What Is Meant By The Project Life Cycle?
Answer:
The term "project life cycle" describes the four main phases involved surrounded by carrying out a project. They are as follows:
Initiation or birth. In this first stage, you decide what you want the project to achieve and, broadly, what approach you will take contained by order to achieve it. At this point a team is chosen and a business plan or other document may be drawn up.
Planning. During the planning stage, the complete project should be broken down into smaller, manageable strages or tasks, and roles assigned to team members.
Execution. This is the time when the plans are carried out. This phase includes controlling/ checking that the criteria, settled on earlier, are being met.
Exit or closure. In the final stage, the project is completed. This normally involves a final assessment (success of the project, show of team members etc) and the writing of a detailed report.
You can see various diagrams illustrate the project life cycle at
google.co.uk/images
The term project life cycle refers to the stroke of planning, controlling and monitoring of a project, right from the time of its inception to up till the time when the project is completed.
Several various models of the project life cycle have be devised and propounded over the last few years. One of the first models to be propounded was the simplistic Waterfall Model. But, as the nature of software become more complicated due to the advancement of technology, this particular model of development has not yield significant results, often becoming counter-productive. Other models have devised a more iterative approach like Rapid Application Development and Rational Unified Process.
The scope of regulation and intricacy of the lifecycle for every project is limited by several aspects, like budget limitations, the experience level of the project squad etc.
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