Project Management Life Cycle

Initiation – defines the project

1. Business case begins
2. Feasibility study – research assesses whether the business case can lead to a reasonable, feasible solution
3. Stakeholder input
4. Project charter or project initiation document outlining the business needs, the stakeholders, and the business case

Project Planning – Road map depends on whether SMART or CLEAR is used

1. Setting up project goals
2. Defines project scope
3. Draft project management plan – cost and estimations
4. Risk management plan to id risks, cost overruns, and delays

Project Execution

1. Project deliverables are developed and completed
2. Kickoff meeting (start of phase)
3. Developing project team
4. Assigning resources
5. Setting up tracking system