Project Life cycle Essay

Words: 1239
Pages: 5

Project management plays an important role in achieving a successful project as it manage the project according the schedule and budget. According to Schwalbe (2011), project life cycle defined as a collection of project phases, development, implementation and close-out. There are five important steps in developing project life cycle namely defining project goal, planning project, executing project, closing project and lastly, evaluating the project (refer to Figure 1 in Appendix).
Firstly, project manager define the project goal. Project goal is the first step as it set the objectives and purposes of the project. The goal focus on provide business value to the organisation. The goal should give a clear focus and drives the other phases
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The project closure report is ended only when all the propose activities are fully implemented. Finally, the project closure stage ended when the project manager hand over the project documentation to the business, cancelling all suppliers’ contracts, releasing staff, equipment and resources, and lastly inform the closure of the project to all stakeholders and interested parties.
In the final stage, the project is evaluated. After the project has been close, post-mortem is conducted to evaluate the overall project. The projects are evaluated in two categories: project team evaluation and project evaluation. The project team evaluation is performed by passing a team and peer evaluation form to the team member and each of them are required to judge the other team member. The rate are based on the overall attitude and contribution of the member in the project. The evaluation result will be used as a revised is used as a revised of payroll. On the contrary, Schwalbe (2011) stated that the project is evaluated based on how well the product or services performed against the stated objectives and conformed to the management processes outlined in the planning phase. Lastly, Novartis Foundation for Sustainable Development (2005) suggested that a review of on the project should be conduct to reflect the mistake and identify impact and lessons learnt for future projects. However, if the project failed to achieve its objectives and stakeholder still wishes to