What are the different phases of life cycle of a project?
Brain Cyber Solutions
Digital Marketing Mentorship & Training Service in Kerala.
What are the different phases of life cycle of a project?
A product grows through many phases in its life cycle, starting from an idea, progressing through production or construction and thus passing on to sales and distribution and through to after-sales logistic support. A project may pass through the following stages:
Idea
Research
Design
Development
Marketing
Production
Post-sales service
What is the conceptual phase?
This phase is established and the management approach is always formulated. Goals are identified and well established, and resources are estimated and key personnel are appointed.
What is the planning phase?
In this phase, major program characteristics are validated and refined and risks and costs of programs are assessed, resolved or minimized. The project organization is well defined with targets set, schedule of execution been drawn, tasks and resources been defined and allocated and project teams built.
What is the execution phase?
The execution phase consists of full scale development phase and production phase. In the full scale development phase, design, fabrication and testing are completed. Costs are assessed to make sure that the program is very much ready for the production phase. In production phase the system is produced and delivered as very effective, economical and supportable system. During this period, responsibility of project management is transferred to a different phase.
What is the termination phase?
In the termination phase, the system is transferred to organization. And thus commitments been completed, personnel rewarded, resources released, and team members are reassigned.
References