Project Life Cycle, Feasibility And Post-Project Life Cycle

Submitted By Afzal Azeem-Raja
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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 instant the merchandise begins to be used, sold or placed operating, so manufacturing the advantages that even the project within the 1st place. There could also be some overlap between the quality project close-out part and also the initiation of the merchandise usage and so its product life cycle. For shopper product the merchandise life cycle generally has 5 phases: introduction, growth, maturity, decline, and termination. There might after all be product enhancements (new projects) to increase the merchandise life. If the project produces a brand new facility, like an organic compound process plant, the merchandise life cycle can accommodates these parts: empowerment (usually additionally Associate in Nursing overlapping phase with the project that created the plant), operation (with periodic maintenance and modification comes interrupting productive operation), decommissioning, and demolition (including any ecological cleanup.) For Associate in Nursing IT package project that produces Associate in Nursing data system, the merchandise life cycle phases can embody empowerment (placing the system fully operation), operation, and decommissioning (usually replaced by a brand new system.) once agile project management ways square measure in use, there'll usually be a protracted amount of continuous improvement as new options square measure more or unforeseen deficiencies square measure corrected throughout the project execution part. In these cases it's going to be tough to grasp once the first project scope has been achieved and to spot specifically once the project has been closed out and also the system (product) operation part begins.
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All comes accommodates variety of various phases that type the life cycle (or life span) of every project. Within the early years of the event of contemporary project management practices it absolutely was common to examine every part of a project being planned, scheduled, and managed as a separate project, from begin to complete of every part. Overtime’s a brand new project manager would take over because the next part was started. This sometimes resulted in several un-resolved style or different conflicts being sweptback forward into future part, particularly in design/construction/field operation comes, furthermore as in IT comes. The sphere project manager of a brand new method plant, as an example, had to resolve the issues throughout that construction part that ought to be solved throughout the planning part. The price of operative the plant was usually inflated as a result of the designers and constructors took short-cuts to scale back their prices and increase their profits, however these short-cuts inflated the price of operative and maintaining the plant. Because the project management discipline matured it absolutely was recognized that overlapping these phases once sensible can save a substantial quantity of your time and cash, and reassuring that one project manager maintains responsibility for the complete project life cycle forced the resolution of conflicts as early as doable within the project life cycle. This junction rectifier to ‘fast-tracking’6 within the engineering-procurement-construction classes of comes, furthermore as in several different project classes.
Available from pre-investing time and resources in project pre-planning (Front finish loading) and within the use of risk reduction techniques like constructability studies. It’s been once and for all incontestable
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