Management Life Cycle Essay

Words: 3613

Pages: 15

Open Document

Project Management Life Cycle (PMLC)
Section 2

Office of the Senior Associate Vice President for Finance

Outline
Project Management Life Cycle

PMLC Review Phases In Depth
Monitoring & Controlling

 Planning  Analysis, Design & Development  Testing & Readiness  Post Go Live  Closing

Wrap Up
Office of the Senior Associate Vice President for Finance

Page 2

Process Comparison
Project Management Life Cycle
Initiating Planning Executing Closing

GO LIVE!

Idea

Proposal

Planning

Analysis, Design & Development

Testing & Readiness

Post Go Live

Closing

Request

Chartered Project

Monitoring & Controlling

Office of the Senior Associate Vice President for Finance

Page 3 …show more content…
Activities
 Baseline Business Requirements  Acquire Project Team  Create Project Definition Document  Develop WBS - Schedule  Develop Communications Plan  Obtain Signed Contract(s)

OR
Who needs to know what, when and how at what level of detail and informed by whom.

Office of the Senior Associate Vice President for Finance

Idea

Proposal

Planning

Analysis, Design & Development

Testing & Readiness

Post Go Live

Closing
Page

Product Life Cycle Management

Product lifecycle management does not refer to any individual computer software or technique. It is a tool that enables the companies to collect data about the products, evaluate and steer the processes and the overall strategy of the company in the best interest of its stakeholders taking based on the nature of its products, the market and the market share. (Sääksvuori & Immonen, 2011) The product lifecycle, similar to the industry lifecycle concept lays emphasis on the total life of the product…

Words 2899 - Pages 12

Product Life Cycle Management and Product Essay

2009 to 2011. In addition, the percentage of product contribution to sales and profit for product A were gradually reduced to 6.25% and 8.2% respectively. These changes have occurred may because the product A was in the decline stage of its product life cycle. Also, other products’ growth of sales and profits may result in those changes of product A. The annual sales and profit were increasing over the last five years for both product B and C. The percentage change in sales for product B was raising…

Words 644 - Pages 3

Project Life Cycle

Project Management MGT/437 University of Phoenix Project Management According to Harold Kerzner (2009), “Project management is the planning, organizing, directing, and controlling of company resources for a relatively short-term objective that has been established to complete specific goals and objectives” (Ch.1, para.7). A project is a work assignment that contains multiple parts, or tasks, with each task having clearly defined goals. Projects may be completed by individuals or by…

Words 1097 - Pages 5

Procurement Process Essay

January 30, 2012 Pamela Hill Procurement Process Procurement management is the processes to purchase or acquire the products, services or results needed from outside the project team to perform the work. Project Procurement Management involves not just purchasing products, services or results, but also ensuring that those that are purchased are right for the project, meets standards and is based on project requirements. This life cycle includes tracking from order through deployment and completing…

Words 1285 - Pages 6

System Development Life Cycle Essays

System Development Life Cycle Irene Anderson CMGT/582 - CIS Security and Ethics June 23, 2014 Krystal Hall System Development Life Cycle “Both risk governance and regulatory requirements emphasize the need for an effective risk management plan. And to effectively manage risk, it is important that definitions of the risk management plan objectives are clear from the start, so that the plan can head in the right direction. Risk management of information assets also provides a strong basis for…

Words 1247 - Pages 5

Critical Thinking On Product Life Cycle Essay

Critical evaluation of Product life cycle Introduction The lifetime of a new product goes through consecutive stages from product introduction to market growth, market maturity and sales decline (Forrester, 1963). This progress is known as the product life cycle. It is related to the marketing changes and it is useful to use this model to analyze marketing mix and do strategic decision. This essay will provide a brief explanation of the PLC model and then review the development of the concept.…

Words 1741 - Pages 7

What Is Concurrent Engineering Essay

As along, Accelerating innovative products and increasing the number of new product introductions is a huge challenge for most organizations. Here comes product life cycle management .so, what is product life cycle management? Product Life cycle Management is a process used to manage the data and design process associated with the life of a product from its conception and envisioning through its manufacture, to its retirement and disposal. PLM manages data, people, business processes, manufacturing…

Words 622 - Pages 3

Project Life Cycle, Feasibility And Post-Project Life Cycle

Project life cycle, Feasibility & Post project analysis Project Life Cycle as well as Feasibility part and also the Post-Project analysis Since a project ends once its final results (or products) are delivered to the owner, investor, marketer, or user in accordance with the project contract or internal project charter, the quality project life cycle involves Associate in nursing finish once the project close-out part is complete. the merchandise life cycle begins at the…

Words 990 - Pages 4

chem final Essay

Connor Grover Ms. Webber Chemistry A 16 January 2015 The CNO Cycle (Carbon-Nitrogen-Oxygen Cycle) Nuclear processes take place when the nucleus of an atom is unstable. Nuclear process happen all around our lives, including medical, industry, energy, military, and space. The nuclear process that caught my eye the most was the CNO Cycle (Carbon-Nitrogen-Oxygen Cycle). This process is vital to life on Earth because it produces a majority of the energy in most stars and a small amount in the Sun.…

Words 637 - Pages 3

Essay about Functional Areas of Business

evaluate the roles of management within the functional areas of business, we first need to understand what the roles and functions are. Within this paper, viewers will read what the roles and functions within the MBA are and how managers use these functions to create a successful operation. Roles of Management: Since there are different types of management, this paper will be using Strategic management as the main example for the definition and analyzing. Strategic management is what managers do…

Words 835 - Pages 4