Project Management Life Cycle

Hello Guys,

Project development is the part of the life cycle where a project is born. This stage usually starts with the generation of an idea. From there, time is spent assessing feasibility as well as weighing the challenges and benefits associated with moving forward with the project. Once all aspects have been considered, the project plan is ready to be generated.

A project plan is formalized through defining key elements: what is going to be done, how it will be done, what is required to get it done, who is going to do it and when it will be implemented. Once the project is developed, it is communicated to pertinent stakeholders (that is, staff and, if appropriate, external partners) and the necessary resources are secured. A timeline is developed and deadlines are assigned to each step of the project plan. The timeline for a project should be padded with additional time in order to address things as they come up as well as to provide extra time if steps take longer than planned.

Thanks a lot!
Bianca Moretti