Taking smaller bites with PMP-Bite series - PMP Chapter 1 Part 4 (PROJECT LIFE CYCLES)
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The document outlines concepts related to project management, particularly focusing on project lifecycles and their phases. It discusses characteristics of the project lifecycle, including project initiation, organization, execution, and closure, as well as the relationships between cost, staffing, and time. Additionally, the document touches on different project management methodologies such as predictive, iterative, and incremental approaches.
Taking smaller bites with PMP-Bite series - PMP Chapter 1 Part 4 (PROJECT LIFE CYCLES)
- 1. maywongmeiching82@gmail.com my.linkedin.com/in/ maywongmeiching1May Wong, PMP maywongmeiching82@gmail.com my.linkedin.com/in/ maywongmeiching1May Wong, PMP maywongmeiching82@gmail.com my.linkedin.com/in/ maywongmeiching1May Wong, PMP taking a smaller BITEof PMP CHAPTER 1 PART 4 a PMP-BITE series Image courtesy of Grant Cochrane / FreeDigitalPhotos.net
- 2. HELLO. Armed with more than 10 years of experience in marketing. Specializing in Project Management of activation campaigns, conferences, events & exhibitions. Bitten by the travel bug and an explorer at heart. Loves dogs. @mayscloset MAY WONGPROJECT MANAGER @ SHELL INTERNATIONAL
- 3. Part1 Part2 Part4Part3 Project Program Portfolio PMO Time Cost Scope Resource Quality Risk Functional Projectized Matrix Product Lifecycle Project Lifecycle 4’P’s Constraints Organizational Structure Lifecycle ONE CHAPTER taking smaller bites…
- 4. Part1 Part2 Part4Part3 Project Program Portfolio PMO Time Cost Scope Resource Quality Risk Functional Projectized Matrix Product Lifecycle Project Lifecycle 4’P’s Constraints Organizational Structure Lifecycle ONE CHAPTER taking smaller bites…
- 6. CHARACTERISTICS OF PROJECT LIFE CYCLE Starting the project Organizing & preparing Carrying out project work Closing project
- 7. PROJECT STAGES Cost & staffing VS Time Less cost & staffs at the beginning & end of project
- 8. PROJECT STAGES IMPACT of VARIABLE based on project TIME Risk & uncertainty is great at the beginning of projects Cost of changes decreases as risks decreases
- 9. PROJECT PHASES Example of Single Phase Often found in smaller projects. Typically one phase & sequential (no overlaps)
- 10. PHASE TO PHASE SEQUENTIAL PHASE (3 phase)
- 11. PHASE TO PHASE OVERLAPPING PHASE
- 12. PREDICTIVE LIFE CYCLEAlso known as FULLY PLAN DRIVE Generally preferred when -product is well understood -substantial base of industry practice -product must be delivered in full to have full value.
- 13. ITERATIVE & INCREMENTAL + ADAPTIVE AKA change driven or agile methods Iterations are very rapid Scope decomposed to requirements – Product backlog Used when environment changed rapidly Requirements & scope not defined in advance Intentionally repeat one or more activities Increments add functionalities of product During repetition, all PM process groups will be performed To manage change of objective or scope Adaptive Iterative & Incremental
- 14. HOW WELL DID YOU PAID ATTENTION? PART PROJECT LIFECYCLE 4
- 15. EXERCISE Which of the following is NOT a characteristic of Project Life Cycle a. Starting a project b. Organizing a project c. Preparing a project d. Proposing a project
- 16. ANSWER Which of the following is NOT a characteristic of Project Life Cycle a. Starting a project b. Organizing a project c. Preparing a project d. Proposing a project Project life cycle only begins when a project has been chosen/confirmed
- 17. EXERCISE These are the relationships amongst COST, STAFFING and TIME. Which of these is UNTRUE? a. Cost is high at the beginning of the project b. Staffing is high at the execution stage of a project c. Cost is high at the middle stage of a project d. Staffing is low at the beginning stage of a project
- 18. ANSWER These are the relationships amongst COST, STAFFING and TIME. Which of these is UNTRUE? a. Cost is high at the beginning of the project b. Staffing is high at the execution stage of a project c. Cost is high at the middle stage of a project d. Staffing is low at the beginning stage of a project
- 19. Part1 Part2 Part4Part3 Project Program Portfolio PMO Time Cost Scope Resource Quality Risk Functional Projectized Matrix Product Lifecycle Project Lifecycle 4’P’s Constraints Organizational Structure Lifecycle Image courtesy of Master isolated images / FreeDigitalPhotos.net And…… WE ARE DONE!!!