possible such as a financial & resource plan and RAID(Risks, Actions, Issues and Decisions) logs. RAID logs are used to keep an accurate record of tasks required from specific people and any potential risks that these pose. By identifying risks in the initial stages of a project, you are able to employ mitigation techniques and prevention methods to reduce the risk of the project from
…show more content…
These techniques rely on feedback from teams on progress and developments. An advantage to this is that managers of projects can anticipate issues that may arise and flag this as an issue. However, by solely relying on information from the project manager, this can result in problems when issues are underestimated due to the fact that progress is subjective of the person reporting.
An alternative method is to create project milestones that detail progress that should be achieved within specific timeframes. This is advantageous as you are able to quantitatively measure progress which is independent of management input. This too has drawbacks however, for example, a project could appear as slipped by the fact that it has missed a deadline, when in fact, the project is waiting on input from another team before completing more than just the next milestone which can often give false indicators of slipped

Related Documents

Related Topics