If we talk about the project life cycle, It has phases in which the manager and his whole team can achieve the goals that the project sets by itself.
The phases of the project life cycle describe what the project goes through and where progresses from start to finish.
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In this article, we will discuss how to create a project plan through the project life-cycle process. Start with the project initiation plan and end till closure stage.
Key Features of Project Life-Cycle Template
Basically, it is very important for any manager who is going to start his project because these steps will help the project manager with his project.
Why is it important?
Every project has a starting, a valuable length, crowning glory, and a final segment whether it will be achieved or fail. All these stages we will analyze in this we can say it to project life Cycle.
Know we will discuss these five phases in detail
Phases of Project Life Cycle Template
There are five phases of the project life cycle, which are:
Related Article: Project Management
Initiation Phase Template
in this phase of the project life cycle is sorted out what is the reason for the existence of this project. Project manager analyses the project goals, selects experts and tell them about the goals, motivations, and deadlines of the project.
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This phase aims to meet the client’s goals and priorities to make this project successful.
Planning Phase Template:
In the planning phase of the project life cycle first of all you have to make a strategy for the project. Keep in mind the objectives, priorities, and goals of the project.
Project planning also highlights all the activities and tasks which we have to perform to make our projects successful within the given time. Cost analysis must be done to ensure that everything is within your budget.
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Draw out the map of the schedule to make your work convenient. Create a risk management plan to avoid any problem that will come in the progress of your project.
If we summarize the planning the key points will be as follows:
- Identify the goals and responsibilities
- Expectations from the project.
- Draw out a schedule maps and charts
- Makeup communication plans
- Create a risk management plan
Execution Phase Template:
This is the action phase where you bring all the activities and tasks into action that you have planned in a planning phase meetings are arranged and total monitoring is done to check out if your project is running or going smoothly. It is the major or crucial phase of project management.
In this phase, the primary responsibilities of the project manager are as follows.
- Constant monitoring of project
- Look for updates and adjustments
- Stay in contact with the team and a stakeholder
This is the phase where you have to spend most of the budget. Great hard work from the experts is required. A project manager may also have to buy some services to achieve the goals.
Project Tracking Template:
In this phase, the project manager is on duty all the time. The project manager has to make assessments regarding the success and quality of the project according to the following factors
- Are the expected goals being achieved?
- Is the project still within budget?
- Are we going out of scope or limits?
This phase actually ran with execution side by side and was considered as important as the execution itself.
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Closure Phase Template:
This is the final stage of the project management in which the final outcomes are handed over to the stack holder. The steps involved are according to the kind of project. If it is an IT project, the steps involve the installation of the application on the customer side and giving guidance about the application.
If it is a construction project the customer will check out the structure built and then will the approval of that construction project.
The closing phase emphasizes on
- Assessment of final results.
- Give out deliverables.
- Identify the success of the project
- Evaluate the members of the project and tell them if they need any improvement.
- Check out the budget if any left for the next project.
- Terminate the contractor of the project.
From all these mentioned things the project manager may get some experience in order to carry out the next project successfully.
Following are some standard questions & answers related to the project life cycle template.
How can I Download the Project Life-cycle template?
I’ve to insert a related source where you can download a complete bundle of project life-cycle template
Compatible with Mac or Which version?
Yes, these templates compatible with the MAC version
What is an advanced portfolio Dashboard with a Life-cycle template?
You can download advanced portfolio templates with theses bundle of templates for Free.