project life cycle pmp

there’s also something that i really like about the pmp exam: it isn’t tricky! some — but not all — of the terms in the pmbok guide can be defined just by reading them. project life cycle and project phase are two terms that you can’t just guess about. pmbok defines project life cycle as “the series of phases that a project passes through from its initiation to its closure” (38). remember that a project life cycle is made up of a number of phases. you’ll probably see it or something like it on the pmp exam: intuitively, this graph makes sense, right? another key point from this graph (and in figure 2-9 in the pmbok guide) is that over time, risk and uncertainty decreases, but the cost of changes increases. now that you know the generic project life cycle is made up of phases, what are phases? check if it meets the following criteria: projects may have one or multiple phases, and there are two types of phase-to-phase relationships.




sequential phases are back-to-back, and they produce a longer schedule but less uncertainty. let’s go back to life cycles for a moment, because we reviewed the generic life cycle, but the pmbok guide also gets into more detail on more specific types of project life cycles. of course you should read the pmbok guide starting on page 44, but here’s a brief overview. when studying for the pmp exam, it is important to read the pmbok guide multiple times for that exact reason. studying for the pmp exam can feel tedious at times, especially when you need to figure out the minute details of project life cycle and project phase as just one bit of information in the mountain of information you need to know for the exam. making connections throughout the pmbok guide that can really help your project can feel like you are going to make a real difference in organization. so how are you feeling about project life cycles and project phases? rich writes about excel and the pmp for magoosh. he works as a business analyst & project manager at a nationwide non-profit headquartered in villanova, pa. rich and his fiancée hadley enjoy traveling the world or playing with bear, cherokee, and nalani (their cats).

this is also the document that officially authorizes a project manager to the project and outlines her responsibilities and authority. the project cost is lowest at the beginning, and increases as the project progress. and then there is a variable whose degree steadily increases as the project progresses, this is the cost of changes. this is a point where project outcomes are compared with planned outcomes and the decision to go ahead to the next phase or not is made.

the product is built in an incremental fashion and delivered at the end of each iteration. this approach is used for projects that are large or complex, where risks are high, the scope is not completely known upfront and is discovered as the project progresses. this is a bit advanced version of the iterative and incremental life cycle where scope unknowns are high. the project manager here dons the role of a facilitator, protector, and enabler for the team to do their work in the most efficient manner. there is no reward if the team over-achieves the scope of the iteration, and no penalty if it under-delivered.

each phase of the project life cycle consists of specific project objectives, results, deliverables, processes, and milestones, the project management life cycle is usually broken down into four phases: initiation, planning, execution, and closure. these phases make up the path that no information is available for this page., phases of a project, phases of a project, project life cycle with example, project management life cycle phases, project life cycle 5 phases.

the project life cycle includes the steps required for project managers to successfully manage a project from start to finish. there are 5 phases to the project life cycle (also called the 5 process groups)u2014initiating, planning, executing, monitoring/controlling, and closing. project lifecycle in its basic form consists of the stages that the project goes through from initiation to closing. it has a collection of logical project the project life cycle consists of the defined project phases which are usually identified and documented within the organization’s project management a generic project management lifecycle is illustrated in exhibit 2. it consists of four main phases, each comprising certain processes, with each process, project life cycle pdf, project life cycle models, project management cycle, project life cycle diagram, project life cycle examples pdf, 5 phases of project management ppt, importance of project life cycle, project management steps pdf, project life cycle ppt, characteristics of project life cycle.

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