Project Life Cycle in Industrial Engineering: Difference between revisions
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All projects can be mapped to a generic life cycle structure. A project life cycle is a sequence of steps through from the beginning to the end | All projects can be mapped to a generic life cycle structure. A project life cycle is a sequence of steps through from the beginning to the end, they are sequential and, generally in industrial engineering, there are 4 four main phases which are: Initiation, Planning, Execution and Closure. The phases can be broken down by intermediate milestones, specific results or deliverables. The life cycle provides the basic framework for managing the project, regardless of the specific work involved, it is independent from the product life cycle produced by or modified by the project.<ref>Project Management Institute. “Project Management Body of Knowledge (PMBOK Guide)” – ''Fifth Edition, 2013''. Page 38 to 46 </ref> | ||
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==References == | ==References == | ||
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Revision as of 17:00, 11 February 2018
All projects can be mapped to a generic life cycle structure. A project life cycle is a sequence of steps through from the beginning to the end, they are sequential and, generally in industrial engineering, there are 4 four main phases which are: Initiation, Planning, Execution and Closure. The phases can be broken down by intermediate milestones, specific results or deliverables. The life cycle provides the basic framework for managing the project, regardless of the specific work involved, it is independent from the product life cycle produced by or modified by the project.[1]
Big idea
Initiation: Starting the project
Planning: Organizing and preparing
Execution: Carrying out the work
Closure: Closing the project
Applications
Limitations
References
- ↑ Project Management Institute. “Project Management Body of Knowledge (PMBOK Guide)” – Fifth Edition, 2013. Page 38 to 46